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Saturday, December 01, 2012 11:44:56 AM
" The Cinco Minas Project momentum was unexpectedly interrupted by the unfortunate need to enter into litigation with its JV partner Minera San Jorge SA de CV (MSJ)" http://www.banderagold.com/investors/
"By partnering with an experienced mining and mineral exploration entity, the Company?s core focus will be the continued exploration and advancement of the Cinco Minas property in Mexico to production, exploration of the Gran Cabrera property in Mexico and the exploration of the Belmira property in Colombia." http://www.banderagold.com/news/news_article.asp?archived=1&id=28
" BANDERA SIGNS OPTION TO ACQUIRE 60% INTEREST IN CINCO MINAS AND GRAN CABRERA
Bandera Gold Ltd. (?Bandera?) announced today that it has signed an Option Agreement with Minera San Jorge, S.A. de C.V. (?MSJ?) to acquire a 60% interest in the Cinco Minas and and Gran Cabrera Mexican mining properties (the ?Properties?) by making option payments of $300,000, issuing 2,800,000 common shares of Bandera to MSJ and providing financing of $7,600,000 to MSJ over a five year period for the exploration and development of the Properties"
"MSJ will retain a 2.0% Net Smelter Return on the Properties. Bandera has the right to purchase the remaining 40% interest in the Properties anytime within one year after Bandera has earned its 60% interest in the Properties by paying to MSJ 40% of the NPV of the Properties as defined in the Option Agreement by a 20% cash payment and the remaining 20% in cash and/or common shares at Bandera?s sole discretion." http://www.banderagold.com/news/news_article.asp?archived=1&id=13
" UPDATE OF LEGAL PROCEEDINGS RELATING TO BANDERA?S DISPUTE WITH MINERA SAN JORGE AND GEORGE S. BARNET" http://www.banderagold.com/news/news_article.asp?archived=1&id=52
"BANDERA IN DISPUTE WITH OPTIONOR" http://www.banderagold.com/news/news_article.asp?archived=1&id=49
" BANDERA PROVIDES ADDITIONAL INFORMATION ON PROPERTY DISPUTE
Further to our news release issued Friday, January 4th, 2008, Bandera Gold Limited ("BGL") wishes to advise shareholders further regarding the November 15, 2005 option agreement with Minera San Jorge, S.A. de C.V. (?MSJ?) to acquire a 60% interest in the Cinco Minas and Gran Cabrera Mexican mining properties (the ?Properties?) and how BGL proposes to deal with that situation." http://www.banderagold.com/news/news_article.asp?archived=1&id=50
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