An unknown buyer entered into a binding letter of agreement to acquire Compania Minera Oso Blanco SA de CV from NSX Silver Inc. (TSXV:NSY) on November 17, 2015. The transaction is subject to NSX Silver shareholder approval. To approve a special resolution, a majority of not less than two-thirds of the votes cast in person or by proxy by those shareholders who vote in respect of the special resolution is required. The special meeting of NSX Silver shareholders is expected to be held on December 16, 2015. The proposed sale is also subject to the approval of the TSX Venture Exchange. The binding letter of agreement provides that upon closing, Compania Minera Oso Blanco will grant to NSX Silver a 2% net smelter return royalty on any future mineral production from the eleven mining concessions that Compania Minera Oso Blanco presently owns.

An unknown buyer completed the acquisition of Compania Minera Oso Blanco SA de CV from NSX Silver Inc. (TSXV:NSY) on January 25, 2016.