Rosita Mining Corporation Formal Joint Venture Agreement between Rosita and Calibre
TORONTO, ON / TheNewswire / September 14, 2016 - Rosita Mining Corp. ("Rosita" or the "Company") (TSX-V: RST) is pleased to report, that since the acquisition of 65% of the Rosita D Concession by Rosita Mining Corp. (RST) from Calibre Mining Corp.(TSX-V: CXB) was finalized, a Joint Venture (JV) has existed between RST and Calibre Mining Corp (CXB).
The two companies have now formalized a Joint Venture Agreement that defines dilution, management, accounting and all the appropriate items to manage the Joint Venture.
CXB owns significant surface rights over part of the Rosita D Concession that is relevant to the planned JV stockpile and tailings exploitation plan. CXB is playing a significant role to assist the JV secure the use of this, and other land, that is necessary for further development.
About Rosita Mining Corporation
Rosita is a junior mining and exploration resource company focused on growing shareholder value through the development of near-term mining projects and advancing accretive exploration opportunities.
Rosita and Calibre hold a 65% and 35% interest respectively in the Rosita copper-gold-silver supergene/skarn/porphyry project in Nicaragua located 275 kilometres northeast of Managua.
For additional information, please visit our website at www.rositaminingcorp.com.
For further information, contact:
John Cook, President and CEO
Telephone: +1 416 200 8073
Email: johncook@kos.net
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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