John Miniotis, President and CEO of AbraSilver Resource Corp (TSX.V:ABRA – OTCQX:ABBRF), joins us to outline the key news this week of a strategic C$20 million non-brokered private placement of AbraSilver common shares with major gold producer Kinross Gold Corporation (NYSE: KGC) (TSX: K) and major utility company and affiliate of Central Puerto SA (NYSE: CEPU) at a subscription price of C$0.40 per Common Share. Upon closing of the Private Placement, Kinross and Central Puerto will each own approximately 4.0% of the outstanding Common Shares on an undiluted basis.
As part of this strategic investment, there is also the creation of an Investor Rights Agreement with Kinross, where AbraSilver and Kinross will form a regional partnership to jointly explore for and acquire new projects in Argentina focused on silver, gold, and copper. John pointed out that there is also going to be an exchange of expertise and specialized knowledge where AbraSilver will enter into an Investor Rights Agreement with each of Kinross and Central Puerto that includes, among other things, standard anti-dilution and equity participation rights and the formation of a Technical Advisory Committee and a Strategic & Operational Committee.
Through this transaction, AbraSilver will be well-funded for a dual strategy to aggressively advance its wholly-owned Diablillos project in Salta Province, Argentina project towards a production decision and to accelerate their exploration efforts moving forward. John shares some of the initiatives the Company will pursuing by further exploring the JAC North, Alpaca, Fantasma, and Ladera targets, along with going after larger step out discovery targets north of the Oculto. We also review the improving attitudes to mining in country over the last few years and the benefit of the project being in the mining friendly province of Salta in Argentina.
If you have any follow up questions for John regarding at AbraSilver, then please email us at Fleck@kereport.com or Shad@kereport.com.
Click here to visit the AbraSilver website and read over the most recent news releases.
Peter Krauth – Pro Tips On Stacking Silver And Investing In Silver Stocks As They Break Out
Jeff Christian - Silver Volatility, Short Squeeze, And Price Forecasts
Surge Copper – Exploration And Development Update At The Copper-Moly-Silver-Gold Berg Project
Kenorland Minerals - Strategic Investment From Centerra Gold, Major Exploration Plans Through 2025
ATEX Resources - Valeriano Project, In Chile, Large Copper-Gold Resource, Drilling/Growth Plans Through 2025
Granite Creek Copper – Reviewing The Economics, Metallurgical Derisking Work, And 2024 Drill Program At The Carmacks Project
Jordan Roy-Byrne – This Silver Breakout Can Run Red Hot And Stay Overbought
Chen Lin - Silver To $50 In June, How Chen Is Playing This Call
Vizsla Silver - Napoleon and La Luisa Drill Results, Upcoming PEA, and Royalty Spin-Out
Stillwater Critical Minerals – Reviewing The First Tranche Of 2023 Drill Results From Stillwater West
Dave Erfle - From 10 Baggers to 2 Baggers, What To Watch For In Junior Mining Stocks
Fury Gold Mines - Webinar Replay - Eau Claire Updated Resource, Exploration/Growth Outlook, Valuation Breakdown
Erik Wetterling - Alpha Exploration, Brixton Metals, Homerun Resources
District Metals - New Uranium Licenses and Future Plans In Sweden
Aztec Minerals - New Exploration & Drilling Targets To The West Of Historic Mining, Tombstone Project
West Red Lake Gold – Gwen Preston Outlines Her New Role As VP Of IR And The Larger Vision Of Moving The Madsen Mine From Development Back Into Production
Weekend Show - Joe Mazumdar & Dan Steffens - Investing Opportunities In Metals and Energy Stocks
Joel Elconin - Navigating Volatility: Nvidia, Commodities, and Bitcoin
Avino Silver and Gold – Recapping Q1 2024 Financials and Operations, Looking Ahead To 5-Year Production Growth Plan
Marc Chandler - Global Financial Overview: Fed Policies, Currency Dynamics, and Commodities
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast