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Sino Minerals invests in Silvore Fox Minerals for US$1.35 million

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Overview

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Sino Minerals

On January 28, 2010, Silvore Fox Minerals Corp. (TSX VENTURE:SFX) announced the completion of its non-brokered private placement with Sino Minerals Corp. The private placement raised total proceeds of $1,350,000. Sino Minerals Corp. (formerly China Nonferrous Metals Exploration Corp.) is a Canadian corporation majority-owned by Chinese shareholders, including Beijing Donia Resources Co., a state owned entity whose mandate includes exploring for base metal resources worldwide. Sino Minerals seeks to invest in mineral exploration and development opportunities in Canada. Sino Minerals was advised in this transaction by Fasken Martineau with a team that included Nancy Eastman (corporate/securities) and Claude Jodoin (tax).

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