Brionor Grants Consent to Atala for Acquisition of AuEX Argentina S.A. from Renaissance Gold Inc. and Agrees to Renegotiate A...
30 October 2013 - 6:50AM
Marketwired Canada
Brionor Resources Inc. (TSX VENTURE:BNR) ("Brionor" or the "Company") announces
that it has granted its consent to Atala Resources Corp. ("Atala") to enter into
an agreement ("LOI") with Renaissance Gold Inc. ("RenGold") to acquire a 100%
interest in AuEX Argentina S.A., a wholly owned subsidiary of RenGold, in
exchange for cash, stock, and a retained royalty interest. (for greater details,
please see RenGold's press release dated today October 29, 2013). This
acquisition significantly expands the project portfolio to be acquired by Atala,
from what was originally contemplated in an Earn-in Agreement negotiated between
Atala and RenGold in 2012, and is the foundation of the transaction as
contemplated between Brionor and Atala. As such Brionor and Atala are
renegotiating the terms of the previously announced acquisition of Atala (the
"Acquisition" - see Brionor press release dated February 20, 2013 for details)
and will provide an update once revised commercial terms have been agreed to.
Brionor is a junior mining exploration company with a portfolio of exploration
projects in Quebec.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Brionor Resources Inc.
Lewis Lawrick
President & CEO
647-478-5307
Brionor Resources Inc.
Robert Ayotte
Executive Chairman
450-441-9177
info@brionor.com
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