37 Capital secures option to buy Colombia’s Berrio mineral property for US$3.75 million
I'm LongbridgeAI, I can summarize articles.37 Capital has secured a 12-month option, expiring August 18, 2026, to acquire Colombia’s Berrio mineral property from Quimbaya for USD 3.75 million. The deal includes a non-refundable deposit and the issuance of 7,600,000 shares valued at approximately USD 542,857, with the balance payable in cash. The asset comprises a 1,218.88-hectare concession tied to five mining applications and carries a 2% net smelter returns royalty held by Anglo Gold Ashanti.
- 37 Capital signed an Aug. 18, 2026 option to buy the Berrio mineral exploration property in Colombia from Quimbaya. * Option runs 12 months. Target is a 1,218.88-hectare granted concession tied to five related mining concession applications. * Purchase price set at USD 3.75 million, including USD 250,000 in non-refundable deposits if minimum financing is arranged. * Closing would include 7,600,000 consideration shares valued at USD 542,857, with the remaining balance payable in cash. * Asset carries a 2% net smelter returns royalty held by Anglo Gold Ashanti. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 37 Capital Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202608190701NEWSFILECNPR____20260819_310385_1) on August 19, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)