Bridgeport acquires Rosario copper-gold property in Chile

Posted In: Materials

By The Associated Press

Wednesday, November 11, 2009


newsvine diigo google
slashdot
Share
Loading...

Bridgeport Ventures Inc. (TSXV:BPV), a junior Toronto miner, says it has closed a deal to acquire Rio Condor Resources S.A., a private Chilean company that owns the rights to the Rosario copper-gold property in Chile.

Under terms of the agreement, announced Wednesday, Bridgeport will issue 1.2 million common shares, and pay US$2,000 to acquire Rio Condor.

Bridgeport will also assume Rio Condor's obligation to pay US$10.4 million over four years to acquire a 100 per cent stake in the Rosario and Tamara I properties.

In another development, Bridgeport also announced a non-brokered private placement to raise a minimum of C$5 million and a maximum of C$11 million.

0 Comments

blog comments powered by Disqus

New To Market

more

JEOL to launch world's smallest solid-state NMR probe
JEOL to launch world's smallest solid-state NMR probe

According to JEOL Resonance, a new benchmark for resolution and benchmark will be set with its introduction next week of a new 0.75-mm solid state nuclear magnetic resonance (NMR) probe. The probe is capable of high resolution sample analysis by spinning the sample at 110 kHz, the world's fastest spinning speed for NMR.

Energy Harvesting Subsystems for Wireless Sensors

Nextreme Thermal Solutions has developed two new energy harvesting subsystems for the plumbing and HVAC industries. The subsystems are the latest additions to Nextreme's Thermobility energy harvesting platform that uses thin-film thermoelectric technology to convert available thermal energy into electric power for a variety of autonomous self-powered applications.

Tools & Technology

more

Microscope System with LED Illumination
Microscope System with LED Illumination

Leica Microsystems has introduced the Leica DM4000 B LED, a microscope system with LED illumination suited for biomedical applications.

Liquid Handler

Gilson Inc. has introduced the GX-241 liquid handler, a compact liquid handler suited for application and laboratories where bench space is at a premium.

Advertisement

Advertisement

Top Stories and Headlines
EVERY DAY!

FREE Email Newsletter