Eurasian Minerals Inc. (TSX-V: EMX) has signed an agreement to acquire Bronco Creek Exploration Inc. Bronco has a portfolio of gold and copper properties in the mining districts of Nevada, Wyoming, and Arizona. The majority Bronco's properties are being explored and funded under joint venture, lease/option, and exploration alliance agreements. Upon completion of the agreement Bronco will become a wholly-owned unit of Eurasian Minerals.
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Eurasian will issue 2,127,790 units in exchange for 100% of Bronco's outstanding shares. Each unit will consist of one common share in Eurasian and one-half of a non transferable common share purchase warrant. Each full warrant will entitle Bronco shareholders to purchase an additional Eurasian share for two years following the close of the transaction at the purchase price of Cdn$2.00 per share.
About Eurasian Minerals Inc.
Eurasian Minerals Inc. (EMX) is a mineral exploration company engaged in the acquisition and exploration of precious and base metals projects. It conducts exploration on properties located primarily in Turkey, the Kyrgyz Republic and Eastern Europe. As of March 31, 2009, EMX had 33 exploration licenses covering 61,299 hectares that are located primarily in the Western Anatolia or the Eastern Pontides mineral belts of Turkey. The properties include bulk tonnage gold, high-grade gold-silver vein, and porphyry copper targets. In April 2008, EMX signed agreements with Newmont Ventures Limited to conduct exploration in the Republic of Haiti. The Company has two active exploration licenses in the Kyrgyz Republic. The Company has one exploration license and two prospecting permits in Romania. On December 23, 2008, the Company signed an option and joint venture agreement on the Akarca, Samli, and Elmali properties in Turkey with a subsidiary Centerra Gold Inc.
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