Unico Silver Unit Signs Exploration Agreement With Option to Acquire Argentina Project; Shares Down 14%
MT Newswires Live
Sep 24
Unico Silver's (ASX:USL) Unico Silver Argentina subsidiary signed an exploration agreement with Victory Gold, with an option to purchase the Cerro La Mata project for $1.1 million, according to a Thursday filing with the Australian bourse.
The agreement grants the company exclusive tenure, access and exploration rights over the property for four years, with the option to acquire the 12 mining properties that comprise Cerro La Mata, which is located east of its Joaquin project, the filing said.
Unico Silver shares fell 14% in midday trade Thursday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.