Page 7 - La Olla News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(1) BEDFORD, NS / ACCESSWIRE / April 29, 2021 / Silver Spruce Resources, Inc. ("Silver Spruce" or the "Company") (TSXV:SSE) (FRA:S6Q1) is pleased to announce the signing of a Definitive Agreement ("DA"), effective April 27, 2021, on the Diamante 1 and Diamante 2 concessions. Silver Spruce recently secured a Letter of Intent with Colibri Resource Corp. (TSXV:CBI) ("Colibri"), and its wholly-owned Mexican subsidiary, Yaque Minerales SA de CV ("Yaque"), to acquire up to 50% interest in four concessions comprising 1,057 hectares (see Press Releases - April 12 and April 26, 2021). "We expedited ou...

Colibri Resource Corporation: Colibri Announces Definitive Deal Struck with Silver Spruce at Diamante Gold & Silver Project Terms of Agreement To earn its initial 25% interest in the Project, Silver Spruce agrees to pay Colibri cash in the amount of $75,000 USD. Yaque and Silver Spruce will each then hold a 25% interest and manage the Project as equal partners ("Partners"). To earn its initial 50% of the Diamante project from the original vendor, Yaque (together with Silver Spruce) agree to jointly design, permit and drill a minimum of 2,000 metres on the Property within 24 months from the Ex...