Plexmar Resources Inc.: Final Contracts Signed With Ucucha
Plexmar Resources Inc. (TSX VENTURE: PLE) is pleased to report that it has signed, through its subsidiary, final contracts with Minera Ucucha S.A.C. As detailed in press release dated November 10, 2008, Ucucha has been awarded the exclusive commercialization and production rights for the top 100 meters on all the concessions part of the Bolsa del Diablo project. In return, Plexmar receives a 10% royalty from all mineral extracted and commercialized from its concessions and Ucucha obtains all necessary authorizations from the local communities to allow free and undisturbed exploration for the duration of the agreement.
- Published: 16 January 2009
- Written by Editor