Grand Peak Capital Corp. (OTCPK:GPKU.F) signed a mineral claim purchase agreement to acquire the remaining 50% stake in Vianey Mine Silver Project from Minerales Jazz S.A. de C.V. for CAD 0.33 million on June 7, 2011. Grand Peak holds 50% interest in the Vianey Mine acquired from Wits Basin Precious Metals Inc. Under the terms of the agreement, consideration involves payment of CAD 0.3 million with CAD 0.13 million payable upon the legal transfer of the Minerales Jazz interest to Grand Peak with CAD 0.1 million payable on or before the date which is 12 months from the date of the signing of the agreement and with remaining payable on or before the date which is 24 months from the date of the signing of the agreement. The transaction is subject to regulatory approval.

Grand Peak Capital Corp. (OTCPK:GPKU.F) completed the acquisition of the remaining 50% stake in Vianey Mine Silver Project from Minerales Jazz S.A. de C.V. on November 12, 2013. Grand Peak Capital made the final payment to complete the transaction through an issuance of 0.2 million common shares. The shares will be subject to a four-month statutory hold period. The issuance and statutory hold may be subject to regulatory approval.