Azure Minerals: Completes Mexican assets sale

Azure Minerals Completes Mexican assets sale

• Azure Minerals (AZS) completes the sale of its Mexican precious and base metals projects to Bendito Resources for $20 million through a combination of cash and shares
• The company will receive $10 million in cash and $10 million in Bendito shares in two tranches within an 18-month period
• Bendito confirms receipt of the company’s Mexico assets which include Alacrán, Oposura and Promontorio as part of its planned strategy to list on the Toronto Stock Exchange
• The transaction ultimately allows the company to focus on developing its flagship Andover project in Western Australia
• Shares in Azure are up 4.76 per cent to trade at 22 cents at 2:08 pm AEST