Post by Franko10 ™ on Dec 31, 2007 12:48:29 GMT -5
Rendell is working for the company that owns the American Shaft!
HOUSTON, TX, Sep 10, 2007 (MARKET WIRE via COMTEX) -- Radial Energy Inc. (OTCBB: RENG) ("Radial" or the "Company") is pleased to announce that the Company has signed a Letter Of Intent ("LOI") with Minera Del Pacifico S.A. ("Pacifico") to acquire mining assets located in the productive gold mining province of El Oro, located in the southern region of Ecuador. The LOI plans for the acquisition of a 45% ownership interest in the EMPEC floatation mill and the rights to develop two existing gold mines. The EMPEC floatation mill also includes the rights to 19 exploration concessions and is one of the largest floatation mills in Ecuador, with the ability to produce approximately 250 tons of hard rock per day.
The signing of the LOI reflects the Company's intent to leverage its Latin American business experience and expertise to include mining operations in tandem with its ongoing commitment to oil and gas exploration, in particular to the development of the Huaya Block in Peru. The Company is currently performing due diligence on the mining assets and expects to sign a Definitive Agreement with Pacifico by November 30, 2007. Further information on the development of the mining assets will be released in the upcoming weeks. Full details of the LOI can be found in Radial's report on Form 8K to be filled with the Securities and Exchange Commission ("SEC").
www.pinksheets.com/pink/quote/quote.jsp?symbol=reng
Acquisition of Gold Mine and Exploration Properties in Ecuador ---> 1098@NEWS
RELEASE CAPELLA RESOURCES LTD ("CPS-V")
- Acquisition of Gold Mine and Exploration Properties in Ecuador
Capella Resources Ltd. ("Capella" or the "Company") is pleased to
announce that it has reached an agreement in principal (the "Agreement") to
acquire all of the issued and outstanding common shares of Minera Nevada
S.A. ("Minera Nevada") of Machala, Ecuador in exchange for 2,000,000 shares
in the capital of the Company, subject to such applicable hold period as
required by the TSX-V, at a deemed price of CAN$1.00 per share plus a cash
payment of US$4,500,000 payable as follows: (i) US$500,000 upon execution
of a definitive agreement; (ii) US$1,000,000 upon the later of TSX-V
approval or January 6, 2007 and (iii) US$3,000,000 payable from production
at a rate of 25% of net profit less any outstanding liabilities of Minera
Nevada as at the date of the closing of the transactions contemplated by
the Agreement.
A finder's fee of up to 5% of the transaction value will be payable by
the Company in connection with the acquisition of the shares of Minera
Nevada.
The closing of the transactions contemplated by the Agreement is
subject to a number of conditions including: (i) obtaining all necessary
regulatory approvals; (ii) the Company being satisfied with the results of
its due diligence with respect to Minera Nevada and (iii) entering into a
definitive share purchase agreement.
Description of Minera Nevada's Assets
Minera Nevada's assets comprise a 100% interest in the Grand Gold Mine
and Yellow River Process Facility located in the Portovelo-Zaruma-Ayapamba
district of southern Ecuador.
Since 1905 the Grand Mine has produced 3.5 million ounces of gold while
being operated by the Southern American Development Company. Currently the
Grand Mine employs 67 individuals including shift management, engineers,
geologists and miners. Production at rate of 100 tons per day is derived
from level three with development occurring on level four. There is
currently no National Instrument 43-101 compliant reserve associated with
this property.
The Yellow River Process Facility is a newly built conventional cyanide
carbon plant which achieves 97% recovery of gold with current capacity of
100 tons per day. The plant employs 37 individuals including metallurgists,
engineers, chemists and shift workers. Plans are currently underway to
increase the capacity of the plant in increments to 500 tons per day. There
is currently no National Instrument 43-101 compliant reserve associated
with this property.
Minera Nevada maintains an administrative staff of 16 in the Machala
office and network of exploration geologists throughout Ecuador.
In addition to the above properties, the Company will have an option on
eight other unique gold exploration properties elsewhere in Ecuador
including: Bella Maria, Cuenca, Fierro Urco, Santa Barbara Aurelian,
Virom, Naranjal, Chilla and Bucay.
Cautionary Statement
Readers are cautioned that while the historical data quoted herein is
considered to be relevant, it is based on publicly available sources and
does not comply with the guidelines of National Instrument 43-101 as it is
not data based on mineral resource estimates verified by a Qualified
Person. Readers should not rely upon the historical data until it can be
verified by a National Instrument 43-101 compliant study which the Company
intends to carry out in due course.
About Capella Resource Ltd.
Capella is a junior exploration company currently exploring for a world
class gold deposit on its Tinton Gold Property located 15 kilometres
west-northwest of the historic Homestake Mine in the Black Hills of South
Dakota. In its 125 year history the Homestake Mine produced more than 40
million ounces of gold. With a team of ex-Homestake professionals, Capella
has intensified its search for another giant. Capella is currently
obtaining the necessary environmental and exploration permits in
preparation of a January 2007 drill start-up.
The Company is also active in the Maricunga Gold and Copper District of
northern Chile. It has recently completed a phase 1 drill program at its
Lajitas Property (Dorado) in the Maricunga. Results are pending. The
Company holds a 100% interest in all of its properties.
CAPELLA RESOURCES LTD.
Per:
R.A. Bruce McDonald, Director and Chairman of the Board
Capitalization Report for Capella Resources Ltd
Shares Issued: 22930922
Shares Escrow: 0
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this news
release.
TEL: 775-721-8883 Mr. Richard Bachman, President & Chief
Geological Officer, Capella Resources
WEBSITE: www.capellaresources.com.
(c) Market News Publishing Inc. Tel:(604) 689-1101
All rights reserved. Fax:(604) 689-1106
Who now owns the American Sharft?
Minera Miramonte
Miramonte Mining AG adquiere a Nicaragua Gold S.A. por US¤8,5 ...- [ Translate this page ]Miramonte Mining AG es una compañía minera de oro de pequeña capitalización con un creciente portafolio de proyectos en Ecuador. ...
noticias.aol.com/articulos/_a/miramonte-mining-ag-adquiere-a-nicaragua/n20071228135609990015 - 56k - Cached - Similar pages
Miramonte Mining AG acquired Nicaragua Gold SA ¤ 8.5 million for U.S.
Notimex
Posted: 2007-12-28 13:56:33
ZURICH, Switzerland, December 27 / PRNewswire / - Miramonte Mining (ISIN CH0028351796 / WKN A0MMH6) today announced the signing of an agreement of sale to acquire Nicaragua Gold SA, located in Managua, Nicaragua. The net value of 100% of the shares is U.S. ¤ 8.5 million. The acquisition will be paid through a cash payment of US ¤ ¤ 3.5 million and US $ 5 million in common stock Miramonte Mining quoted at 0.70 euros per unit.
"The acquisition of Nicaragua Gold SA enhances our portfolio of concession areas also outside Ecuador," said Lary Williams, CEO of Miramonte Mining AG. "The underlying price per share of 0.70 euros for the shares of Miramonte Mining demonstrates the strength of our company," adds Lary Williams.
Nicaragua Gold SA Was founded in 2006. The company holds the concession area of a procession in the gold area of Santo Domingo, in Nicaragua. After the acquisition, Miramonte Mining expanded and improved the processing plant gold mine. "We believe that by the end of 2008 would remove 400 tons of ore per day in Santo Domingo," said Lary Williams.
On the ground current of Portovelo / Zaruma, Ecuador, Miramonte Mining is in the process of expanding the production capacity of 100 tons of ore per day.
About Miramonte Mining AG
Miramonte AG Mining is a gold mining company with a small capitalization growing portfolio of projects in Ecuador. The corporate headquarters is located in Zurich, Switzerland. The Miramonte Mining shares are traded on the Frankfurt Open Market (ISIN CH0028351796 / WKN A0MMH6)
Contact Miramonte Mining AG Tel +41 (0) 4350016 23 Fax +41 (0) 4350016 24 E-Mail: investors@miramontemining.com www.miramontemining.com/ trio-financial relations AG Michael Goliath Tel +49 (0) 69 95 90 83 12 Fax +49 (0) 69 95 90 83 99 E-Mail: @ m.goliath financial-relations.de
Miramonte Mining AG CONTACT: Miramonte Mining AG, +41 (0) 43-500-16-23, Fax, +41 (0) 43-500-16 - 24, investors@miramontemining.com; or Michael Goliath, trio - financial relations AG, +49 (0) 69-95-90-83-12, Fax, +49 (0) 69-95-90-83-99, m.goliath @ financial-relations.de
Website: www.miramontemining.com/
& & NEWSWIRE
HOUSTON, TX, Sep 10, 2007 (MARKET WIRE via COMTEX) -- Radial Energy Inc. (OTCBB: RENG) ("Radial" or the "Company") is pleased to announce that the Company has signed a Letter Of Intent ("LOI") with Minera Del Pacifico S.A. ("Pacifico") to acquire mining assets located in the productive gold mining province of El Oro, located in the southern region of Ecuador. The LOI plans for the acquisition of a 45% ownership interest in the EMPEC floatation mill and the rights to develop two existing gold mines. The EMPEC floatation mill also includes the rights to 19 exploration concessions and is one of the largest floatation mills in Ecuador, with the ability to produce approximately 250 tons of hard rock per day.
The signing of the LOI reflects the Company's intent to leverage its Latin American business experience and expertise to include mining operations in tandem with its ongoing commitment to oil and gas exploration, in particular to the development of the Huaya Block in Peru. The Company is currently performing due diligence on the mining assets and expects to sign a Definitive Agreement with Pacifico by November 30, 2007. Further information on the development of the mining assets will be released in the upcoming weeks. Full details of the LOI can be found in Radial's report on Form 8K to be filled with the Securities and Exchange Commission ("SEC").
www.pinksheets.com/pink/quote/quote.jsp?symbol=reng
Acquisition of Gold Mine and Exploration Properties in Ecuador ---> 1098@NEWS
RELEASE CAPELLA RESOURCES LTD ("CPS-V")
- Acquisition of Gold Mine and Exploration Properties in Ecuador
Capella Resources Ltd. ("Capella" or the "Company") is pleased to
announce that it has reached an agreement in principal (the "Agreement") to
acquire all of the issued and outstanding common shares of Minera Nevada
S.A. ("Minera Nevada") of Machala, Ecuador in exchange for 2,000,000 shares
in the capital of the Company, subject to such applicable hold period as
required by the TSX-V, at a deemed price of CAN$1.00 per share plus a cash
payment of US$4,500,000 payable as follows: (i) US$500,000 upon execution
of a definitive agreement; (ii) US$1,000,000 upon the later of TSX-V
approval or January 6, 2007 and (iii) US$3,000,000 payable from production
at a rate of 25% of net profit less any outstanding liabilities of Minera
Nevada as at the date of the closing of the transactions contemplated by
the Agreement.
A finder's fee of up to 5% of the transaction value will be payable by
the Company in connection with the acquisition of the shares of Minera
Nevada.
The closing of the transactions contemplated by the Agreement is
subject to a number of conditions including: (i) obtaining all necessary
regulatory approvals; (ii) the Company being satisfied with the results of
its due diligence with respect to Minera Nevada and (iii) entering into a
definitive share purchase agreement.
Description of Minera Nevada's Assets
Minera Nevada's assets comprise a 100% interest in the Grand Gold Mine
and Yellow River Process Facility located in the Portovelo-Zaruma-Ayapamba
district of southern Ecuador.
Since 1905 the Grand Mine has produced 3.5 million ounces of gold while
being operated by the Southern American Development Company. Currently the
Grand Mine employs 67 individuals including shift management, engineers,
geologists and miners. Production at rate of 100 tons per day is derived
from level three with development occurring on level four. There is
currently no National Instrument 43-101 compliant reserve associated with
this property.
The Yellow River Process Facility is a newly built conventional cyanide
carbon plant which achieves 97% recovery of gold with current capacity of
100 tons per day. The plant employs 37 individuals including metallurgists,
engineers, chemists and shift workers. Plans are currently underway to
increase the capacity of the plant in increments to 500 tons per day. There
is currently no National Instrument 43-101 compliant reserve associated
with this property.
Minera Nevada maintains an administrative staff of 16 in the Machala
office and network of exploration geologists throughout Ecuador.
In addition to the above properties, the Company will have an option on
eight other unique gold exploration properties elsewhere in Ecuador
including: Bella Maria, Cuenca, Fierro Urco, Santa Barbara Aurelian,
Virom, Naranjal, Chilla and Bucay.
Cautionary Statement
Readers are cautioned that while the historical data quoted herein is
considered to be relevant, it is based on publicly available sources and
does not comply with the guidelines of National Instrument 43-101 as it is
not data based on mineral resource estimates verified by a Qualified
Person. Readers should not rely upon the historical data until it can be
verified by a National Instrument 43-101 compliant study which the Company
intends to carry out in due course.
About Capella Resource Ltd.
Capella is a junior exploration company currently exploring for a world
class gold deposit on its Tinton Gold Property located 15 kilometres
west-northwest of the historic Homestake Mine in the Black Hills of South
Dakota. In its 125 year history the Homestake Mine produced more than 40
million ounces of gold. With a team of ex-Homestake professionals, Capella
has intensified its search for another giant. Capella is currently
obtaining the necessary environmental and exploration permits in
preparation of a January 2007 drill start-up.
The Company is also active in the Maricunga Gold and Copper District of
northern Chile. It has recently completed a phase 1 drill program at its
Lajitas Property (Dorado) in the Maricunga. Results are pending. The
Company holds a 100% interest in all of its properties.
CAPELLA RESOURCES LTD.
Per:
R.A. Bruce McDonald, Director and Chairman of the Board
Capitalization Report for Capella Resources Ltd
Shares Issued: 22930922
Shares Escrow: 0
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this news
release.
TEL: 775-721-8883 Mr. Richard Bachman, President & Chief
Geological Officer, Capella Resources
WEBSITE: www.capellaresources.com.
(c) Market News Publishing Inc. Tel:(604) 689-1101
All rights reserved. Fax:(604) 689-1106
Who now owns the American Sharft?
Minera Miramonte
Miramonte Mining AG adquiere a Nicaragua Gold S.A. por US¤8,5 ...- [ Translate this page ]Miramonte Mining AG es una compañía minera de oro de pequeña capitalización con un creciente portafolio de proyectos en Ecuador. ...
noticias.aol.com/articulos/_a/miramonte-mining-ag-adquiere-a-nicaragua/n20071228135609990015 - 56k - Cached - Similar pages
Miramonte Mining AG acquired Nicaragua Gold SA ¤ 8.5 million for U.S.
Notimex
Posted: 2007-12-28 13:56:33
ZURICH, Switzerland, December 27 / PRNewswire / - Miramonte Mining (ISIN CH0028351796 / WKN A0MMH6) today announced the signing of an agreement of sale to acquire Nicaragua Gold SA, located in Managua, Nicaragua. The net value of 100% of the shares is U.S. ¤ 8.5 million. The acquisition will be paid through a cash payment of US ¤ ¤ 3.5 million and US $ 5 million in common stock Miramonte Mining quoted at 0.70 euros per unit.
"The acquisition of Nicaragua Gold SA enhances our portfolio of concession areas also outside Ecuador," said Lary Williams, CEO of Miramonte Mining AG. "The underlying price per share of 0.70 euros for the shares of Miramonte Mining demonstrates the strength of our company," adds Lary Williams.
Nicaragua Gold SA Was founded in 2006. The company holds the concession area of a procession in the gold area of Santo Domingo, in Nicaragua. After the acquisition, Miramonte Mining expanded and improved the processing plant gold mine. "We believe that by the end of 2008 would remove 400 tons of ore per day in Santo Domingo," said Lary Williams.
On the ground current of Portovelo / Zaruma, Ecuador, Miramonte Mining is in the process of expanding the production capacity of 100 tons of ore per day.
About Miramonte Mining AG
Miramonte AG Mining is a gold mining company with a small capitalization growing portfolio of projects in Ecuador. The corporate headquarters is located in Zurich, Switzerland. The Miramonte Mining shares are traded on the Frankfurt Open Market (ISIN CH0028351796 / WKN A0MMH6)
Contact Miramonte Mining AG Tel +41 (0) 4350016 23 Fax +41 (0) 4350016 24 E-Mail: investors@miramontemining.com www.miramontemining.com/ trio-financial relations AG Michael Goliath Tel +49 (0) 69 95 90 83 12 Fax +49 (0) 69 95 90 83 99 E-Mail: @ m.goliath financial-relations.de
Miramonte Mining AG CONTACT: Miramonte Mining AG, +41 (0) 43-500-16-23, Fax, +41 (0) 43-500-16 - 24, investors@miramontemining.com; or Michael Goliath, trio - financial relations AG, +49 (0) 69-95-90-83-12, Fax, +49 (0) 69-95-90-83-99, m.goliath @ financial-relations.de
Website: www.miramontemining.com/
& & NEWSWIRE