Capitan Silver to acquire land at Cruz de Plata project

Executive Summary

• Capitan Silver Corp. has executed a definitive agreement to acquire a 100 % interest in seven mineral concessions (2,171.4 ha) adjacent to its Cruz de Plata project in Durango, Mexico.
• The acquisition expands the company’s land base by ~85 % and lengthens the silver‑gold trend from 2.5 km to 3.7 km, creating additional exploration and infrastructure opportunities.
• Purchase price is US$4.0 million payable in two installments (US$2.0 M paid at signing; US$2.0 M due by the second anniversary of closing), with no royalties or share payments required.

Key Details

• Acquired Assets: Seven contiguous mineral concessions totaling 2,171.4 hectares surrounding the Cruz de Plata silver‑gold project.
• Land Position Impact: Total district land position increases by approximately 85 % and the surface expression of the 2.5‑km trend extends an additional 1.2 km eastward (now 3.7 km).
• Seller: Minera Fresnillo S.A. de C.V.
• Transaction Price: US$4.0 million total; $2.0 M paid at execution, remaining $2.0 M payable on or before the second anniversary of closing.
• Royalty/Share Structure: No royalties or equity‑share payments are attached to the transaction.
• Closing Conditions: Agreement to be filed with the Public Registry of Mines for final regulatory approval.

Notable Quotes

(No direct quotes were provided in the release.)