Cyprium Mining Corporation (TSXV:CUG) and Valenzuela family acquired certain rights of Potosi silver mine and San Guillermo plant for $0.75 million on October 29, 2015. Under the terms of the transaction, the purchase price will payable as $0.4 million in cash at closing and $0.35 million to be paid in monthly installments starting eight months after the date of the closing. Cyprium will hold 53% stake in the mines. Cyprium Mining Corporation financed the deal through a non-brokered private placement of 4.5 million common shares with gross proceeds of CAD 0.5 million ($0.37791 million). Currency conversion has been done through oanda.com as of October 29, 2015.

Cyprium Mining Corporation (TSXV:CUG) completed the acquisition of certain rights of Potosi silver mine and San Guillermo plant on October 29, 2015.