PAN AMERICAN GOLDFIELDS LTDLetter Agreement • June 29th, 2011 • Pan American Goldfields LTD • Gold and silver ores • California
This letter (the “Letter Agreement”) constitutes a binding agreement between Pan American Goldfields Ltd. (“PAN AMERICAN”), a Delaware corporation, and Minera Rio Tinto SA, a Mexican corporation (“MRT”), concerning the restructuring of a joint venture agreement and of the ownership interests of PAN AMERICAN and MRT, as well as other entities, in the Cieneguita project (the “Properties”) in Chihuahua State, Mexico.
