Greenock Resources: Update
19 Gennaio 2010 - 9:19PM
Marketwired
Greenock Resources Inc. (TSX VENTURE: GKR) ("Greenock") announces
that it has no material information regarding the current activity
in its stock that has not been disclosed to the market.
Greenock has closed the final tranche of $24,500 of a total
private placement for $210,000. The private placement of units of
Greenock consists of common shares in Greenock at a deemed issuance
price of $0.07 per common share and three warrants to purchase one
common share at an exercise price of $0.12. The three warrants will
automatically convert into one common share after June 30, 2010, in
the event that the common shares trade at or above $0.15 for a
period of twenty consecutive trading days. Each unit of the private
placement is priced at $3,500 and consists of 50,000 common shares
and 50,000 warrants. All securities issued pursuant to the private
placement are subject to a four month hold period following the
closing date.
Greenock is continuing to seek joint venture partners and/or
investors for the Kakanda Copper/Cobalt project in the Democratic
Republic of the Congo ("DRC") to finance the next stage of the
tailings concession joint venture with Gecamines, the DRC State
Mining Company. The next stage will include arrangements to pay the
property fees and complete a detailed technical feasibility study.
PTM Minerals, a wholly owned subsidiary of Greenock, is one of 22
companies on the approved list of the DRC government agencies and
is the company that is the party to the Kakanda project
agreements.
About Greenock:
Greenock Resources Inc. (formerly Simberi Mining Corporation) is
a Canadian based international mineral development company that
focuses on developing a portfolio of natural resource
properties.
Greenock's main development project is the Kakanda Copper/Cobalt
project in the Democratic Republic of the Congo that is a joint
venture with Gecamines, the Congolese state mining company
(Greenock 70% Gecamines 30%). This copper/cobalt deposit in the
Central African Copper Belt is adjacent to the Tenke Fungurume
project presently being developed by Freeport McMoRan Gold &
Copper Company and Tenke Mining Corp.
The Kakanda tailings project has NI 43-101 measured and
indicated resources of 18.5 million tonnes with an average grade of
1.25% copper and 0.15% cobalt. Adjacent hard rock deposits have a
historical resource of 18.6 million tonnes with an average grade of
3.19% copper and 0.19% cobalt.
The company hold a 100% interest in the Needles gold/silver
property located in the Arrowhead mining district Nye County,
Nevada. This property is approximately 40 miles southeast of the
Barrick - Kinross Round Mountain Gold Mine that has had historical
underground mining for gold and silver in the early 1920's.
Greenock's holdings in Australia include the nickel and platinum
group metal exploration property Merlot and a shareholding in the
uranium exploration company Raisama listed on the Australian Stock
Exchange. Raisama has acquired a number of high potential
exploration projects including Lambina from Greenock and the Sunday
Creek uranium property in Western Australia that is adjacent to the
Kintyre uranium property currently being developed by Cameco.
This press release includes certain "Forward-Looking Statements"
within the meaning of the US Private Securities Reform Act of 1995.
Other than statements of historical fact, all statements are
"Forward-Looking Statements" that involve such various known and
unknown risks, uncertainties and other factors. There can be no
assurance that such statements will prove accurate. Results and
future events could differ materially from those anticipated in
such statements. Readers of this press release are cautioned not to
place undue reliance on these "Forward-Looking Statements". Michael
Newbury, P.Eng., is the qualified person who has reviewed this
material on behalf of the Company. All dollar amounts are noted in
Canadian dollars unless otherwise stated in this release.
Neither the 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.
Contacts: Greenock Resources Inc. James S. Hershaw CFO &
Vice President, Corporate/Mineral Development (416) 603.7200 (416)
603.9200 (FAX) info@greenockresources.com
www.greenockresources.com
Grafico Azioni Greenock Resources (TSXV:GKR)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Greenock Resources (TSXV:GKR)
Storico
Da Giu 2023 a Giu 2024