Orosur Mining Inc.

09:48 AM EST - Orosur Mining Inc. : Has entered into a non-binding letter of intent to sell its mining and exploration permits in Uruguay to IMC International Mining Corp for a US$1-million cash consideration. The Company has entered into a non-binding letter of intent to sell its mining and exploration permits in the San Gregorio area of Uruguay to IMC for a cash consideration of US$1 million, subject to satisfactory completion of due diligence by IMC within 45 days. If the sale is completed, the proceeds will be used to pay liabilities in Uruguay in connection with the previously announced court approved creditors’ settlement agreement. Orosur Mining Inc.
shares T.OMI are trading unchanged at $0.05.

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