Brief: Prospero secures C$1.5 mln strategic investment from Fortuna Silver Mines

Keon Capital

17/04/2017 14:30

April 17 (Reuters) - Prospero Silver Corp  PSL.V : 
    * Prospero secures c$1.5-million strategic investment from 
Fortuna Silver Mines 
    * Prospero Silver Corp- Fortuna will purchase 5.4 million 
units at C$0.28 per unit 
    * Prospero Silver - will allocate c$1.2 million to drill 
testing selected projects and c$300k will be allocated towards 
co's generative efforts in Mexico 
    * Prospero Silver-Fortuna will have right to select one of 
projects within 18 months from signing of definitive agreement 
to joint venture with prospero 
    * Prospero Silver- Fortuna's right to select projects gives 
it potential to earn 70% interest by spending us$8 million over 
6 years 
    * Prospero Silver Corp- intend to begin drill testing at 
Petate, Matorral and Pachuca se projects as rapidly as possible 
 
Source text for Eikon:  ID:nCCNbQNLBl  
Further company coverage:  PSL.V  
 
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