The Belgian company Nyrstar sold to Morumbi Resources 100% of the subsidiary American Pacific Honduras, owner of the El Mochito zinc mine.
From a press release by Morumbi Resources:
Toronto, Ontario, September 22, 2016 – Morumbi Resources Inc. (“Morumbi” or the “Company”) (TSX-V:MOC) is pleased to announce that it has entered into a share purchase agreement (the “Agreement”) with certain affiliates of Nyrstar NV (collectively "Nyrstar") to purchase 100% of Nyrstar's indirect subsidiary American Pacific Honduras SA de CV ("AMPAC") and its flagship asset, the producing El Mochito Zinc Mine (collectively "El Mochito") in Honduras (the “Transaction”).
Belgian mining company Nyrstar has bought 92.3% of the shares in Breakwater, the principal partner in El Mochito, the American Pacific Honduras mine.
Belgian-based multinational Nyrstar paid $626 million for 92.3% of the shares of Breakwater, principal partner in the American PacificHondurasmine (known as Ampac or El Mochito), through its Canadian subsidiary, Nyrstar Resources Canada.
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