Mercado Minerals Announces Closing of Acquisition of Concordia Silver

Executive Summary

• Mercado Minerals Ltd. completed the acquisition of Concordia Silver Company S.A. DE C.V., a privately‑held Mexican corporation with mineral properties in Sinaloa, Mexico.
• Consideration consisted of US$105,000 cash plus issuance of 6,000,000 common shares to Concordia shareholders, with additional share issuances scheduled on the first and second anniversaries of closing.
• An extra 300,000 common shares were issued to a third‑party introducer of the transaction.

Key Details

• Acquisition Target: Concordia Silver Company S.A. DE C.V., holder of mineral properties in Sinaloa, Mexico.
• Cash Consideration: US$105,000 paid at closing.
• Equity Consideration – Initial Issuance: 6,000,000 Mercado common shares issued to Concordia shareholders (the “Vendors”).
• Equity Consideration – Earn‑out Shares:
• 2,0 million additional common shares to be issued on the first anniversary of closing.
• 2,0 million additional common shares to be issued on the second anniversary of closing.
• Share Restriction Schedule: The initial 6,000,000 consideration shares are subject to resale restrictions and will be released in four equal tranches every six months over a 24‑month period.
• Introducer Compensation: 300,000 Mercado common shares issued to an arms‑length third party that introduced the target and transaction.
• Strategic Rationale (implied): Expansion of Mercado’s portfolio into Mexican mineral assets, complementing its existing focus on the Porter Property in British Columbia.

Notable Quotes

(No direct quotes were provided in the release.)