Brief: Hochschild Mining Says Option To Acquire Monte Do Carmo Project, Brazil

Cerrado Gold

05/03/2024 07:40

March 5 (Reuters) - Hochschild Mining PLC  HOCM.L :
    * OPTION TO ACQUIRE MONTE DO CARMO PROJECT, BRAZIL
    * SUBSIDIARY, AMARILLO MINERAÇÃO DO BRASIL LTDA. ENTERED
INTO AN
OPTION AGREEMENT AND CERTAIN ANCILLARY AGREEMENTS WITH CERRADO
GOLD INC.
    * CERRADO HAS GRANTED AMARILLO MINERAÇÃO OPTION TO ACQUIRE A
100%
INTEREST IN CERRADO'S MONTE DO CARMO PROJECT
    * IN CONSIDERATION AMARILLO MINERAÇÃO AGREED TO ADVANCE TO
CERRADO
AN AMOUNT EQUAL TO $15 MILLION BY WAY OF 10% INTEREST-BEARING
SECURED LOAN

Source text for Eikon:  ID:nRSE6097Fa 
Further company coverage:  HOCM.L 

 ((Reuters.Briefs@thomsonreuters.com;))