| Malbex Resources Inc. Completes the Transfer of Its Interest in the Del Carmen Project to Barrick Gold Corporation | |
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TORONTO, ONTARIO--(Marketwired - Apr 6, 2015) - Malbex Resources Inc. ("Malbex") (TSX VENTURE:MBG) is pleased to announce that it has completed the previously announced transfer of its remaining interest in the Del Carmen project in San Juan Province, Argentina (the "Del Carmen Project") to a subsidiary of Barrick Gold Corporation ("Barrick") for consideration of US$4,750,000 and a 0.5% net smelter royalty on the Del Carmen Project (the "Del Carmen Transfer"). The Del Carmen Transfer was completed by Malbex transferring its 95% indirect interest in the entity which holds the exploration agreement covering the Del Carmen Project (the "Joint Venture Company") to a wholly-owned subsidiary of Barrick. As a result of the completion of the Del Carmen Transfer, the Joint Venture Company is now 100% controlled by Barrick and the shareholders' agreement governing the Joint Venture Company has been terminated. The TSX Venture Exchange issued its final acceptance and approval of the Del Carmen Transfer on March 25, 2015. Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
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Malbex Resources
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CODE : MBG.V |
ISIN : CA56108E1025 |
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Malbex is a exploration company based in Canada. Malbex is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 5.6 millions as of today (US$ 4.5 millions, € 3.7 millions). Its stock quote reached its highest recent level on February 25, 2011 at CA$ 9.80, and its lowest recent point on January 01, 2016 at CA$ 0.03. Malbex has 14 654 730 shares outstanding. |