Cayden Acquires Option to Buy-Out Morelos Sur Gold Concession Royalties
Cayden Resources Inc. is pleased to announce that it has acquired an option to buy out the royalties on its Reduccion Morelos Sur and Tenantla claims as part of a planned sub-division of the concessions into separate concession areas. These areas together comprise the wholly owned Morelos Sur property. Cayden’s Mexican subsidiary will be applying to divide these concessions into three new parcels consequent upon an amending agreement signed yesterday with Industrial Minera Mexico, S.A de C.V. and a Grupo Mexico subsidiary. The buy-out option was acquired as part of the amending agreement.