- Fabled Silver Gold (FCO) has amended the payment schedule with Golden Minerals for the acquisition of the Santa Maria Property in Mexico
- The final payment of US$2,000,000 previously due on December 4, 2022 will be paid in installments
- As consideration for the amendment Fabled will issue US$75,000 of shares to Golden Minerals
- Fabled Silver Gold is focused on acquiring, exploring and operating precious metal properties in Mexico with blue-sky exploration potential
- Fabled Silver Gold (FCO) opened trading at C$0.08 per share
Fabled Silver Gold (FCO) has amended the payment schedule with Golden Minerals for the acquisition of the Santa Maria Property in Mexico.
The final payment of US$2,000,000 previously due on December 4, 2022, will be paid as follows:
| December 4, 2022 | $1,000,000 |
| March 31, 2023 | $250,000 |
| June 30, 2023 | $250,000 |
| September 30, 2023 | $250,000 |
| December 31, 2023 | $250,000 |
As consideration for the amendment Fabled will issue US$75,000 of shares to Golden Minerals.
Peter Hawley, President and CEO of Fabled commented on the amendment.
“We thank Golden Minerals for their co-operation in the amendment of our option agreement for the Santa Maria Project. At a difficult time for the markets, this amendment will free up working capital to devote to further defining and exploring the Santa Maria Project over the next year.”
The terms of the amendment remain subject to the final approval of the TSXV.
Fabled Silver Gold is focused on acquiring, exploring and operating precious metal properties in Mexico with blue-sky exploration potential.
Fabled Silver Gold (FCO) opened trading at C$0.08 per share.
