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Last updated on April 18, 2014 at 17:24 EDT

Latest Hondo Minerals Corporation Stories

2013-12-16 08:21:57

CHLORIDE, AZ, Dec. 16, 2013 /PRNewswire/ - Hondo Minerals Corporation (OTCBB:HMNC) today announces that Crowncorp Investments Corporation, a Texas Corporation ("Crowncorp"), its principals, associates and consultants have maintained continuous contact with Hondo and assured Hondo of their intent to consummate the agreed transaction. In addition to Fides, Crowncorp and its principals, associates and consultants are arranging several different financing options to fund this...

2013-09-10 08:22:28

CHLORIDE, AZ, Sept. 10, 2013 /PRNewswire/ - Hondo Minerals Corporation (OTCBB:HMNC) today announced that the Company has entered into an agreement with GAL Resources Limited, to sub-license its E-Leach technology and provide services. The signed agreement outlines that Hondo Minerals would agree to sub-license its E-Leach technology to GAL Resources as well as provide services, equipment and support for the benefit of Gal Resources and its properties. GAL Resources is a Hong...

2013-05-10 20:20:44

CHLORIDE, AZ, May 10, 2013 /PRNewswire/ - Hondo Minerals Corporation (OTCBB: HMNC.OB) ("Hondo") today announces that Crowncorp Investments Corporation, a Texas Corporation, ("Crowncorp") delivered a $10 Million USD bank instrument to be redeemed in order to satisfy the obligations of Crowncorp as required under the terms of the previously announced binding Letter of Intent for the sale/purchase of 100% of Hondo's assets and stock for approximately $88 Million dollars. Both Hondo and...

2013-05-02 08:29:11

CHLORIDE, AZ, May 2, 2013 /PRNewswire/ - Hondo Minerals Corporation (OTCBB: HMNC.OB) ("Hondo," "Hondo Minerals" or the "Company") today announces that the Company has entered into a binding Letter of Intent with Crowncorp Investments Corporation, a Texas corporation ("Crowncorp"), for the sale of 100% of the Company's assets and issued and outstanding stock for a purchase price of $88 million, which includes $13 million in working capital to be retained in the Company post-closing...

2013-02-20 12:23:19

CHLORIDE, AZ, Feb. 20, 2013 /PRNewswire/ - Hondo Minerals Corporation (OTCBB: HMNC.OB) today announces that its Board of Directors, in accordance with its fiduciary obligations to its shareholders, continues to review and negotiate the terms of the unsolicited offer from Crowncorp Investment Corporation to purchase all of the assets of the Company's wholly owned subsidiary, Hondo Minerals, Inc., which holds 100% of the Company's assets, in exchange for $75 million in cash. To that end,...

2013-02-12 08:23:51

CHLORIDE, AZ, Feb. 12, 2013 /PRNewswire/ - Hondo Minerals Corporation (OTCBB: HMNC.OB) today announced that the company has hired consulting firms Montgomery & Associates and MWH Americas, Inc. Hondo Minerals Corporation ("Hondo") has hired consulting firms Montgomery & Associates and MWH Americas, Inc. ("MWH") to resolve permitting issues at the Tennessee Mine located in Chloride, Arizona. On December 18, 2012. Montgomery & Associates submitted a permit determination...

2013-02-06 08:21:40

CHLORIDE, AZ, Feb. 6, 2013 /PRNewswire/ - Hondo Minerals Corporation (OTCBB: HMNC.OB) today announced that the company has entered into an MOU with GAL Resources Limited, to sub-license its E-Leach technology and provide services. The signed MOU outlines that Hondo Minerals would agree to sub-license its technology to GAL Resources as well as provide services, equipment and support in the deployment of the same for the benefit of Gal Resources and its properties. Both companies...

2012-12-11 12:22:37

CHLORIDE, AZ, Dec. 11, 2012 /PRNewswire/ - Hondo Minerals Corporation (OTCBB: HMNC) today announces that on Monday, December 11, 2012, Hondo Minerals received a second unsolicited offer from a private investment group to purchase all of the Companies common stock and assets. The offer as presented was for $75 million in cash. The letter of intent is subject to due diligence by both parties. The Companies Board of Directors has authorized Hondo's CEO, and CFO, to oversee due...

2012-11-26 08:21:44

CHLORIDE, AZ, Nov. 26, 2012 /PRNewswire/ - Hondo Minerals Corporation (OTCBB: HMNC) today announces that on Tuesday, November 20, 2012, Hondo Minerals received an unsolicited offer to purchase all of the Company's common stock and assets. The offer as presented was for $0.62 per share in combination of cash and in stock. The letter of intent is subject to due diligence by both parties. Other requirements of the letter of intent included:  -- Hondo Minerals complete a...

2012-11-13 12:23:01

CHLORIDE, AZ, Nov. 13, 2012 /PRNewswire/ - Hondo Minerals Corporation (OTCBB: HMNC) today announces that the Company has enlisted the expertise and mining related talents of Maiden Resources, Inc. from the Coeur d'Alene Mining District of North Idaho. The Coeur d'Alene Mining District is known for its rich silver, lead and zinc deposits and an enormous amount of these minerals have been extracted in the area for more than one hundred years.  Maiden Resources brings decades of...