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Stock Market & Financial Investment News

News Breaks
February 4, 2013
07:01 EDTFSMFortuna Silver Mines closes transaction to acquire Taviche Oeste Concession
Fortuna Silver Mines announced that the transaction to acquire the Taviche Oeste Concession has now closed. Fortuna has acquired a 55% interest in the property for a $4M cash payment and entered into an option agreement whereby upon announcement of a production decision, Fortuna may purchase the remaining 45% interest for a $6 million payment. The Taviche Oeste concession is subject to NSR royalties totaling 2.5%.
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