Valor Resources Limited has entered into a definitive agreement to acquire 100% of the Berenguela Copper-Silver-Manganese Project (“the Berenguela Project”) from Silver Standard Resources Inc.
Under the terms of the Agreement Valor and Silver Standard will form a Strategic Alliance with Silver Standard continuing to support and assist in the development of the Berenguela Project.
The Berenguela Project consists of 14 mineral concessions, totaling approximately 6,594 hectares in the Puno Department of Southeastern Peru, approximately 50 kilometers west of the city of Juliaca and 6 kilometers northeast of the town of Santa Lucia. The Berenguela Project is accessible all year-round by gravel roads and a paved, major highway from the city of Juliaca which has a population of over 215,000, with a local airport accessible by daily flights from Lima, the capital of Peru.
Jones Day has advised Silver Standard Resources Inc. in its SALE of 100% of the share capital of SOMINBESA (Peru) and Fossores Ltd. with a team led by Tony Wassaf.
Involved fees earner: Tony Wassaf – Jones Day;
Law Firms: Jones Day;
Clients: Silver Standard Resources Inc.;