{"id":14448,"date":"2025-01-29T22:52:58","date_gmt":"2025-01-29T22:52:58","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2025\/01\/29\/pinnacle-provides-update-on-proposed-acquisition-of-el-potrero-gold-silver-project-in-mexico\/"},"modified":"2025-01-29T22:52:58","modified_gmt":"2025-01-29T22:52:58","slug":"pinnacle-provides-update-on-proposed-acquisition-of-el-potrero-gold-silver-project-in-mexico","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2025\/01\/29\/pinnacle-provides-update-on-proposed-acquisition-of-el-potrero-gold-silver-project-in-mexico\/","title":{"rendered":"Pinnacle Provides Update on Proposed Acquisition of El Potrero Gold-Silver Project in Mexico"},"content":{"rendered":"<\/p>\n
\n

(TheNewswire) <\/p>\n

\n<\/div>\n

As the proposed acquisition is subject to TSX Venture Exchange (the \u2018TSXV\u2019) acceptance and the transaction is considered by the TSXV to be a \u2018Fundamental Acquisition\u2019, <\/span> Section 3.5 of Exchange Policy 3.3 <\/span> requires regular updates on the progress of the transaction. <\/span><\/p>\n

As the original Letter of Intent provided for a three-month period to conduct due diligence and sign a Definitive Agreement (the \u2018DA\u2019), the Company and the vendor have signed an extension until February 21, 2025 to complete the DA and allow time for a review by the TSXV. \u00a0All technical due diligence has been completed, and the requisite NI 43-101 Technical Report has been reviewed and deemed suitable for filing by the TSXV, with the final executed version to be submitted prior to closing. \u00a0Initial comments regarding the Title Opinion have been addressed and a revised version has been submitted for review. The preparation of the DA is in the final stages and the concurrent financing is almost complete. \u00a0There is no change to the terms of the financing. \u00a0Subject to the review process and final acceptance by the TSXV, the Company anticipates that the transaction, including the financing, should close by mid-February. <\/span><\/p>\n

<\/a> Pinnacle <\/span> is <\/span> focused <\/span> on <\/span> district-scale <\/span> exploration <\/span> for <\/span> precious <\/span> metals <\/span> in the Americas. \u00a0In the prolific <\/span> Red <\/span> Lake <\/span> District <\/span> of <\/span> northwestern <\/span> Ontario, the Company owns a 100% <\/span> interest in the <\/span> past-producing, <\/span> high-grade <\/span> Argosy <\/span> Gold <\/span> Mine and the adjacent North Birch <\/span> Project <\/span> with an eight-kilometre-long target horizon <\/span> . <\/span> The addition of the high-grade Potrero gold-silver project in Mexico\u2019s Sierra Madre Belt will complement the project portfolio and provide the potential for near-term production <\/span> . <\/span> With <\/span> a <\/span> seasoned, <\/span> highly <\/span> successful <\/span> management <\/span> team <\/span> and <\/span> quality <\/span> projects, <\/span> Pinnacle <\/span> Silver <\/span> and <\/span> Gold <\/span> is committed <\/span> to <\/span> building <\/span> long <\/span> -term <\/span> , <\/span> sustainable <\/span> value <\/span> for <\/span> shareholders. <\/span><\/p>\n

Signed: <\/span> \u2018Robert <\/span> Archer\u2019 <\/span> President <\/span> & CEO <\/span><\/p>\n

<\/a> FOR <\/span> FURTHER <\/span> INFORMATION <\/span> CONTACT: <\/span><\/p>\n

Email: <\/span> info@pinnaclesilverandgold.com <\/span> Tel.: <\/span> +1-877-271-5886 <\/span> ext. <\/span> 110 <\/span><\/p>\n

<\/a> Website: <\/span> www.pinnaclesilverandgold.com <\/span><\/p>\n

Neither <\/span> the <\/span> TSX <\/span> Venture <\/span> Exchange <\/span> nor <\/span> the <\/span> Investment <\/span> Industry <\/span> Regulatory <\/span> Organization <\/span> of <\/span> Canada <\/span> accepts <\/span> responsibility <\/span> for <\/span> the <\/span> adequacy <\/span> or <\/span> accuracy <\/span> of <\/span> this release <\/span> . <\/span><\/p>\n

Copyright (c) 2025 TheNewswire \u2013 All rights reserved. <\/p>\n<\/p>\n<\/div>\n

News Provided by TheNewsWire via QuoteMedia<\/p>\n<\/p>\n

This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"

(TheNewswire) As the proposed acquisition is subject to TSX Venture Exchange (the \u2018TSXV\u2019) acceptance and the transaction is considered by the TSXV to be a \u2018Fundamental Acquisition\u2019, Section 3.5 of Exchange Policy 3.3 requires regular updates on the progress of the transaction. As the original Letter of Intent provided for a three-month period to conduct […]<\/p>\n","protected":false},"author":0,"featured_media":14449,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-14448","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/14448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=14448"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/14448\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/14449"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=14448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=14448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=14448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}