Green Shift sells Argentine mineral project to Myriad Uranium Corp.
The latest in this situation
How it started
What happened
Green Shift Commodities Ltd. entered a definitive share purchase agreement with Myriad Uranium Corp. to acquire all issued and outstanding shares of Buenavida Metales S.A. This subsidiary is the owner of the Los Altares Project in Central Chubut Province, Argentina. Under the agreement, Green Shift received C$300,000 in cash, C$700,000 in Myriad common shares, and a 2% net smelter returns royalty on the project.
From manilatimes.net
Why it matters
The transaction allows Green Shift to monetize its Los Altares asset while retaining future exposure through a royalty and an equity interest in Myriad Uranium Corp. This transfer changes the ownership structure of a major resource project located in Argentina.
From manilatimes.net
Who's involved
- ArgentinaThe country where the Los Altares Project is located.
- Los AltaresThe mineral project whose ownership is being transferred.
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.
- ArgentinaSpeculative
Argentina might experience the ownership transfer of a major resource project to a new foreign entity.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.How it developed
Newest first. Tap a step to see who reported it.- Vancouver-based Myriad Uranium Corp. acquired an Argentine mineral project.Sub-event
Green Shift gains shares/royalty for Los Altares Project in Argentina.1 source
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The entities involved
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Argentina
country in South America
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Los Altares
rural commune in Chubut, Argentina