![]() ![]() The issuances of Units to certain insiders, pursuant to the Offering, is considered a related party transaction within the meaning of TSX-V Policy 5.9 and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (" MI 61-101"). ![]() The Offering included subscriptions from certain insiders of the Company. A detailed description of the drill program and its objectives will be released to the market prior to commencement of drilling.Ĭompletion of the Offering will be subject to all necessary approvals, including the approval of the TSX-V. The drill rig is expected to arrive on site early next week with drilling expected to commence during the week beginning Monday 8 th May. The exploration camp is also being cleaned and stocked in order to accommodate the drill team. Construction of access tracks to drill pads where required will commence Monday 1 st May. Preparations have begun for commencement of drilling in the next fortnight. "Now that the financing is closed we can get on with the drilling of these exciting targets. When you consider what La Adelita has going for it I'm not surprised we were oversubscribed" stated Matt Hudson, president and CEO. We have a world class technical team led by Peter Megaw. We are 50km from Piedra Verdes which is Mexico's third largest copper producer who are always interested in our progress as they see us as a potential future source of ore. Our friends at Oroco Resource Corp (OCO.V) own the nearby Santo Thomas project and have a $CAD175,000,000 market cap. The Sangre del Toro area is now drill ready where substantial mineralization has been identified at surface with some great trenching results including 9.15m 16.45g/t Au and 1.9% Cu. WE were delighted with our phase 1 drilling last year which produced multiple high-grade intercepts at Cerro Grande Including 3.71% Cu over 20.6m (true width) in hole 27. ![]() "The company is very pleased with the response to this capital raising with strong support coming from new shareholders. ![]()
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