Royal Road Minerals Limited: Royal Road Minerals Enters into Binding Letter of Intent for the Sale of Its 50% Interest in the Luna Roja Gold Project in Nicaragua
Royal Road or the
Letter
Agreement ) with Mineros S.A. (
Mineros ), pursuant to which the Company has agreed to sell to Mineros its entire 50% interest in the Luna Roja Project, comprising the Monte Carmelo I and Monte Carmelo II mining concessions, in Nicaragua. The Luna Roja Project is currently jointly owned and operated by the Company and Hemco -Nicaragua,S.A. ( Hemco ), a wholly-owned subsidiary of Mineros, pursuant to the terms of a strategic alliance agreement (the
1246768 B.C. Ltd. Announces Proposed Acquisition of Nevada Properties from Waterton and Business Combination to Form Millennial Precious Metals Corp.
768 ) announced that it has agreed to complete a series of transactions with Millennial Silver Corp. (
Millennial Silver ) and Clover Nevada LLC (
Waterton ) that will result in 768 (to be named Millennial Precious Metals Corp. as discussed below) indirectly acquiring the Wildcat Property, the Mountain View Property, the Marr Property, the Ocelot Property, the Eden Property and the Dune Property located in Nevada (the
Nevada Properties ) and a lease and option to purchase the Red Canyon Property also located in Nevada (the