ePower Metals buys Guadalupe de los Reyes option

Minera Alamos (MAI.V) and ePower Metals (EPWR.V) have entered into a binding letter of intent whereby the underlying option to acquire the Los Reyes project (new name) from Vista Gold (VGZ, VGZ.TO) will be transferred from Minera to ePower.

ePower will issue 9.45 million post-consolidation shares to Minera Alamos (representing a 19.8% stake after including the dilution effect of the concurring…