NEWS ROUNDUP — Greenstone takes all of La Libertad

Following its acquisition of the remaining interest in Nicaragua’s Libertad concessions, Toronto-based Greenstone Resources (GRE-T) now has full ownership of the projects it operates.

In exchange for cash payments of US$13.1 million, a 2% net smelter return royalty and repayment of a US$1.72-million debt, Greenstone has acquired Inversiones Minera’s 25% interest in the Libertad concessions.

To finance the purchase, Greenstone will issue 1.6 million special warrants at $18.50 per warrant. The underwriters, led by Griffiths McBurney & Partners and First Marathon Securities, can buy an additional 400,000 special warrants at the same price. Each special warrant is convertible into a common share at no additional cost.