Americas Bullion Royalty Corp. (TSX:AMB) signed a binding letter of intent to acquire Springer Mining Company and certain other Nevada properties from EMC Metals Corp. (TSX:EMC) for $5 million on September 13, 2013. The terms of the sale provide for an immediate and full repayment of a matured $3 million loan that was secured with the Springer assets. The transaction will be funded through an unsecured loan from an insider in the amount of $2.5 million. The transaction is expected to close within 90 days.

Americas Bullion Royalty Corp. (TSX:AMB) completed the acquisition of Springer Mining Company and certain other Nevada properties from EMC Metals Corp. (TSX:EMC) on January 3, 2014.