Arena Enhances Focus on Atacama Copper Property With Rouge Resources Transaction

Arena Minerals (AN.V) has continued with its prospector generator model with its latest transaction involving Rouge Resources. Arena is focused on the Atacama Copper Property while leveraging partners’ capital to advance projects. Arena CEO William Randall had this to say about the Rouge transaction:

“We are very pleased to enter into this transaction with Rouge. The disposition of Arena’s interest in Pampas el Peñon is consistent with Arena’s prospector generator model of leveraging partners’ capital to advance projects while still generating economic benefit for Arena shareholders. This is the fourth transaction Arena has entered into with outside partners. The focus for Arena is the Atacama copper property, and the transaction with Rouge will enhance that focus while creating value,”

Arena shares have been wedging higher for much of 2016 and a breakout above resistance near C$.33-.34 would target another 30-40% of upside:

 

AN.V (Daily)

AN.V_pennant.png

Meanwhile Rouge Resources (ROU.V) has been one of the hottest stocks on the Venture in 2016 and the 8,650,000 shares of ROU that Arena receives in this transaction allows Arena to continue to benefit from further success at the Pampas el Peñon property and Rouge’s other projects:

 

ROU.V (Daily)

 

ROU.V.png

Click over to read the full press release: Arena Minerals Inc. Enters Into Agreement With Rouge Resources Ltd. on Sale of Pampas el Peñon Project, Chile

 

 

DISCLAIMER: The work included in this article is based on SEDAR filings, current events, interviews, and corporate press releases. It may contain errors, and you shouldn’t make any investment decision based solely on what you read here. This publication contains forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The views expressed in this publication and on the EnergyandGold website do not necessarily reflect the views of Energy and Gold Publishing LTD, publisher of EnergyandGold.com. This publication is provided for informational and entertainment purposes only and is not a recommendation to buy or sell any security. Always thoroughly do your own due diligence and talk to a licensed investment adviser prior to making any investment decisions. Junior resource companies can easily lose 100% of their value so read company profiles on www.SEDAR.com for important risk disclosures. It’s your money and your responsibility.