XG Retains 100% Ownership of Santa Cruz Properties

IMARU CASANOVA, McNicoll, Lewis & Vlak, LLC (04/11/2011)
"Cerro Vanguardia S.A. . .did not exercise its one-time back-in right, which was triggered in February, to earn up to a 70% interest in Extorre's other Santa Cruz properties including Falcon, Verde, Cerro Puntudo and Azul. Extorre will retain 100% ownership of its other Santa Cruz exploration properties. . .We have revised our Extorre valuation to reflect higher value from its exploration properties. We expect the stock will continue to react positively to exploration results as well as resource updates over the next 6 to 12 months."

 PRINT THIS PAGE   EMAIL THIS PAGE

Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.

Related Quotes: