Bralorne Signs New 2014 Gold Concentrate Sales Contract
09 Ottobre 2013 - 2:00PM
Marketwired Canada
Bralorne Gold Mines Ltd. (TSX VENTURE:BPM)(OTCQX:BPMSF)(FRANKFURT:GV7)
("Bralorne" or the "Company") has entered into a contractual agreement (the
"Agreement") for the sale of its gold flotation concentrate produced at the
Bralorne mine for the coming year of 2014. Pursuant to the Agreement, the buyer
has agreed to provide quarterly advances with the first advance to be
approximately $730,000.
The advance will bear interest of 8% per annum and interest accrued will be
settled upon each shipment made on a bi-monthly basis.
The Company is pleased to have completed this Agreement as it secures the cash
flow stream for flotation concentrate to be produced over the coming year of
2014. The advance provides the means for ongoing operations and expansion of
exploration activities. We are excited to have developed a strong relationship
with our buyer for the sale of future gold flotation concentrate.
For more information, please visit our website at: www.bralorne.com
ON BEHALF OF THE BOARD
William Kocken, Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release. This release contains statements
that are forward-looking statements and are subject to various risks and
uncertainties concerning the specific factors disclosed under the heading "Risk
Factors" and elsewhere in the Company's periodic filings with Canadian
securities regulators. Such information contained herein represents management's
best judgment as of the date hereof based on information currently available.
The Company does not assume the obligation to update any forward-looking
statement.
FOR FURTHER INFORMATION PLEASE CONTACT:
Bralorne Gold Mines Ltd.
William Kocken
Chief Executive Officer
604.682.3701
604.682.3600 (FAX)
ir@bralorne.com
www.bralorne.com
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