Fidelity Minerals Announces Closing of Las Huaquillas Acquisition
Fidelity Minerals Announces Closing of Las Huaquillas Acquisition
Vancouver, BC, February 11th, 2019 – Fidelity Minerals Corp. (TSX-V: FMN | FSE: S5GM |
SSE: MNYC) (“Fidelity Minerals” or the “Company”) is pleased to announce that the Transaction
to Acquire the core Las Huaquillas Project, as News Released on December 6th, 2018, January 18th,
2019 and January 28th, 2019 has closed.
Per the terms of the transaction, Fidelity Minerals has acquired 44.5% of the Core Las Huaquillas
project by the 100% purchase of Lida Resources Inc. ’s (“Lida”, a British Columbia company)
wholly-owned Peruvian subsidiary company, Minera LBJ SAC , for consideration of 25,000,000
Fidelity Minerals shares and 12,500,000 warrants ($0.08, 5 year term) to the shareholders of Lida.
The acquisition of our interest in the core Las Huaquillas Project and the subsequent staking of
adjacent concessions on a 100% basis by Fidelity Mineral s, provides the Company with a very
significant resource appraisal opportunity which we expect to advance in 2019” said Ian Graham,
CEO of the Company.
About Fidelity Minerals Corp.
Fidelity Minerals Corp. is an emerging gold producer focusing on unlocking value from advanced
stage mining assets in Peru. The company is backed by an experienced management team with
diverse technical, market, and commercial expertise and is supported by committed and
sophisticated investors focused on building long term value, now anchored by Lions Bay Capital
Inc.
On behalf of the Board of Fidelity Minerals.
Ian Graham
CEO and Director
Tel: +1.604.671.1353
Email: [email protected]
For more information, please visit the corporate website at http://www.fidelityminerals.com or
contact:
Investor Contacts:
Luis F. Zapata
Executive Chairman
Tel: +1.604.358.1382
Tel: +51.999.968.827 (Peru)
Email: [email protected]
Bahay Ozcakmak
Executive Director
Tel: +61.3.9236.2800
Email: [email protected]
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THIS NEWS RELEASE.