NexGen Mining Announces Extension to Letter of Intent to Acquire Electrum Copper Corp.
NexGen Mining Incorporated (OTCPK:NXGM) has signed an extension to its non-binding letter of intent to acquire Electrum Copper Corp., an exploration and development company, for shares of NXGM. Electrum is known for the Candela and Don Indio Projects in Mexico. The parties aim to finalize definitive agreements by April 30, 2022. The transaction’s structure and timing will comply with relevant corporate, securities, and tax regulations. The letter remains non-binding and subject to due diligence and negotiation of terms.
- Acquisition could enhance NXGM's portfolio with Electrum's Candela and Don Indio Projects.
- Potential expansion into the Mexican mining sector.
- The transaction is non-binding and dependent on future negotiations and due diligence.
- No immediate financial metrics or synergies are disclosed.
The structure of the transaction, and the timing of the closing of the transaction, will be based on considerations relating to matters of applicable corporate, securities, tax and other applicable laws and regulations. The letter of intent is non-binding and the transaction is subject to due diligence, the negotiation of definitive terms and other conditions.
Forward-Looking Statements
Except for the historical information contained herein, certain matters discussed in this press release are forward-looking statements which involve risks and uncertainties. These forward-looking statements are based on expectations and assumptions as of the date of this press release and are subject to numerous risks and uncertainties which could cause actual results to differ materially from those described in the forward- looking statements. Forward-looking statements can be identified by, among other things, the use of forward-looking language, such as the words "plan," "believe," "expect," "anticipate," "intend," "estimate," "project," "may," "will," "would," "could," "should," "seeks," or "scheduled to," or other similar words, or the negative of these terms or other variations of these terms or comparable or similar language, or by discussion of strategy or intentions. The Company does not intend to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws.
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President & CEO, 775.461.2545
marc@nxgminc.com
www.nxgminc.com
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FAQ
What is the purpose of NexGen Mining's acquisition of Electrum Copper Corp?
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What are the Candela and Don Indio Projects?
Is the agreement to acquire Electrum binding?