Minerco Resources president and CEO V Scott Vanis said, "We are very excited about the potential of selling our rights to the Sayab and Iscan projects which would allow us to focus on our Chiligatoro project and investment opportunities in the traditional energy markets."
The company plans to sell the two hydro power assets and intends to focus on the Chiligatoro hydro-electric project and expansion into oil and gas, production and development within the US.
The properties have an estimated 30% annual return with initial capital expenditures between $50,000 and $100,000.
Minerco Resources is a provider of renewable energy solutions in Latin America.
