Bird River Resources Acquires Mining Rights in Mexico

Bird River Resources Inc. has announced a share purchase agreement to acquire two gold projects in Mexico's San Miguel region. The agreement involves acquiring all shares of Mexico HoldCo, a subsidiary of a Delaware-based corporation. This acquisition grants Bird River 100% interest in mineral properties totaling 119 hectares.

The transaction entails a cash payment of $200,000 and the issuance of 3,125,000 common shares. Additionally, a 2% net smelter royalty will be granted to the seller, with an option for Bird River to repurchase half of the royalty for $1,000,000.

To support the acquisition, Bird River plans a private placement of common shares, aiming to raise at least $400,000. The funds will cover transaction expenses and development costs for the acquired properties. The transaction, subject to regulatory approvals, reflects Bird River's growth strategy in the resource sector.