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About Calissio Resources Group, Inc. (OTC: CRGP)
The Company was incorporated in the State of Nevada on April , to engage in the business of providing Internet based email to mail printing and delivery services. Due to the major challenges facing the Company in the technology business, management has been in the process of winding down its involvement in the technology sector over the last few years. Presently the Company is considering a decision to transition its operations and focus its business efforts exclusively in the mining sector. The Company plans to access its numerous business contacts to facilitate its entry and expansion as a mining company. Recently the Company has signed a Non Disclosure Agreement regarding an iron ore property in the mineral rich region of Michoacan Mexico. lt br / gt On May , the Company Amarium signed a Definitive Agreement Agreement with Minerales Consolidados S.A. de C.V. MCSA to purchase the Jovita Mine and a ton per day tpd copper mill. The Jovita Mine is a producing copper concentrate mine operating in Michoacon, a well known base metals mining region in Mexico. lt br / gt Under the terms of the Agreement, Amarium will acquire ownership of the Jovita Mine for aggregate expenditures of USD . Million over the next years. Expenditures include a payment of USD . Million and million shares of Amarium to MCSA, within days. Additional payments of million shares will also be issued to MCSA, in months and months. Amarium will also be required to spend USD million in exploration activities on the property over the next months. MCSA is transitioning the management and operation of the Jovita Mine to Amarium over the next days. lt br / gt lt br / gt The Jovita Mine encompasses a hectare mineral concession and production facility located in the Mexican state of Michoacon. The current mill operation allows for ore to be processed onsite into copper concentrate for shipment to foreign buyers. Michoacon is a historic mining region in Western Mexico with a large deep sea port located along the Pacific coastline that is well situated for transport and the supply of Western US, Asian and other Pacific Rim markets. lt br / gt lt br / gt On June , the Company has executed a Copper Stream Sale Agreement Agreement with Anglo Asia Resource Partners Anglo Asia for US . million. Under the terms of the Agreement, Anglo Asia is entitled to of the copper concentrate produced at the Jovita Mill operating in Michoacon, Mexico. Amarium will allocate the sale proceeds from the Agreement to complete the financial obligations outstanding from the Jovita Mine acquisition and the remaining funds will be expended on upgrades and expansion of the existing flotation mill and facilities. lt br / gt lt br / gt The Agreement entitles Anglo Asia, a private Hong Kong partnership that is focused on procuring precious and base metals for the Asian market, to of the monthly production at the Jovita Mill. Anglo Asia will make an initial payment of US . million to Amarium and on going payments of US . per pound of copper produced. If the spot price of copper was to decline below US . per pound, Anglo Asia s on going payment obligations would be reduced to US . per pound of copper. Additional terms of the Agreement will be released at a later date.
- Adam Carter / President, Secretary
- Alberto N Navarro / Treasurer
- Adam Carter /
- Alberto N Navarro /
Current Share Structure
- Market Cap: $1,295 - 03/20/2018
- Authorized: 300,000,000 - 06/30/2015
- Issue and Outstanding: 129,460,000 - 06/30/2015
- Float: 27,179,423 - 06/30/2015
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Disclaimer: DD Report publishes reports providing information on selected companies. DD Report is not a registered investment advisor or broker-dealer. This report is provided as an information service only, and the statements and opinions in this report should not be construed as an offer or solicitation to buy or sell any security. DD Report accepts no liability for any loss arising from an investors reliance on or use of this report. An investment in CRGP is considered to be highly speculative and should not be considered unless a person can afford a complete loss of investment. DD Report has received no compensation for the publication and circulation of this report. DD Report does not own any shares of CRGP and does not buy, sell, or trade any shares of CRGP. This report contains forward-looking statements, which involve risks, and uncertainties that may cause actual results to differ materially from those set forth in the forward-looking statements. Copyright 2018 by DD Report. All rights reserved. Our Full Disclaimer: https://dd.report/disclaimer/