Iamgold (T.IMG) can earn 70% stake in Solvista's (V.SVV) Colombia project

Stockhouse Editorial
0 Comments| December 18, 2013


Solvista Gold Corp. (TSX: V.SVV, Stock Forum) said Wednesday it has struck a deal with Iamgold Corp. (TSX: T.IMGStock Forum) that sets out the major terms of a 70% earn-in option agreement, subject to regulatory approval.

Under the deal Iamgold can earn a 70% stake in Solvista’s Caramanta project in Colombia, Solvista said in a press release.
Iamgold would have to spend US$36 million to exercise the option, Solvista said in a press release.

Solvista was unchanged at
 


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