April 17, 2017 / 1:43 PM / 4 months ago

BRIEF-Prospero secures C$1.5 mln strategic investment from Fortuna Silver Mines

April 17 (Reuters) - Prospero Silver Corp:

* Prospero secures c$1.5-million strategic investment from Fortuna Silver Mines

* Prospero Silver Corp- Fortuna will purchase 5.4 million units at C$0.28 per unit

* Prospero Silver - will allocate c$1.2 million to drill testing selected projects and c$300k will be allocated towards co's generative efforts in Mexico

* Prospero Silver-Fortuna will have right to select one of projects within 18 months from signing of definitive agreement to joint venture with prospero

* Prospero Silver- Fortuna's right to select projects gives it potential to earn 70% interest by spending us$8 million over 6 years

* Prospero Silver Corp- intend to begin drill testing at Petate, Matorral and Pachuca se projects as rapidly as possible Source text for Eikon: Further company coverage:

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