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Friday, April 21, 2017

Guatemala: Canadian Company Acquires Mita Geothermal Project

Bluestone Resources Closes C$80 Million Subscription Receipt Financing and Signs Definitive Agreement to Acquire Goldcorp's Cerro Blanco Project and Mita Geothermal Project (Junior Mining Network)

Vancouver-based Bluestone Resources Inc. has announced the closing of its previously announced private placement financing. The company is also pleased to announce that it has entered into a definitive agreement with Goldcorp Inc., also based in Vancouver, and its affiliates in respect of the previously announced acquisition of the Cerro Blanco Project and the Mita Geothermal Project. 

Further to the company's press release dated January 11, 2017, the company is pleased to announce that it has entered into a definitive agreement with Goldcorp and its affiliates to acquire 100% of the Mita Geothermal project located in Guatemala, which is owned by Goldcorp's indirect wholly-owned subsidiary, Geotermia Oriental de Guatemala S.A.