Cerro Grande Mining Corporation Announces Extension to Date for Payment of Last Installment of Purchase Price under APA
TORONTO, Dec. 08, 2023 (GLOBE NEWSWIRE) — Cerro Grande Mining Corporation (the “Company” or “CEG”) (CSE:CEG) announces that the Asset Purchase and Contracts Assignment Agreement (the “APA”) dated December 1, 2020 entered into between Minera Tamidak Limitada (“Tamidak”) and the Company’s wholly-owned subsidiary Minera Til Til SpA (“Til Til”) pursuant to which Til Til acquired from Tamidak the mining concessions and other assets covering the Pimentón Copper Gold Mining Project as originally reported in the Company’s news release dated December 1, 2020 has been amended such that the date for the third and final installment payment of the Purchase Price (as defined below) under the APA due on December 1, 2023 has been extended to June 1, 2024.
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