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Sunday, February 19, 2023 12:51:33 PM
The Mineral Company Ltd. (f/k/a INDO Global Exchange(s) Ltd.) has acquired a 50,000 SQM (or 538,196 sq. ft.), located in Jumilla, Spain for a total of EUR300,000.00 plus approximately an 11% tax assessment. Remarkably, the property is worth UR980M as shown by the independent appraisal performed by “Arquitasa” (Sociedad de Tasación), which has been homologated by “Banco de España.” (See exhibits in 8K). The transaction was financed by the Seller, in a 7-year term loan at 2% per annum, guaranteed by one of Igex Preferred Shareholder. The Source of repayment will from revenues generated.
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