GSP Resource Corp. has amended its option agreement to acquire a 100% interest in the Alwin Mine copper-silver-gold project. The amendment accelerates payment obligations, replacing cash with common shares and reducing future share payments. It also removes a royalty and confirms the addition of certain mineral claims to the agreement.
GSP Resource Corp.
The Company intends to complete all remaining cash and Share payments due to the Vendors under the Option Agreement within the following week and will announce the acquisitionThe Alwin Mine Copper-Silver-Gold property is approximately 344 hectares and is located on the semi-arid, interior plateau in south-central British Columbia. The historic underground mine was developed over 500 m long by 200 m wide by 300 m deep.
Mining Acquisition Alwin Mine GSP Resource Corp Option Agreement Royalty
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