July 30, 2013

Lepanto secures indigenous votes for FTAA

Lepanto Consolidated Mining Company  announced that majority of the leaders of the indigenous people in communities surrounding its Far Southeast Gold project in Benguet have agreed to the issuance of a Financial or Technical Assistance Agreement (FTAA) for the project.

“The taking of the vote is a significant step in the Free and Prior Informed Consent (FPIC) process, a prerequisite to the issuance of an FTAA to Far Southeast Gold Resources, Inc. (FSGRI), owned by Lepanto (60%) and Gold Fields Switzerland Holding AG (40%),” the company said in the filing. - WealthSec