Colorado Springs News, Sports & Business

Gazette Premium Content Subsidiary of Colorado Springs company gets seat on Canamex board

By Ned Hunter Published: February 26, 2014
By Ned Hunter Published: February 26, 2014

A subsidiary of Colorado Springs-based Gold Resource Corp. has agreed to acquire 22,222,222 common shares of Canamex Resources Corp., the company said Wednesday. The acquisition will give Gold Resource 18.4 percent of Canamex issued and outstanding shares when completed, according to a news...

You've reached your 4 FREE premium stories for this 30 day period*

To continue reading please register for FREE below.

or
*A 30 day rolling period starts the day you first visit the site.
Are you a subscriber and having trouble viewing stories?

A subsidiary of Colorado Springs-based Gold Resource Corp. has agreed to acquire 22,222,222 common shares of Canamex Resources Corp., the company said Wednesday.

The acquisition will give Gold Resource 18.4 percent of Canamex issued and outstanding shares when completed, according to a news release from the company. Gold Resource is purchasing the shares for about $1.8 million.

The purchase gives Gold Resource the right to appoint one representative to Canamex's Board of Directors.

Canamex is a Canadian mining exploration company out of Vancouver that is focused on a gold exploration project in Nevada and another in South America.

Gold Resource Corp. is a mining company focused on gold and silver projects. The company has 100 percent interest in six potential high-grade gold and silver properties in Oaxaca, Mexico.

Comment Policy

Comments are for registered users only. Please register or login with your gazette.com account to comment on a story. Click here for information.

Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement