|Delayed - 03/05 03:55:04 pm|
EMX Royalty : Eurasian Minerals Inc. Continues Relief Efforts in Haiti and Announces Grand Bois Property Payment
|02/23/2021 | 02:48pm|
January 20, 2010Vancouver, British Columbia, January 20, 2010 (TSX Venture: EMX) - Eurasian Minerals Inc. (the 'Company or 'EMX') announces that given the recent devastating earthquake, EMX and joint venture partner Newmont Ventures Limited ('Newmont'), a wholly owned subsidiary of Newmont Mining Corporation, are temporarily suspending exploration activities in Haiti to focus in-country resources and staff on directly assisting the relief efforts currently underway. The Company expresses the deepest sympathy for all those affected by the earthquake, as well as continued support for our Haitian staff and their families and communities.
EMX is committed to playing a key role in the development of Haiti's mineral sector as the country rebuilds, and announces it has made the first anniversary payment to Société Minière Citadelle, S.A. ('Citadelle') as a requirement to acquire 100% interest in the Grand Bois gold-copper property. The payment totals US$1,000,000 as a combination of US$250,000 in cash and the issuance 338,877 common shares of EMX pursuant to the terms of the purchase agreement. The share issuance has been approved by the TSX Venture Exchange, and is subject to a regulatory hold period until May 20, 2010. The Grand Bois payment is a significant investment that is indicative of the Company's long term commitment to the country of Haiti. For additional details on the terms of the agreement please refer to the January 26, 2009 press release on the Company's website,www.eurasianminerals.com. Grand Bois is a Designated Project with joint venture partner Newmont.
For further information contact:
David M. Cole
President and Chief Executive Officer
Phone: (303) 979-6666
Kim C. Casswell
Phone: (604) 688-6390
Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Eurasian Minerals Inc. Actual results may differ materially from those currently anticipated in such statements.
EMX Royalty Corporation published this content on 23 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 February 2021 19:47:01 UTC.