NEWS ROUNDUP — Xemac acquires copper property in Mexico

Val d’Or, Que.-based Xemac Resources (XEM-M) has purchased the La Turquesa copper porphyry concession in Baja California, Mexico.

The company bought the remaining two-thirds interest from Mexican partner Seville Mineral Developments for US$75,000, 1 million shares and 500,000 warrants.

To fund the purchase, Xemac raised $165,000 in a private placement consisting of 1.1 million units. Each unit represents one 15 cents share and a warrant to buy another at 20 cents until May 2001.

La Turquesa is situated in Xemac’s El Arenoso concession, which the company acquired earlier this year.

Print

Be the first to comment on "NEWS ROUNDUP — Xemac acquires copper property in Mexico"

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Your email address will not be published.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