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allida
schrieb am 09.08.12 15:29:19
Beitrag Nr.141
(43.475.543)
Bewertung: 1 x
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PRESS RELEASES 8/9/2012 9:04:45 AM | Marketwire News
Uragold Signs a Term Sheet With Bolero to Sell the Asbury Graphite Mine
August 9, 2012 - 09:04:45 AM MONTREAL, QUEBEC--(Marketwire - Aug. 9, 2012) - Uragold (the "Company""UBR") (TSX VENTURE:UBR), is pleased to announce that it has entered into a non-binding Term Sheet ("Term Sheet") with Bolero Resources Corp. (TSX VENTURE:BRU) to negotiate a Definitive Agreement (the "Agreement") for the purchase of the Asbury mining claims, currently held by Uragold.
Under the terms of the agreement, Bolero is required to make an initial contribution of $30,000 CDN to UBR and a second cash payment of $70,000 CDN within thirty days of the signed term sheet. Upon closing of the transaction Bolero will make a further payment of $200,000 CDN and pay a yearly royalty of .75% on the net production cost for a period of 10 years after the start of production.
Bolero and UBR will enter into a definitive written Agreement for the acquisition of the Asbury mining claims assets held by UBR. As consideration for the transfer and sale of the Claims and related assets, Bolero at the closing will issue an amount of Bolero shares equal to 5,000,000 common shares.
Patrick Levasseur, president and COO of Uragold stated. "Combining UBR's Asbury Graphite property with Bolero's world class Graphite properties, technical team and management, represent an outstanding opportunity. Bolero is doing all the right steps to become a major graphite player. This transaction generates significant value to Uragold's shareholders while allowing us to focus our on developing our gold projects."
About Uragold Bay Resources Inc.
Uragold Bay Resources is a junior exploration company trading on the TSX Venture Exchange under the symbol UBR. Uragold holds gold properties in Southern Quebec's Appalachian belt. The properties benefit from extensive historical exploration work and from well-established infrastructure thereby helping to reduce exploration risks. Uragold's business model focuses on developing, a series of potential small scale low-cost mining operations for their potential in generating cash flow while simultaneously exploring core properties that hold the potential for the discovery of blue sky gold deposits like the MacDonald project.
Shares outstanding: 42,247,633
Uragold Signs a Term Sheet With Bolero to Sell the Asbury Graphite Mine
August 9, 2012 - 09:04:45 AM MONTREAL, QUEBEC--(Marketwire - Aug. 9, 2012) - Uragold (the "Company""UBR") (TSX VENTURE:UBR), is pleased to announce that it has entered into a non-binding Term Sheet ("Term Sheet") with Bolero Resources Corp. (TSX VENTURE:BRU) to negotiate a Definitive Agreement (the "Agreement") for the purchase of the Asbury mining claims, currently held by Uragold.
Under the terms of the agreement, Bolero is required to make an initial contribution of $30,000 CDN to UBR and a second cash payment of $70,000 CDN within thirty days of the signed term sheet. Upon closing of the transaction Bolero will make a further payment of $200,000 CDN and pay a yearly royalty of .75% on the net production cost for a period of 10 years after the start of production.
Bolero and UBR will enter into a definitive written Agreement for the acquisition of the Asbury mining claims assets held by UBR. As consideration for the transfer and sale of the Claims and related assets, Bolero at the closing will issue an amount of Bolero shares equal to 5,000,000 common shares.
Patrick Levasseur, president and COO of Uragold stated. "Combining UBR's Asbury Graphite property with Bolero's world class Graphite properties, technical team and management, represent an outstanding opportunity. Bolero is doing all the right steps to become a major graphite player. This transaction generates significant value to Uragold's shareholders while allowing us to focus our on developing our gold projects."
About Uragold Bay Resources Inc.
Uragold Bay Resources is a junior exploration company trading on the TSX Venture Exchange under the symbol UBR. Uragold holds gold properties in Southern Quebec's Appalachian belt. The properties benefit from extensive historical exploration work and from well-established infrastructure thereby helping to reduce exploration risks. Uragold's business model focuses on developing, a series of potential small scale low-cost mining operations for their potential in generating cash flow while simultaneously exploring core properties that hold the potential for the discovery of blue sky gold deposits like the MacDonald project.
Shares outstanding: 42,247,633
glennmorrison
schrieb am 10.08.12 13:52:44
Beitrag Nr.142
(43.480.040)
Antwort
Zitat
Wahrscheinlich ein sehr guter Deal..
Das gibt kurzfristig wichtig benötigtes Geld..
Leider keine Markt Reaktion. Interessiert sich niemand für diesen Titel?
Bulk Sampling sollte bald kommen!
Das gibt kurzfristig wichtig benötigtes Geld..
Leider keine Markt Reaktion. Interessiert sich niemand für diesen Titel?
Bulk Sampling sollte bald kommen!
allida
schrieb am 05.09.12 17:52:47
Beitrag Nr.143
(43.572.363)
Antwort
Zitat
PRESS RELEASES 9/5/2012 10:54:34 AM | Marketwire News
Uragold Signs Definitive Agreement With Bolero to Sell the Asbury Graphite Mine
September 5, 2012 - 10:54:34 AM MONTREAL, QUEBEC--(Marketwire - Sept. 5, 2012) - Uragold (the "Company"or "UBR")(TSX VENTURE:UBR), is pleased to announce that it has entered into definitive agreement, dated August 25th, 2012, with Bolero Resource Corp ("Bolero" or "BRU") for the sale of UBR's "Asbury" mining claims. The closing of the transaction shall be completed on or before October 15, 2012. The terms of the agreement are the same as disclosed in Uragold's press release dated August 9th, 2012. Bolero's shares trade on the TSX Venture Exchange under the symbol "BRU".
The transaction is also subject to receipt by Bolero of the approval of the TSX Venture Exchange.
Under the terms of the agreement, Bolero is required to make a non-reimbursable cash payment of $30,000 CDN to UBR which has been paid prior to the date of signature of the Agreement and a second non-reimbursable cash payment of $70,000 CDN on or before September 28, 2012. Upon closing of the transaction Bolero will make a further payment of $200,000 CDN and shall issue to UBR at closing five million (5,000,000) common shares of its capital stock, and thereafter pay a yearly royalty of .75% on the net production cost for a period of 10 years after the start of production.
About Uragold Bay Resources Inc.
Uragold Bay Resources is a junior exploration company trading on the TSX Venture Exchange under the symbol UBR. Uragold holds gold properties in Southern Quebec's Appalachian belt. The properties benefit from extensive historical exploration work and from well-established infrastructure thereby helping to reduce exploration risks. Uragold's business model focuses on developing, a series of potential small scale low-cost mining operations for their potential in generating cash flow while simultaneously exploring core properties that hold the potential for the discovery of blue sky gold deposits like the MacDonald project.
Shares outstanding: 42,247,660
Uragold Signs Definitive Agreement With Bolero to Sell the Asbury Graphite Mine
September 5, 2012 - 10:54:34 AM MONTREAL, QUEBEC--(Marketwire - Sept. 5, 2012) - Uragold (the "Company"or "UBR")(TSX VENTURE:UBR), is pleased to announce that it has entered into definitive agreement, dated August 25th, 2012, with Bolero Resource Corp ("Bolero" or "BRU") for the sale of UBR's "Asbury" mining claims. The closing of the transaction shall be completed on or before October 15, 2012. The terms of the agreement are the same as disclosed in Uragold's press release dated August 9th, 2012. Bolero's shares trade on the TSX Venture Exchange under the symbol "BRU".
The transaction is also subject to receipt by Bolero of the approval of the TSX Venture Exchange.
Under the terms of the agreement, Bolero is required to make a non-reimbursable cash payment of $30,000 CDN to UBR which has been paid prior to the date of signature of the Agreement and a second non-reimbursable cash payment of $70,000 CDN on or before September 28, 2012. Upon closing of the transaction Bolero will make a further payment of $200,000 CDN and shall issue to UBR at closing five million (5,000,000) common shares of its capital stock, and thereafter pay a yearly royalty of .75% on the net production cost for a period of 10 years after the start of production.
About Uragold Bay Resources Inc.
Uragold Bay Resources is a junior exploration company trading on the TSX Venture Exchange under the symbol UBR. Uragold holds gold properties in Southern Quebec's Appalachian belt. The properties benefit from extensive historical exploration work and from well-established infrastructure thereby helping to reduce exploration risks. Uragold's business model focuses on developing, a series of potential small scale low-cost mining operations for their potential in generating cash flow while simultaneously exploring core properties that hold the potential for the discovery of blue sky gold deposits like the MacDonald project.
Shares outstanding: 42,247,660
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