Affinity Gold Corp (OTCPK:AFYG) entered into an agreement to acquire 49% stake in Rionegro project from Alicanto Mining Corp on June 3, 2014. Under the terms of the agreement, Alicanto has granted Affinity the right to a 49% ownership interest in the Rionegro project subject to Affinity contributing an aggregate of $0.25 million over a set schedule which the parties expect will be completed in 2014, with the possibility to acquire an additional 26% interest, totaling 75% of the overall project.
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- Affinity Gold Corp entered into an agreement to acquire 49% stake in Rionegro project from Alicanto Mining Corp.