Soma Gold (OTCQX:SMAGF) to acquire 100% of the rights derived from the 1,051-hectare Concession Mining Contract No. KB5-15371, located in Cáceres, Colombia, together with all associated mining assets, operational, mining and environmental permits, equipment and data, inventory, administrative assets, and more.
The agreement is subject only to final legal due diligence and is expected to close in the coming weeks.
The La Escondida Mine is a legal small-scale operation with a full set of permits, including a PTO, environmental, and explosives permit.