Themac Rsrcs Grp Ltd (MACQF) 0.0250 $MACQF THEM
Post# of 273242
THEMAC Enters Into Letter of Intent With Yunnan Haliliya
Marketwired - Thu Apr 28, 1:20PM CDT
THEMAC Resources Group Limited (TSX VENTURE: MAC) ("THEMAC" or the "Company" announces that it has entered into a letter of intent effective as at 26 April, 2016 (the "LOI" with Yunnan Haliliya Nonferrous Metal Import and Export Co. Ltd. ("Yunnan Haliliya". The LOI is the first step towards establishing a framework for investment by Yunnan Haliliya in the Company's wholly owned subsidiary, New Mexico Copper Corporation ("NMCC", through which the Company holds a 100% interest in the Copper Flat project in New Mexico (the "Project". The LOI sets out Yunnan Haliliya's expression of interest in making an initial investment of USD$6 million to acquire a 6.85% interest in NMCC or the Project. The Company will use the funds from the initial investment to advance the permitting at Copper Flat and initial work on the development of the Project. Yunnan Haliliya has also expressed an interest in providing a further investment to assist in funding the construction and development of the mine and processing plant at the Project. The terms of that additional investment have not yet been determined.
MAC.VN: 0.040 (-0.020), MAC: 81.02 (+0.72)
THEMAC Announces Release of Draft Environmental Impact Statement
Marketwire Canada - Wed Nov 25, 8:51PM CST
THEMAC Resources Group Limited (TSX VENTURE: MAC) ("THEMAC" or the "Company" is pleased to announce that the United States Department of Interior Bureau of Land Management ("BLM" has released the Draft Environmental Impact Statement ("EIS" for the Copper Flat Project, opening a 45-day public comment period.
MAC.VN: 0.040 (-0.020), MAC: 81.02 (+0.72)