|
|
News Breaks | | | | October 30, 2012 | | 11:15 EDT |  | EMXX | EMX signs agreement to regain 100% control of the Akarca Gold-Silver project
Eurasian Minerals, EMX< is pleased to announce that it has signed an agreement to regain 100% ownership of the Akarca gold-silver property in Turkey. Previously, EMX had signed an agreement with a subsidiary of Centerra Gold , pursuant to which Centerra could earn up to a 70% interest in the Property under a joint venture arrangement. Earlier this year, Centerra earned an initial 50% interest in the Property as a result of investing over US $5 million in drilling, geological mapping, geochemical sampling, and geophysical surveys. In June, EMX entered into discussions with Centerra to regain control of the Property in return for relieving Centerra of certain exploration and payment obligations. Centerra nd EMX have now signed an agreement pursuant to which EMX will again control 100% of the Akarca property. | |
|
News For EMXX From The Last 14 Days Check below for free stories on EMXX the last two weeks. |
|
|
| There are no results for EMXX |
|
|
|
|
|
|
