Golden Tag announced it received approval from Mexico’s antitrust agency, the Comisión Federal de Competencia Económica (“COFECE”) on May 25, 2023, for the previously announced acquisition of the La Parrilla Silver Mine Complex (“La Parrilla”) (the “Transaction”).
In addition, Golden Tag and First Majestic Silver Corp. (“First Majestic”) have amended the Asset Purchase Agreement dated December 7, 2022 to reduce Golden Tag’s minimum required financing to $7.2 million from $9 million.
Read more: Mexican Regulator OKs Silver Mine Acquisition
As previously announced, Golden Tag has closed on two tranches of its non-brokered private placement financing with aggregate subscription receipts totaling $6.9 million. The Company has received further subscription commitments, which when combined with the first two tranches, total in excess of $7.2 Million.
