Strongbow Exploration Inc. (TSX-V: SBW) (“Strongbow”) is pleased to announce that it has completed the acquisition, from administration, of a 100% interest in the South Crofty Tin Project and associated mineral rights in Cornwall, UK, as previously announced on March 17, 2016.HighlightsRichard Williams, President & CEO of Strongbow stated:”We are extremely pleased to have concluded this agreement, and look forward to moving the South Crofty Project to completion a PEA and, if successful, through a feasibility study towards a production decision in collaboration with all stakeholders in this historic tin mining district. This represents a significant step towards our goal of creating a new strategic metals company with Osisko Gold Royalties as a cornerstone shareholder.”The Acquisition In March 2016, Strongbow entered into an agreement with Galena Special Situations Fund (the only secured creditor) (“Galena”), and Tin Shield Production Ltd. (a private company) (“Tin Shield”) to acquire a 100% interest in the Companies and the South Crofty tin project. After closing of the acquisition on July 11, 2016, Strongbow now owns a 100% interest in Western United Mines Ltd. (“WUML”) and Cornish Minerals L
Strongbow Exploration Inc. – News Releases – Strongbow Completes Acquisition of South Crofty Tin Project, Cornwall, Uk – Wed Jul 13, 2016
- roger
- July 13, 2016
- 12:08 pm
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Author: Roger Wedlake
Responsible for Renewable Energy Projects and Ground Stabilisation.
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Blog Author: Roger Wedlake
Responsible for Renewable Energy Projects and Ground Stabilisation.