Owner
Post by Franko10 ™ on Dec 5, 2005 10:03:59 GMT -5
Entourage Mining Terminates Forte Diamond Property Agreement
VANCOUVER, British Columbia, Dec. 5, 2005 (PRIMEZONE) -- Entourage Mining Ltd. (the "Company") (OTCBB:ETGMF) wishes to announce that the Company has made the decision to terminate its agreement with CMKM Diamonds, Inc. and Nevada Minerals, Inc. dated October 20, 2005, whereby the Company was to acquire an interest in the Forte Diamond Property in Saskatchewan in exchange for the issuance of 5,000,000 of its common shares.
The Agreement was first announced on October 20, 2005.
The Company decided to terminate the Agreement in part because it appeared, after due diligence, that it was not possible for other parties to the Agreement to perform their obligations under its terms. The Agreement is also being terminated in part because of the financial burden (as much as Cdn $400,000) that it appeared the Company would have to spend to maintain the claims comprising the Forte Diamond Property and the likelihood that other interest holders in the Forte Property did not have the financial resources to make similar expenditures.
ON BEHALF OF THE BOARD OF DIRECTORS
"Paul Shatzko"
Paul Shatzko, Director
Forward-Looking Statements:
Except for historical information contained herein, the statements in this press release may be forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Entourage Mining Ltd.'s actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, volatility of commodity prices, product demand, market competition, and risks inherent in Entourage Mining Ltd.'s operations. These and other risks are described in the Company's Annual Report on Form 20-F and other filings with the Securities and Exchange Commission.
For more information contact Craig Doctor at 604-278-4656 or visit the Company website at www.entouragemining.com.
CONTACT: Entourage Mining Ltd.
Craig Doctor
(604) 278-4656
craig@entouragemining.com
VANCOUVER, British Columbia, Dec. 5, 2005 (PRIMEZONE) -- Entourage Mining Ltd. (the "Company") (OTCBB:ETGMF) wishes to announce that the Company has made the decision to terminate its agreement with CMKM Diamonds, Inc. and Nevada Minerals, Inc. dated October 20, 2005, whereby the Company was to acquire an interest in the Forte Diamond Property in Saskatchewan in exchange for the issuance of 5,000,000 of its common shares.
The Agreement was first announced on October 20, 2005.
The Company decided to terminate the Agreement in part because it appeared, after due diligence, that it was not possible for other parties to the Agreement to perform their obligations under its terms. The Agreement is also being terminated in part because of the financial burden (as much as Cdn $400,000) that it appeared the Company would have to spend to maintain the claims comprising the Forte Diamond Property and the likelihood that other interest holders in the Forte Property did not have the financial resources to make similar expenditures.
ON BEHALF OF THE BOARD OF DIRECTORS
"Paul Shatzko"
Paul Shatzko, Director
Forward-Looking Statements:
Except for historical information contained herein, the statements in this press release may be forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Entourage Mining Ltd.'s actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, volatility of commodity prices, product demand, market competition, and risks inherent in Entourage Mining Ltd.'s operations. These and other risks are described in the Company's Annual Report on Form 20-F and other filings with the Securities and Exchange Commission.
For more information contact Craig Doctor at 604-278-4656 or visit the Company website at www.entouragemining.com.
CONTACT: Entourage Mining Ltd.
Craig Doctor
(604) 278-4656
craig@entouragemining.com
