PE-Backed Oroco Resource Sells Mexican Properties
Oroco Resource Corp., a Vancouver, British Columbia-based portfolio company of private equity firm Pinetree Capital, has agreed to sell 100% of the company's interest in the Cerro Prieto Project, a gold and silver project located in Sonora, Mexico, to Goldgroup Mining, Inc. The total consideration for the acquisition, which is expected to close by June, 2013, is US$18 million. Goldgroup Mining, a gold production, development and exploration company, is also based in Vancouver.
31 January 2013•4 mins read
