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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (12783)11/2/2015 1:09:53 PM
From: Goose94Read Replies (4) of 202988
 
Eurasian Minerals (EMX-V) Nov 2nd 2015 is pleased to announce the sale of its interests in Haiti to joint venture partner Newmont Ventures Limited ("Newmont" or "NVL"), a wholly owned subsidiary of Newmont Mining Corporation (NEM-NY), for a US $4 million (CAD $5.3 million) cash payment and a retained 0.5% net smelter return ("NSR") royalty interest.

The now terminated EMX-Newmont joint ventures (the "Joint Ventures") covered six designated exploration areas along a 130 kilometer trend of northern Haiti's Massif du Nord mineral belt. Since 2013, activities in the designated exploration areas have been limited to care and maintenance only.

Pursuant to the transaction, Newmont acquired all of EMX's interest in the Research Permit applications on the following terms:

Newmont paid US $4 million (CAD $5.3 million) in cash to EMX at closing; The Joint Ventures were terminated; EMX retains a 0.5% NSR royalty on the 49 Research Permit applications covering the designated exploration areas; EMX retains the right to acquire any properties proposed to be abandoned or surrendered by Newmont. Please see www.eurasianminerals.com for more information.

About EMX. Eurasian Minerals leverages asset ownership and exploration insight into partnerships that advance our mineral properties, with EMX retaining royalty interests. EMX complements its generative business with strategic investment and third party royalty acquisition.

Mr. Dean D. Turner, CPG, a Qualified Person as defined by National Instrument 43-101 and consultant to the Company, has reviewed, verified and approved disclosure of the technical information contained in this news release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Eurasian Minerals Inc.
David M. Cole
President and Chief Executive Officer
(303) 979-6666
Dave@EurasianMinerals.com

Eurasian Minerals Inc.
Scott Close
Director of Investor Relations
(303) 973-8585
SClose@EurasianMinerals.com
www.EurasianMinerals.com
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