McEwen Mining Inc (MUX)

[JD400]

Silver Mountain Mines Executes Definitive Agreement with Nevgold To Create A Strong Diversified Exploration and Development Company
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February 23, 2021 14:07 ET | Source: Silver Mountain Mines

CALGARY, Alberta, Feb. 23, 2021 (GLOBE NEWSWIRE) -- Silver Mountain Mines Inc. (TSXV: “SMM”) (“Silver Mountain” or the “Company”) announces that further to its news release dated January 19, 2021 in connection with signing a Letter of Intent (the “LOI”), it has executed a binding Definitive Agreement (the “Agreement”) dated February 17, 2021 with Nevgold Corp. (“Nevgold”) with respect to a proposed transaction (the “Proposed Transaction”) whereby Silver Mountain will acquire all of the issued and outstanding common shares in the capital of Nevgold (the “Nevgold Shares”). Nevgold is a private British Columbia company which holds the right to acquire the Limousine Butte and Cedar Wash Projects in Nevada (the “Properties”) from McEwen Mining Inc. (NYSE: “MUX”, TSX: “MUX”) (“McEwen”).

Just some news out of the camp

FWIW


https://www.globenewswire.com/news-release/2021/02/23/2180854/0/en/Silver-Mountain-Mines-Executes-Definitive-Agreement-with-Nevgold-To-Create-A-Strong-Diversified-Exploration-and-Development-Company.html?utm_campaign=cityfalcon&utm_medium=cityfalcon&utm_s
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