on Bird River Resources Inc. (isin : CA0908231057)
Bird River Resources Inc. to Acquire Mining Rights in Mexico
Bird River Resources Inc., through its subsidiary Cotton Mining & Processing, S.A. de C.V., has entered an agreement to acquire a 100% interest in mining concessions in Mexico. The deal, established with Ingenieros Mineros, S.A. de C.V., encompasses the mining site known as "El Dorado."
The agreement requires Cotton to pay a total of USD$145,000 in a series of phases. Initial payments of USD$22,500 are due immediately, followed by three tranches of USD$25,000, tied to both temporal and specific conditions. An additional USD$22,500 will be paid upon ore production commencement. Extra bonuses are linked to production achievements.
A net smelter royalty of 1% will be granted to an independent finder, with a buyback option priced at USD$1,000,000. Completion is contingent on corporate and regulatory approvals.
R. P.
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