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Titan Minerals Ltd. (ASX: TTM), Perth, junior mining company exploring for gold in Latin America, informed that it has signed an agreement with the also junior miner Andina Resources Limited, Subiaco (Australia) to acquire all the company’s shares through an off-market offer (since Andina is not listed).

The offer includes the exchange of a Titan’s share for every 1.18 shares of Andina, after which the former will acquire Andina’s main asset: Tulin, the 70tpd gold processing plant in Ica.

Its second challenge will be the construction of the Vista Gold plant in Arequipa’s north, which start of operations is scheduled for Q3’18.