BRIEF

on Bird River Resources Inc. (isin : CA0908231057)

Bird River Resources Acquires Mining Rights in Mexico

Bird River Resources Inc. has announced a share purchase agreement to acquire two gold projects in Mexico's San Miguel region. The agreement involves acquiring all shares of Mexico HoldCo, a subsidiary of a Delaware-based corporation. This acquisition grants Bird River 100% interest in mineral properties totaling 119 hectares.

The transaction entails a cash payment of $200,000 and the issuance of 3,125,000 common shares. Additionally, a 2% net smelter royalty will be granted to the seller, with an option for Bird River to repurchase half of the royalty for $1,000,000.

To support the acquisition, Bird River plans a private placement of common shares, aiming to raise at least $400,000. The funds will cover transaction expenses and development costs for the acquired properties. The transaction, subject to regulatory approvals, reflects Bird River's growth strategy in the resource sector.

R. P.

Copyright © 2025 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all Bird River Resources Inc. news