North Bay Resources to acquire Bendito Resources in $25M deal, adding Mexico asset portfolio

North Bay Resources Inc. (OTC:NBRI) announced on Thursday it has struck a deal to acquire privately held Bendito Resources Inc for $25 million, as it looks to expand its footprint with a portfolio of advanced and exploration-stage projects in Mexico. The deal, structured as a one-time cash payment for a 100% interest in Bendito on a debt-free basis, will give North Bay control of multiple assets primarily located in Sonora, a key mining region in northern Mexico.