Razor Resources, Inc., a development stage company that specializes in acquiring mineral claims and exploring mineral claim properties, recently announced that it has closed the acquisition of 99 percent of Compania Minera Cerros Del Sur, S.A., which owns gold mining concessions and producing gold mines covering 200 hectares in Honduras.
Under the terms of the acquisition, Razor Resources will issue 34 million shares of common stock to the shareholders of Compania Minera Cerros Del Sur, S.A. The most well-known mine in the acquisition is “Clavo Rico Mine,” which has been producing gold since the 1500s and is currently producing gold on a consistent basis with positive monthly cash flow.
Mr. Kelly Fielder, president of Razor Resources Inc., stated, “Razor’s vision is to be the fastest-growing gold mining company in Honduras or Central America by continuing to produce from its central mine and acquiring and producing quality reserves throughout the region in a safe, profitable and socially responsible manner.”
Razor Resources will post its Form 8-K, which includes a more detailed explanation of the transaction and the property, on its website upon its launch at www.razorresourcesinc.com. The website will also include all relevant information to the operations and explanation plans for the company.