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Last C$0.04 CAD
Change Today 0.00 / 0.00%
Volume 0.0
SRL On Other Exchanges
As of 3:53 PM 11/20/15 All times are local (Market data is delayed by at least 15 minutes).

salazar resources ltd (SRL) Snapshot

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12/2/14 - C$0.17
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11/12/15 - C$0.03
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salazar resources ltd (SRL) Details

Salazar Resources Limited, a junior mineral exploration company, is engaged in the acquisition, exploration, and development of mineral properties in Ecuador and Colombia. The company primarily explores for copper, zinc, lead, gold, and silver deposits. The company was incorporated in 1987 and is headquartered in Vancouver, Canada.

Founded in 1987

salazar resources ltd (SRL) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$139.5K
Chief Financial Officer and Director
Total Annual Compensation: C$28.8K
Compensation as of Fiscal Year 2014.

salazar resources ltd (SRL) Key Developments

Salazar Resources Limited Provides Update on Promissory Note Financing

Salazar Resources Ltd. provided update on the company's financing of up to $600,000 of promissory notes. To date the company has received $350,000 on account of this financing from arm's length parties. The proceeds from this financing will be used to pay annual tenure costs for the company's mining concessions in Ecuador and for general working capital.

Salazar Resources Ltd. and Guangshou Group Co. Ltd. Enter into Letter-of-Intent for Joint Venture to Develop the Curipamba Project and Advance the El Domo Deposit to Commercial Production

Salazar Resources Ltd. and Guangshou Group Co. Ltd. announced that they have entered into a letter-of-intent (LOI) for a Joint Venture to develop the Curipamba Project and advance the El Domo deposit to commercial production. The LOI sets out certain terms and conditions pursuant to which Guangshou will finance development of the El Domo deposit to commercial production, with a commitment to invest $50 Million to earn a 60% equity interest in Curimining S.A. that is a subsidiary of Salazar, all of which is subject to the negotiation of a definitive development and shareholders agreement between Guangshou and Salazar. The El Domo deposit lies within the "Las Naves" concession, which is one of the 7 concessions that make up the Curipamba project (30,327.18 hectares) in the Bolivar and Los Rios Provinces in central Ecuador. Thereafter, subject to finalizing the Definitive Agreement, Guangshou will have the right to earn a 60% interest in the Curipamba project by funding $50 million of development costs to bring the project into commercial production, in accordance with medium scale mining laws of Ecuador, within three years of material development permits. If development costs exceed $50 million, then Guangshou will provide the company's share of required funding by way of loans, to be repaid with interest, from production profits. The Definitive Agreement will include other standard clauses, for transactions of this nature. The letter of intent also stated that once the Definitive Agreement is finalized, Guangshou will provide additional corporate funding to the company of up to $1 million per year over the next three years, beginning in 2015, by way of private placement. In addition, Guangshou will, on signing of the Definitive Agreement, reimburse the company $500,000 for certain land tenure payments and contributions to administrative overhead expenses previously incurred by the company, and will also reimburse the company for any project-related expenditures incurred between the date of the LOI and date the Definitive Agreement is finalized.

Salazar Resources Limited, Annual General Meeting, Sep 25, 2014

Salazar Resources Limited, Annual General Meeting, Sep 25, 2014., at 10:00 Pacific Standard Time. Location: Suite 1305, 1090 West Georgia Street. Agenda: To receive the audited consolidated financial statements of the company for the fiscal year ended December 31, 2013, together with the report of the auditors therein; to fix the number of directors at six; to elect directors; to appoint D+H Group LLP, Chartered Accountants, as the auditor of the company for the ensuing year and to authorize the directors to fix the auditor's remuneration; to consider and, if thought fit, to pass an ordinary resolution to approve the new 10% stock option plan of the company; to consider and, if thought fit, to pass, with or without variation, an ordinary resolution to approve any private placement arranged by the company, which may result in the creation of a new control person of the company from the acquisition by Guangshou Group Co. Ltd. of securities of the company; and to transact such further or other business as may properly come before the meeting or any adjournment or adjournments thereof.


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