ZURICH, SWITZERLAND, November 30, 2016 /EINPresswire.com/ — Hamilton Resources, Ltd., a MB Financial Advisors AG client company and investment capital partner and one of the controlling shareholders of Gorgona Gold S.A.C., announced today that Gorgona Gold has executed a Term Sheet with GEA Mining Peru S.A.C. Under the terms of the agreement the two companies will combine certain mining assets under one holding company, followed by an Initial Public Offering of not less than ten million dollars US. A definitive financing and merger agreement has also been initiated.
Hamilton Resources is a Peruvian mineral exploration company engaged in the acquisition, exploration, and potential development of precious and base metal properties, principally in Peru. Hamilton has initiated ten different mining projects located across 22 different concessions covering base and precious metals.
GEA Mining Peru is a 30 year old Peruvian mining company that has an operational plant with 500 tonnes ore/day throughput capacity. GEA has 19 veins (14 of which are in 5 main clusters with average grades of 12-14 g/t gold), mine access via portals on 5 levels, and an estimated 450,000 ounces of gold. GEA produced 3000 oz in its first year of production.
By merging certain assets with an existing mine, Hamilton Management is confident that the capital markets will view the cash flow from the mine coupled with the extensive exploration portfolio as an attractive initial offering opportunity for the public markets.
About Hamilton Resources Ltd:
Hamilton Resources LTD is a Peruvian corporation engaged in the acquisition, exploration, and potential development of precious minerals properties principally in Peru.
About MB Financial Advisors AG:
MB Financial Advisors AG is a professional team of independent financial advisors. Based in Swyizerland, they provide state of the art advisory services to companies and individuals throughout Switzerland and beyond.
Forward Looking Statement
This release contains certain forward-looking statements about Hamilton Resources and or associated companies (The Company), including statements that involve risks and uncertainties concerning proposed business, anticipated customer benefits and general business outlook. When used in this release, the words "anticipates", "can", "will", "look forward to", "expected" and similar expressions and any other statements that are not historical facts are intended to identify those assertions as forward-looking statements. Any such statement may be influenced by a variety of factors, many of which are beyond the control of The Company, that could cause actual outcomes and results to be materially different from those projected, described, expressed or implied in this document due to a number of risks and uncertainties. Potential risks and uncertainties include, among others, the possibility that the transaction will not close or that the closing may be delayed, the anticipated synergies of the combined companies may not be achieved after closing, the combined operations may not be successfully integrated in a timely manner, if at all, general economic conditions in regions in which either company does business may deteriorate and/or The Company may be adversely affected by other economic, business, and/or competitive factors. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of The Company.
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Source: EIN Presswire