Bocana Resources Corp. Signs Letter of Intent to Acquire an Equity Interest in Venture Gold, Inc.

Core Viewpoint - Bocana Resources Corp. has announced a proposed equity investment of up to US$20 million in Venture Gold, Inc. to support the development and exploration of mining properties in Colorado [1][5]. Group 1: Transaction Details - The investment will be made through a non-binding letter of intent (LOI) and is subject to the negotiation of a definitive investment agreement and regulatory approvals [2][10]. - The investment will provide Bocana with a substantial interest in newly issued shares of Venture Gold, with the exact amount to be disclosed upon final agreement [2][10]. - A finder's fee is expected to be paid in connection with the transaction [3]. Group 2: About Venture Gold - Venture Gold is focused on redeveloping the Idaho Springs/Central City mining district in Colorado and has spent 15 years acquiring properties and obtaining permits [4]. - The company controls over 500 acres of mining claims in the district [4]. Group 3: About Bocana Resources Corp. - Bocana is a mineral exploration company engaged in the acquisition, exploration, and development of mineral properties in North and South America [7]. - The company holds a 100% working interest in the Escala area concessions in Bolivia [7].