Radius Gold (TSX VENTURE:RDU) is pleased to advise that it has completed the sale of its Tlacolula Property, Mexico to Fortuna Silver Mines.
On closing of the transaction, Radius received US$150,000 cash and 239,385 common shares of Fortuna, and has been granted a 2% NSR royalty on the Property. Fortuna retains the right to purchase one-half of the royalty by paying Radius US$1.5 million.
Radius has been exploring for gold in Latin America for over a decade. The Company has a strong treasury and is looking for investment and project acquisition opportunities across the globe.
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