Global Finishing, Inc. Signs a Definitive Share Purchase Agreement to Acquire all Outstanding Shares of COMPANIA MINERA MONTE-VERDE S.A. COMIMONTSA
Global Finishing, Inc. (FRANKFURT:G8BA) is pleased to report the signing of a definitive share purchase agreement to Acquire all outstanding shares of COMPANIA MINERA MONTE- VERDE S.A. COMIMONTSA in exchange for 6,000,000 restricted common shares of Global Finishing, Inc.
COMPANIA MINERA MONTE- VERDE S.A. COMIMONTSA owns 100% interest in the Maria Olivia Concession within the prospective gold and silver bearing vein systems in the Occidental Andean Cordillera primarily the Gen and Cristina veins.
A recent 43-101 report states that it is probable that a resource of greater than 1.96 million tons, with a somewhat lower grade in the order of 10 g/T (due to dilution by secondary veins and disseminations) could produce 19.6 million g (612,500 oz) Au estimated at over $500 hundred million. No estimate of the economic value derived from silver or sulphide concentrate has been made, but it would add a significant amount to the value of this resource.
- Published: 07 July 2008
- Written by Editor