ESV Resources Ltd. (TSXV:ESV.H) entered into a binding letter agreement to acquire Viaggo Consultores, S.A. from Qvartz Capital Partners Inc. for €19.3 million on November 12, 2020. As a part of consideration ESV Resources will issue 35 million shares which will be subject to twelve months lock-up period, granting 2% NSR royalty to Qvartz from the production of minerals attributable to the 66.67% interest in the Lomero-Poyatos Project and additional ESV Resources will assume the obligations of Viaggo related to Corporación de Recursos by paying up to €6.5 million to Corporación de Recursos to satisfy Corporación de Recursos current liabilities and funding exploration work on the Lomero-Poyatos Project through to the completion of a feasibility study on the Project. Viaggo Consultores, owns 66.67% stake in Corporación de Recursos Iberia S.A., which, in turn, owns the mining rights to the Lomero-Poyatos Project. The transaction is subject to a number of conditions including the satisfactory completion of due diligence, the negotiation of and entering into a definitive agreement, receipt of all required shareholder, regulatory and third-party consents, including approval of the TSX Venture Exchange, completion of financing on terms acceptable to the ESV Resources, and satisfaction of other customary closing conditions. The Transaction cannot close until the aforementioned conditions are satisfied and required approvals are obtained.