A PYMNTS Company

Golden Tag Secures Mexican Antitrust OK For Silver Mine Buy

By  |  May 31, 2023

Golden Tag announced it received approval from Mexico’s antitrust agency, the Comisión Federal de Competencia Económica (“COFECE”) on May 25, 2023, for the previously announced acquisition of the La Parrilla Silver Mine Complex (“La Parrilla”) (the “Transaction”).

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    In addition, Golden Tag and First Majestic Silver Corp. (“First Majestic”) have amended the Asset Purchase Agreement dated December 7, 2022 to reduce Golden Tag’s minimum required financing to $7.2 million from $9 million.

    Read more: Mexican Regulator OKs Silver Mine Acquisition

    As previously announced, Golden Tag has closed on two tranches of its non-brokered private placement financing with aggregate subscription receipts totaling $6.9 million. The Company has received further subscription commitments, which when combined with the first two tranches, total in excess of $7.2 Million.