Eco Oro Finalizes Sale of Two Mining Titles to Minesa in Santander

Canadian mining company Eco Oro Minerals Corp. (CSE: EOM) has finalized the sale of two titles in the Colombian department of Santander to Sociedad Minera de Santander S.A.S. (Minesa).

Photo: An operational mining venture of Minesa in Colombia. (Credit: Minesa)

The $5 million USD deal includes two mining titles the Vancouver-based company refers to as “mineral claim 0127-68” and “mineral claim resulting from claim 13921.” The firm added that the sale includes “technical information and ancillary assets relating to the mining licenses, closed in escrow.”

Eco Oro stipulated in a statement that “these titles are unrelated to Eco Oro’s Angostura Project and Concession 3452, which are the subject of Eco Oro’s ongoing arbitration against the Republic of Colombia and in relation to which Minesa has acquired no interest.”

The deal, which was finalization on September 13, dates back an asset purchase announced earlier this summer on July 6 that had been awaiting regulatory approval.