ZAPOPAN, JAL, Mexico, Sept. 17, 2012 /PRNewswire/ -- Minera San Jorge S.A. de C.V. ("MSJ" or the "Company") announced today the Company has not signed a Letter of Intent (LOI) with Bandera Gold Ltd. MSJ is responding to the September 12, 2012 announcement by Bandera that a non-binding LOI had been signed between the two companies to purchase of Bandera's interest, by MSJ, in Cinco Minas and Gran Cabrera for $6.5 million U.S.
MSJ would like to clarify that the Company has not signed a LOI with Bandera and has not agreed to purchase Bandera's interest in the two Mexican gold and silver properties for the proposed $6.5 million (US). MSJ has contacted the Investment Industry Regulatory Organization of Canada, and informed them of the matter. Bandera Gold Ltd. is a Canadian based mineral exploration company that trades on the TSX Venture Exchange.
MSJ has no further comment on the matter.
Minera San Jorge S.A. de C.V. Jaime Arturo Anaya Trejo Tel: 011 (52) 333-271-8792 Email: email@example.com
SOURCE Minera San Jorge S.A. de C.V.