SOURCE: Firma Holdings Corp.

Firma Holdings Corp.

November 07, 2016 09:29 ET

Firma Holdings is pleased to announce the signing of a Joint Venture partnership on its new acquired Cobriza Groupings Project

HENDERSON, NV--(Marketwired - November 07, 2016) - Firma Holdings Corp. (OTC: FRMA) is pleased to announce that through its subsidiary GracePoint Mining Corp, it has entered into a binding option agreement with Hawkeye Gold and Diamond INC. (TSX VENTURE: HGO) (FRANKFURT: HGT) ISIN: CA42016R3027; WKN: A12A61 to acquire a 50% interest in its Cobriza Groupings Project (the "Cobriza"). The Property is a Gold and Silver project located 125 kilometers Northeast of Mazatlan and 150 km West Northwest of Durango City, Durango Mexico, and is next to the Tayoltita mine of Primero Mining Corp. The Temehuaya claim which forms part of the Cobriza Groupings Project is located approximately 25 kilometers East of La Cobriza.

Both GracePoint and Hawkeye are excited to work together to advance the near term production potential of the project; while simultaneously advancing exploration to further define the projects long term potential.

The terms of the option agreement include payments totaling $4,500,000 million USD, with $3,800,000 million going to the project and $700,000 going to GracePoint.

Mr. Francis Biscan Jr., Chairman and CEO of Firma Holdings Corp., stated, "Our desire has always been to combine 'near-term' production opportunities with quality Joint Venture relationships, as a non-dilutive approach to growing shareholder value. We believe the combination of Cobriza, and the partnership with Hawkeye, represents another step towards the achievement of those goals!"

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. Please read the full disclaimer at www.FirmaHoldings.com.

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