ExGen Resources Inc. has entered into a letter of intent to acquire a second silver stream on a past-producing gold mine in South America. The company paid US$500,000 for a 33.3% silver stream on the first 333,333 ounces of silver produced from the Property and a 16.7% silver stream on additional silver. ExGen’s CEO, Jason Riley, believes this move will position the company for future cash flow and value growth. The Property is owned by private individuals, and ExGen will have preferential rights for future streaming or royalty transactions. However, there is no guarantee the transaction will be completed or that the mine will be put into production.

Read more at GlobeNewswire: ExGen Signs Another Binding LOI to Acquire a Second Silver