Platauro Metals Amends Option Agreement for Utah Mining Claim
What happened
Platauro Metals Corp. announced acceptance from the TSX Venture Exchange of an amendment to an option agreement concerning the Star property, a mining claim located in Beaver County, Utah. Under the revised agreement, the company and its subsidiary, Alcon Silver Corp., agreed to change the balance of cash payments, share issuances, and expenditure commitments. As part of this amendment, Platauro issued 500,000 common shares to Western Property Holdings, LLC at a deemed price of $0.20 per Share.
From finanznachrichten.de
Why it matters
The amendment alters the financial terms and remaining commitments tied to the acquisition of the Star property. The issuance of common shares to Western Property Holdings, LLC changes the capital structure of Platauro Metals Corp. in relation to its mining assets in Beaver County, Utah.
From finanznachrichten.de
Who's involved
- Beaver CountyLocation of the mining claim
- UtahState where the mining claim is located
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- UtahSpeculative
The mining operations in Utah might see changes in future capital investment or resource supply.
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The entities involved
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Beaver County
county in southwestern Utah, United States
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Utah
state of the United States of America
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