Canasil Signs Definitive Agreement Providing for Pan American to Acquire Canasil’s Interest in the Sandra-Escobar Project and Closes Transaction for CDN $2 Million and 2% NSR Interest
Canasil CEO, Bahman Yamini, commented: ‘We are pleased to have concluded the sale of Canasil’s interest in Sandra-Escobar to Pan American. This arrangement provides significant non-dilutive funding to maintain and advance our project portfolio, which includes drill ready high grade silver-gold-base metal projects in Mexico and prospective gold-copper exploration projects in British Columbia, Canada. In addition to the cash payment Canasil will retain exposure to the upside potential of the Sandra-Escobar project through the retained NSR Interest.’