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Azarga Metals to take full ownership of Unkur copper-silver project

Dusty Nicol, chief executive of Azarga Metals Corp (CVE:AZR) tells Proactive they're planning to take 100% control of the Unkur copper-silver project in Russia by exercising a call option to increase its stake from 60%, subject to exchange and shareholder approval.

As part of the planned deal, the vendors have also agreed to cancel the remaining US$1.6mln owed by Azarga, via deferred consideration payments.

Quick facts: Azarga Metals

Price: 0.075 CAD

TSX-V:AZR
Market: TSX-V
Market Cap: $7.2 m
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