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Post by Franko10 ™ on Sept 11, 2004 8:12:19 GMT -5
U.S. Canadian Minerals Receives Land Use Contract for Rachael Property
LAS VEGAS, Aug 25, 2004 (BUSINESS WIRE) -- U.S. Canadian Minerals Inc. (OTCBB: UCAD) announced that it has signed a land use contract for property in Rachael, Nev., upon which it also has an option to purchase. This transaction allows UCAD to begin cleanup and maintenance of the property during the period that preparations are being completed for possible exercise of the option.
Among the infrastructure comprising the property are 88,400 square feet of industrial and office buildings, certain riparian rights to more than 515.6 acre-feet of water, annually drawn from two wells, and an electric power substation with a long-term low-cost power supply contract.
Further details relative to this project will be forthcoming in future press releases and at www.uscanadian.net/.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
Statements contained in this document which are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements.
SOURCE: U.S. Canadian Minerals Inc.
CONTACT: U.S. Canadian Minerals Inc.
Chris Hanneman, 303-220-8476
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-0-
KEYWORD: NEVADA
INDUSTRY KEYWORD: MINING/METALS
LAS VEGAS, Aug 25, 2004 (BUSINESS WIRE) -- U.S. Canadian Minerals Inc. (OTCBB: UCAD) announced that it has signed a land use contract for property in Rachael, Nev., upon which it also has an option to purchase. This transaction allows UCAD to begin cleanup and maintenance of the property during the period that preparations are being completed for possible exercise of the option.
Among the infrastructure comprising the property are 88,400 square feet of industrial and office buildings, certain riparian rights to more than 515.6 acre-feet of water, annually drawn from two wells, and an electric power substation with a long-term low-cost power supply contract.
Further details relative to this project will be forthcoming in future press releases and at www.uscanadian.net/.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
Statements contained in this document which are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements.
SOURCE: U.S. Canadian Minerals Inc.
CONTACT: U.S. Canadian Minerals Inc.
Chris Hanneman, 303-220-8476
Customize your Business Wire news & multimedia to match your needs.
Get breaking news from companies and organizations worldwide.
Logon for FREE today at www.BusinessWire.com.
Copyright (C) 2004 Business Wire. All rights reserved.
-0-
KEYWORD: NEVADA
INDUSTRY KEYWORD: MINING/METALS
