USPR +.019 Nice news this morning! MARLBORO, N
Post# of 853
USPR +.019 Nice news this morning!
MARLBORO, N.J., May 23, 2013 /PRNewswire/ -- US Precious Metals, Inc. (OTCQB: USPR) ("Company") is pleased to announce that on May 22, 2013 it entered into an agreement with Mesa Acquisitions Group, LLC. in association with Alba Petroleos ( www.albapetroleos.com.sv ) to further explore and develop USPRs Mexican concessions.
Mesa Acquisitions/Alba Petroleos has committed to expend up to approximately $50 million to explore and develop pre-determined portions of two of our Mexican concessions known as Solidaridad 1 & Solidaridad 2 located in Michoacan, Mexico. In addition, they will construct the necessary plant and/or bring in the necessary equipment to process the head ore. In return, they will receive 10 million shares of USPR common stock and receive a 30% interest of the project. USPR will retain 70% of the project.
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