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Exciting Updates on the Chorrillos Project Acquisition
TORONTO, Dec. 23, 2024 (GLOBE NEWSWIRE) — Cartier Silver Corporation (CSE:CFE) (“Cartier Silver”) is pleased to announce that, by mutual agreement (“Amending Agreement”) with Empresa Minera Gonalbert S.R.L. and Empresa Minera Segovia S.R.L (collectively, the “Vendors”), the registered title holders of two separate properties comprising the Chorrillos Project in southern Bolivia, the payment schedule in connection with the remaining portion of the aggregate US$4.5 million payment required for Cartier Silver to acquire 100% of the Vendors’ capital quotas has been amended. The signing date of the original acquisition agreement was December 12, 2022. Cartier Silver’s Bolivian subsidiary, Minera Cartier Bolivia S.R.L. (“Cartier Bolivia”) has made two staged payments and currently owns 30% of the Vendors’ capital quotas.
What does this mean for you?
As an investor or stakeholder in Cartier Silver Corporation, this update on the Chorrillos Project acquisition showcases the company’s commitment to expanding its presence in the mining industry. The amended payment schedule indicates a strategic approach to financial management and highlights Cartier Silver’s dedication to completing the acquisition successfully.
What does this mean for the world?
On a larger scale, Cartier Silver Corporation’s continued growth and development in the mining sector can have ripple effects on the global economy. The acquisition of the Chorrillos Project in southern Bolivia not only signifies potential resource expansion for the company but also contributes to the overall mining landscape, potentially creating new opportunities and partnerships in the industry.
Conclusion
In conclusion, the recent updates on the Chorrillos Project acquisition by Cartier Silver Corporation demonstrate a step forward in the company’s expansion efforts and underline its strategic planning and dedication to growth. As we look ahead to the future, these developments have the potential to impact both individual stakeholders and the broader global economy in significant ways.
