NetworkNewsBreaks – Moon Equity Holdings Corp. (
Post# of 5115
Moon Equity Holdings (OTC: MONI) has shared information regarding its current acquisition of Minera Radiante; MONI is acquiring 95% of the company, which has been in operation since June 2013. Darwin Cardenas Mendoza, a third-generation Peruvian miner, leads the company. According to the announcement, a Moon Equity team has spent approximately three months undergoing due diligence, working from the south tip of Peru to the northern border of Ecuador. Team members have met local municipalities, tribal leaders and landowners, looking for ideal long-term opportunities future in Peru while also evaluating current opportunities for mineral processing and continuous mineral supply. Moon Equity plans to continue working with a fourth-generation Incan miner, who will retain a 5% stake in the company, as well as consulting with Mendoza, which will help build a relationship between Moon’s mining operations and the Peruvian government. The company noted that the acquisition provides an opportunity for the company to be involved in a wide range of operations, including Moon exploration, exploitation, purchase and sale of mineral, acquisition of mines and treatment and processing of all types of minerals including metals, polymetallic and quarries of all kinds, wholesale/retail of various minerals.
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