- Aftermath Silver (AAG) announced the company has finalized its acquisition of the final 20 per cent interest in Minera Cachinal
- Minera Cachinal is the Chilean holding company for the Cachinal gold-silver project
- The company purchased the remaining interest from SSR Mining Inc
- The Cachinal Project is located in Chile’s Antofagasta region
- Aftermath Silver is down 3.51 per cent, trading at C$0.55 at 11:12 am ET
Aftermath Silver (AAG) announced the company has finalized its acquisition of the final 20 per cent interest in Minera Cachinal.
Minera Cachinal is the Chilean holding company for the Cachinal gold-silver project.
The company purchased the remaining interest from SSR Mining Inc.
Aftermath and SSR previously signed a purchase agreement covering Aftermath’s acquisition of SSR’s 20 per cent interest in the Cachinal Project for a total consideration of C$700,000.
Aftermath Silver now owns 100 per cent of the shares of Minera Cachinal, minus one share which will remain held by Aftermath’s Chilean legal counsel, as per Chilean business law requirements.
“We’re pleased to finalise this transaction and secure Aftermath’s ownership of Cachinal. I’d like to thank our Chilean legal counsel for helping to expedite this transaction despite challenges poised by COVID protocols. We can now advance our exploration and development plans which we will be announcing shortly,” said Aftermath Executive Chairman Michael Williams.
The Cachinal Project is located in Chile’s Antofagasta region in a nearly flat plain at an elevation of around 2,700 metres above sea level, 16 kilometres north of Austral Gold’s Guanaco gold-silver mine.
Aftermath Silver is a Canadian junior exploration company focused on silver, and aims to deliver shareholder value through the discovery, acquisition and development of quality silver projects in stable jurisdictions. Aftermath has developed a pipeline of projects at various stages of advancement. The company’s projects have been selected based on growth and development potential.
Aftermath Silver is down 3.51 per cent, trading at C$0.55 at 11:12 am ET.