GR Silver Mining Ltd. - is pleased to announce that it has signed a Waiver and Release Agreement with Mako Mining Corp. under which the parties were mutually released from outstanding undertakings, covenants, indemnities and obligations set out in, arising from, or related to GR Silver Mining's acquisition of
Marlin Gold Mining Ltd. , see news release of April 1, 2021. Mako retains a 1.0% NSR Royalty on the concessions owned by Oro Gold de Mexico, S.A. de C.V., a wholly owned subsidiary of MGM. In consideration for the waiver and release, Mako has paid to GR Silver Mining a total of USD$960,000, satisfied in full by the payment to GR Silver Mining of USD$500,000 cash and the issuance and delivery to GR Silver Mining of 296,710 common shares of Mako at a deemed p...