April 09, 2018 - MONTREAL, QUEBEC, MomentumPR’s client, Corex Gold, is listed on the TSX Venture exchange under the symbol: CGE. Following the transaction closing the Company will trade under the ticker symbol: MAI.

Momentum PR is pleased to have produced an informative and comprehensive report on Corex Gold, available here – Corex Gold Corporation Report.

Corex Gold Merger Highlights

• -Corex merges with Minera Alamos to form Latin American Gold Rollup Company

  -Merged company backed by Osisko Gold Royalties

  -Gold Production targeted at 150,000 ounces annually within three-four years

Corex Gold, (TSXV: CGE) (OTCQB: CGEKF) is about to merge with Minera Alamos, (TSXV: MAI). Together the two companies will have a market cap in the C$45 million range and three gold properties under development.

Corex’s flagship project, Santana, will be the first out of the gate and into commercial production with an estimated 25,000 to 35,000 ounces of gold annually. Revenues generated from Santana will be used to put two Minera Alamos properties, La Fortuna and Guadelupe dos Reyes into production.

The merged company will have an important advantage in that it is being backed by Osisko Gold Royalties Ltd, (TSX: OR). On May 30, 2017 Osisko bought 19.9% of Minera Alamos as part of a royalty stream agreement.

On February 16, 2018, Osisko issued an early warning announcement that it had bought the 16.12% of Corex shares previously held by Minera Alamos. As a result, Osisko will hold between 17-18% of the merged company.

Corex CEO Doug Ramshaw, “Osisko is known to be one of the more preeminent and aggressive royalty companies. If you are going to build a portfolio of development projects that you want to put into production having a partner that will assist in your funding through royalties is not a bad thing.”

Corporate strategy going forward is to put the three wholly owned assets, Santana, Fortuna and Guadelupe into production. Then they will find opportunities to leverage their technical expertise and corporate backing to acquire and put in production low-cost heap leachable projects that are too small, from a production point for the big companies to be interested but which can be profitably processed by heap leaching.

With the right grade, as Ramshaw points out, heap leaching gold will still be profitable if the price of gold falls back because it is the low-cost production technique.

Momentum PR is pleased to have produced an informative and comprehensive report on Corex Gold, available here – Corex Gold Corporation Report.

If you would like more information on Corex Gold; listed on the TSX Venture exchange under the symbol: CGE. Following the transaction closing the Company will trade under the ticker symbol: MAI.

Momentum PR

Jonathan Williams, Managing Director

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About Momentum PR

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Since 2009, Momentum PR has been servicing small and mid-cap Canadian-listed public companies, seeking to increase their exposure across North America. The focus at Momentum PR is on building and driving brand awareness. Momentum PR cultivates new audiences in the media and investment communities by proactively engaging interested parties on behalf of client companies, through online and offline channels.  

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