Royal Mines and Minerals Corp. (RYMM.OB) Joint Ventures with Golden Anvil to Develop Gold and Silver Claims in Mexico
Royal Mines and Minerals, www.royalmmc.com – the minerals exploration firm with a clear strategy based on extraction, the licensing of a proprietary lixiviation process and joint venturing/acquiring in North America, reported execution of a memorandum of understanding (MOU) for a joint venture with Golden Anvil, SA de CV today to explore/develop Golden’s mineral claims in Nayarit, Mexico. The two companies have formed a 50/50 ownership Nevada corporation, Golden Anvil, Inc. (GAI) towards this end, with GAI acting as operator. According to the stipulations set forth in the MOU, RYMM will put $3M into GAI, resulting in transfer of some 32,521…