Calissio Resources Group, Inc. (CRGP) Giá cổ phiếu (USD)

The Company was incorporated in the State of Nevada on April 6, 2000 to engage in the business of providing Internet-based email-to-mail printing and delivery services. Due to the major challenges facing the Company in the technology business, management has been in the process of winding-down its involvement in the technology sector over the last few years. Presently the Company is considering a decision to transition its operations and focus its business efforts exclusively in the mining sector. The Company plans to access its numerous business contacts to facilitate its entry and expansion as a mining company. Recently the Company has signed a Non-Disclosure Agreement regarding an iron ore property in the mineral rich region of Michoacan Mexico. On May 22, 2013 the Company Amarium signed a Definitive Agreement ("Agreement") with Minerales Consolidados S.A. de C.V. (MCSA) to purchase the Jovita Mine and a 40 ton per day (tpd) copper mill. The Jovita Mine is a producing copper concentrate mine operating in Michoacon, a well-known base metals mining region in Mexico. Under the terms of the Agreement, Amarium will acquire 100% ownership of the Jovita Mine for aggregate expenditures of USD $6.1 Million over the next 3 years. Expenditures include a payment of USD $2.5 Million and 1 million shares of Amarium to MCSA, within 30 days. Additional payments of 1 million shares will also be issued to MCSA, in 12 months and 24 months. Amarium will also be required to spend USD $3 million in exploration activities on the property over the next 36 months. MCSA is transitioning the management and operation of the Jovita Mine to Amarium over the next 60 days. The Jovita Mine encompasses a 250 hectare mineral concession and production facility located in the Mexican state of Michoacon. The current mill operation allows for ore to be processed onsite into copper concentrate for shipment to foreign buyers. Michoacon is a historic mining region in Western Mexico with a large deep-sea port located along the Pacific coastline that is well situated for transport and the supply of Western US, Asian and other Pacific Rim markets. On June 5, 2013 the Company has executed a Copper Stream Sale Agreement ("Agreement") with Anglo-Asia Resource Partners ("Anglo-Asia") for US$8.75 million. Under the terms of the Agreement, Anglo-Asia is entitled to 18% of the copper concentrate produced at the Jovita Mill operating in Michoacon, Mexico. Amarium will allocate the sale proceeds from the Agreement to complete the financial obligations outstanding from the Jovita Mine acquisition and the remaining funds will be expended on upgrades and expansion of the existing flotation mill and facilities. The Agreement entitles Anglo-Asia, a private Hong Kong partnership that is focused on procuring precious and base metals for the Asian market, to 18% of the monthly production at the Jovita Mill. Anglo-Asia will make an initial payment of US$8.75 million to Amarium and on-going payments of US$0.75 per pound of copper produced. If the spot price of copper was to decline below US$2.50 per pound, Anglo-Asia's on-going payment obligations would be reduced to US$0.50 per pound of copper. Additional terms of the Agreement will be released at a later date.