Goldrock Mines Approves Acquisition by Fortuna Silver Mines
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Goldrock Mines Corp. has received approval at a special meeting held to approve its previously reported acquisition by Fortuna Silver Mines.
Goldrock will seek the final order of the Supreme Court of British Columbia on July 26, 2016, to implement the arrangement. The arrangement is anticipated to become effective on or about July 28, 2016.
“The acquisition of Goldrock and its Lindero gold deposit in the Salta province of Argentina is consistent with our strategy of delivering disciplined growth and value for our shareholders by building on our existing portfolio of high-quality assets. The long-life Lindero project with its potential to expand our low-cost production with significant free cash flow generation provides an opportunity to deliver long-term growth and significant sustainable value for our partners and stakeholders. Goldrock has established a solid foundation for us to build upon as the project enters the next phase of development,” said Jorge Ganoza, president and CEO of Fortuna Silver Mines.
About Fortuna Silver Mines
Fortuna is a growth oriented, silver and base metal producer focused on mining opportunities in Latin America. Their primary assets are the Caylloma silver mine in southern Peru and the San Jose silver-gold mine in Mexico. The company is selectively pursuing acquisition opportunities throughout the Americas and in select other areas.
To stop by Fortuna Silver Mines’ website, CLICK HERE
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