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Highlights
Roberto Resources Inc. (CSE: RBTO) has signed a binding letter agreement to acquire 100% of the Claudia gold-silver exploration project in Durango, Mexico, from Durango Gold Corp. The acquisition will be completed through the purchase of Cielo Azul Resources, a Durango subsidiary that holds the surface rights to the property.
Under the terms, Roberto will pay USD25,000 in cash, issue 10 million common shares with a 12-month resale restriction, and assume liabilities of approximately USD651,453, which include payroll, third-party costs, and mineral concession fees. Additional contingent payments to Silverstone may total up to USD19 million based on the delineation of measured and indicated resources, with payments split between cash and shares. If no resource is published by the end of 2029, the project must be returned.
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