LATIN AMERICA — Arlo to acquire Panamanian properties

Having signed a letter of intent with MinAmerica of Panama, Arlo Resources (ARD-V) plans to acquire four properties on the Cerro Colorado-Chorcha copper-gold trend in western Panama.

The Daira, Manati, Union and Fonesca properties cover a total of 85,950 ha and are flanked by the giant Cerro Colorado project, which is being developed by Tiomin Resources (TIO-T).

To acquire the properties, Arlo will issue MinAmerica 200,000 shares per property over a 3-year period. MinAmerica will retain a 1% net smelter return royalty.

Print

Be the first to comment on "LATIN AMERICA — Arlo to acquire Panamanian properties"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close