danke Mathou ..
Largo Resources' Compania Minera Minchoa acquisition
Largo Resources Ltd (C:LGO)
Shares Issued 90,676,677
Last Close 7/10/2007 $0.80
Wednesday July 11 2007 - Acquisition
Further to the TSX Venture Exchange bulletin dated Feb. 17, 2004, the TSX Venture Exchange has accepted for filing documentation pertaining to a letter agreement dated Jan. 19, 2004, between Largo Resources Ltd., and Forbes & Manhattan Inc., whereby the company has assumed all the rights and obligations held by the vendor. Prior to the Jan. 19, 2004, agreement, the vendor had entered into a letter agreement dated Oct. 22, 2003, with Gribipe, whereby the vendor had the option to acquire a 51-per-cent interest in Compania Minera Minchoa S.A. (Minchoa), an Ecuadorian company. Pursuant to the two agreements, the company currently has the option to acquire the remaining 49-per-cent interest (for a total of 100-per-cent interest) from Gribipe.
In order to acquire the remaining 49-per-cent interest, the company will make a $1-million (U.S.) cash payment and issue $500,000 (U.S.) worth of shares of the company to Gribipe.
For further information, please refer to the company's press release dated Feb. 12, 2004, and July 9, 2007.
Largo Resources' Compania Minera Minchoa acquisition
Largo Resources Ltd (C:LGO)
Shares Issued 90,676,677
Last Close 7/10/2007 $0.80
Wednesday July 11 2007 - Acquisition
Further to the TSX Venture Exchange bulletin dated Feb. 17, 2004, the TSX Venture Exchange has accepted for filing documentation pertaining to a letter agreement dated Jan. 19, 2004, between Largo Resources Ltd., and Forbes & Manhattan Inc., whereby the company has assumed all the rights and obligations held by the vendor. Prior to the Jan. 19, 2004, agreement, the vendor had entered into a letter agreement dated Oct. 22, 2003, with Gribipe, whereby the vendor had the option to acquire a 51-per-cent interest in Compania Minera Minchoa S.A. (Minchoa), an Ecuadorian company. Pursuant to the two agreements, the company currently has the option to acquire the remaining 49-per-cent interest (for a total of 100-per-cent interest) from Gribipe.
In order to acquire the remaining 49-per-cent interest, the company will make a $1-million (U.S.) cash payment and issue $500,000 (U.S.) worth of shares of the company to Gribipe.
For further information, please refer to the company's press release dated Feb. 12, 2004, and July 9, 2007.