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Post by Franko10 ™ on Jul 27, 2005 17:07:37 GMT -5
U.S. Canadian Minerals Purchases Additional Interests In Saskatchewan
LAS VEGAS -- U.S. Canadian Minerals Inc. (OTCBB: UCAD) announced today that it has purchased an additional 20% interest in claims in Saskatchewan in the Fort a la Corne area. The company had previously acquired a 20% interest from Nevada Minerals Inc. under its Joint Venture Agreement bringing its total ownership interest to 40%. The company will exchange 100,000 shares of the company's Preferred Class A stock, which have conversion and voting rights to common shares.
Rendal Williams, CEO of U.S. Canadian, stated, "We are excited to have acquired additional interests in these claims, which we believe will increase shareholder value and may have possibilities for positive economic results. Based on information from the fly-overs conducted by Goldak's Navaho aircraft equipped with a tri-maxial magnetic gradiometer, completed in April, May and June, exploration targets will be set for the next level of operations."
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.
COPYRIGHT 2004 Business Wire
COPYRIGHT 2004 Gale Group
LAS VEGAS -- U.S. Canadian Minerals Inc. (OTCBB: UCAD) announced today that it has purchased an additional 20% interest in claims in Saskatchewan in the Fort a la Corne area. The company had previously acquired a 20% interest from Nevada Minerals Inc. under its Joint Venture Agreement bringing its total ownership interest to 40%. The company will exchange 100,000 shares of the company's Preferred Class A stock, which have conversion and voting rights to common shares.
Rendal Williams, CEO of U.S. Canadian, stated, "We are excited to have acquired additional interests in these claims, which we believe will increase shareholder value and may have possibilities for positive economic results. Based on information from the fly-overs conducted by Goldak's Navaho aircraft equipped with a tri-maxial magnetic gradiometer, completed in April, May and June, exploration targets will be set for the next level of operations."
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.
COPYRIGHT 2004 Business Wire
COPYRIGHT 2004 Gale Group
