Medgold Resources (MED.V) has signed an agreement with Fortuna Silver (FVI.TO, FSM) whereby the latter has invested C$1.5M in Medgold by purchasing 10 million units priced at C$0.15 per unit. Each unit consists of one common share and a full warrant allowing Fortuna Silver to purchase an additional share at the same price (C$0.15).
Medgold and Fortuna have also announced they are forming a strategic alliance to start exploring in Serbia, and Fortuna will have the right to earn a 70% interest (in different stages) in a still-to-be-defined ‘selected property’ by spending $8M on the property and completing a Preliminary Economic Assessment.
Go to Medgold’s website
The author has a long position in Fortuna Silver. Please read the disclaimer
