United Hunter Oil & Gas (TSE:BOCA) has released an update.
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Bocana Resources Corp. has announced a non-binding intent to acquire Empresa Minera Inti Raymi S.A., which includes the Kori Pakaska project in Bolivia, for a potential total of $75 million. The deal includes a $3 million down payment with the remainder financed by INTI RAYMI shareholders, subject to the completion of a definitive agreement and due diligence within 120 days.
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