|War Eagle is involved in the acquisition, exploration and, if warranted, development of mineral resource properties. The Company is based in Vancouver, Canada and is publicly listed on the TSX Venture Exchange, since 1987, trading under the symbol WAR.|
War Eagle recently sold its 100% interest in the Tres Marias zinc / lead / germanium property located in Chihuahua, Mexico.
In December, 2013, War Eagle sold its Mexican subsidiary, Tombstone Exploration de Mexico S.A. de C.V. and its Tres Marias to Contratista y Operaciones Mineras S.A. (Comsa) a private Mexican mining company for US$2.5 million cash and a 2% NSR royalty to a total of a further US$2.5 million. Additional payments based on metal sales and prices could bring the total sale price to US$5.8 million.
War Eagle currently holds an option agreement to purchase the surface rights to the Terrazas oxide zinc / copper property, also in Chihuahua, Mexico, and is negotiating an option to acquire the mineral rights.
War Eagle's experienced board of directors, management and consultants will continue to seek profitable acquisitions, and explore, develop and capitalize on its core capabilities to generate shareholder value. The Company has strong institutional support and is currently working to formulate a strategic business plan to develop its assets through joint ventures or key transactions with a primary focus on base metal properties in Mexico and elsewhere in Latin America.
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