Esperanza Resources Corp. has entered into a binding letter agreement with Pan American Silver whereby:
Esperanza will acquire a portfolio of advanced stage gold projects including the La Bolsa project in Mexico, the Pico Machay project in Peru, the Calcatreu project in Argentina and related exploration properties from Pan American for consideration of 50,900,000 common shares and 10,000,000 warrants of Esperanza (the "Acquisition");
Pan American will subscribe for 20,600,000 Common Shares of Esperanza at a price of $1.70 per Common Share representing a premium of 29% to the 20-day volume weighted average share price on the TSX Venture Exchange and a 48% premium to the closing price on February 22, 2013 (the "Offering");
Esperanza and Pan American have committed to enter into a $15,000,000 standby convertible credit facility (the "Standby Facility" and, collectively with the Acquisition and the Offering, the "Transaction").

tijd 16.29
TSX Comp TSX Venture NASDAQ S&P 500
12829.98 +128.351 1149.73 +5.05 3173.15 +11.33 1517.88 +2.28
Nog geen handel vorige prijs was C$ 1,15
Notering geschorst.

Notering hervat om 10.30
ESPERANZA RESOURCES CORP. n/a n/a
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