Newstrike Capital (TSX-V: NES.H) has entered a definitive share purchase agreement for the acquisition of 21.2% of the Morelos Project from Desarrollos Mineros San Luis, S.A. de C.V. (DMSL). DMSL is a wholly owned subsidiary of Goldcorp Inc. (TSX: G) (NYSE: GG). Newstrike will acquire the interest in the project for no less than $52 million comprised of $44.5 million in cash and 15 million common share in Newstrike.
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About Newstrike (TSX VENTURE:NES.H)
Newstrike Capital Inc. is a gold-silver focused explorer, targeting known and historic mining districts in Mexico. Current management and directors co-discovered Goldcorp's and Teck's significant discoveries in Guerrero Gold Belt in Guerrero State, currently in advanced stages of exploration and production.
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