Guerrero Announces Letter of Intent to Acquire Pinette Copper Corp., Private Placement Closing and Amendment
July 25, 2012
Guerrero Exploration Inc. announces that it has, by mutual agreement, terminated the Option Amendment and Reorganization Agreement with Riverside Resources Inc. announced earlier, and has determined that it will not pursue its option on the Chapalota property in Mexico. It has, subject to regulatory approval, entered into a binding letter of intent to acquire all of the issued and outstanding shares of Pinette Copper Corp, a private Vancouver-based mineral exploration company with 2 exploration properties located in Botswana. Pinette has had these copper exploration properties for the last approximately 2 and 3 years respectively and has spent a total of approximately $2,500,000 to date on them. Exploration is ongoing.
