Vena anuncia la venta de la mina Azulcocha

Resumen: La minera de fondos canadienses, Vena Resources (BVL:VEM), anunció la culminación de la venta de la mina Azulcocha, a la empresa Trafigura Beheer BV.

Trafigura ha acordado pagar un precio de compra total de US$ 5 millones, así como otorgarle  una participación del 10% de la Utilidad Neta de la producción futura. Vena aclaró que no se hará cargo de los costos adicionales en relación con el futuro desarrollo y operación de la mina Azulcocha, incluyendo los pasivos acumulados de US$20 millones. 

La empresa explicó que esta operación ha mejorado sustancialmente la posición de capital de trabajo de la compañía.  Es por esto que Vena pronostica que los resultados financieros del tercer trimestre, los cuales se presentarán el 15 de noviembre de 2012, reflejarán los efectos positivos de esta transacción.

Vena Completes Sale of Azulcocha Mining to Trafigura

TORONTO, Nov. 8, 2012 /CNW/ -  Vena Resources Inc. ("Vena" or the "Company") (TSX: VEM, LIMA: VEM, Frankfurt: V1RA, OTC-BB: VNARF, Xetra®: V1RA.DE), is pleased to announce that it has complied with all the requirements set out in the share purchase agreement with Trafigura Beheer B.V. ("Trafigura") that was announced on September 28, 2012, including receipt of the first US$2.5 million tranche payment.  The second tranche of payments totaling an additional US$2.5 million will begin in October 2013.

This transaction has substantially improved the Company's working capital position.  The third quarter financial statements and management's discussion and analysis will be filed on November 15, 2012 and will reflect the positive effect of this transaction.

In accordance with the terms of the share purchase agreement and a related assignment agreement, Trafigura has agreed to pay an aggregate purchase price of US$5 million to Vena as well as a 10% Net Profit Interest ("NPI") on future production, such NPI can be purchased for an additional US$2 million at any time.  The Company will not bear any further costs in connection with the future development and operation of Azulcocha (including previously disclosed accrued liabilities aggregating approximately US$20 million).  Vena will retain its 100% ownership over the significant exploration areas nearby the milling operations, where a multi-million exploration investment has already been made.

Vena intends to continue its efforts to advance its extensive exploration portfolio with Esquilache being the core silver development asset.  Geological campaigns, including metallurgical tests of near-surface mineralization have already been started at Esquilache.

Fuente: http://tmx.quotemedia.com/article.php?newsid=55699681&qm_symbol=VEM