First Majestic and Evrim Resources Agree to Exercise of Ermitaño and Cumobabi Option Agreements
First Majestic Silver Corp. Ordinary Shares (Canada) (AG)
Last first majestic silver corp. ordinary shares (canada) earnings: 2/19 07:00 am
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Source: GlobeNewswire
VANCOUVER, British Columbia, Sept. 10, 2018 (GLOBE NEWSWIRE) -- First Majestic Silver Corp. (“First Majestic”) and Evrim Resources Corp. (“Evrim”) are pleased to announce that the Ermitaño and Cumobabi project option agreements in Sonora, Mexico have now been exercised and that First Majestic has completed its 100% earn-in for both projects. In connection with the exercise, First Majestic has made a US$1.5 million cash payment to Evrim and has granted to Evrim, per the original 2014 option agreements, a 2% net smelter royalty (“NSR”) in the case of the Ermitaño project and a 1.5% NSR in the case of the Cumobabi project. Total mining concessions of 101,772 hectares Evrim’
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