Lero Gold Corp. Continues to Pursue Interested Parties for Tokhtazan Sale
26 Novembre 2007 - 4:13PM
Marketwired
LONDON, UNITED KINGDOM (TSX VENTURE: LER), the base and precious
metal exploration company, advise that the sale and purchase
agreement (announced June 19, 2007) between Lero and a subsidiary
of Delta Industrial B.V.I. for all of the issued and outstanding
shares of its wholly-owned subsidiary, Tournon Finance Limited has
expired.
The Company has retained the non-refundable deposit and is
actively pursuing other interested parties.
Tournon is the 100% beneficial owner of Oriel in Kyrgyzstan LLP,
which holds the exploration and mining licences for the Tokhtazan
and Akdjol areas in western Kyrgyzstan.
Notes to Editors:
Lero Gold Corp. (TSX VENTURE: LER) is a base and precious metal
exploration company led by a senior management team with extensive
expertise in mineral exploration and advanced project
management.
In July, 2006 Oriel Resources Plc completed its previously
announced transfer and sale of its gold related assets into Lero
Gold Corporation ('Lero') (formerly ELE Capital Corporation -
'ELE'). Lero resumed trading on TSX Venture Exchange (TSX-V) on
Thursday July 27, 2006 under the trading symbol "LER".
Lero Gold is currently seeking and evaluating advanced
exploration stage gold and base metal projects in Kazakhstan,
Kyrgyzstan and Russia. The Company is currently exploring two
advanced staged gold deposits in the Tien Shan gold belt in the
Kyrgyz Republic. For avoidance of confusion;
- The Taldybulak copper gold porphyry is a separate deposit from
the Taldybulak gold deposit previously owned by Central Asia Gold
Limited.
The Company is aggressively adding high quality properties to
its portfolios in Kyrgyzstan, Kazakhstan and Russia. The Company is
well-funded and strategically positioned to fully participate in
the current favourable investment climate through solid technical
advances, unique in-country expertise, and timely business
initiatives. With senior management and excellent technical
expertise, Lero Gold intends to aggressively explore and develop a
portfolio of new projects and targets.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Lero Gold Corporation Nick Clarke President & CEO
+44 (0) 20 7514 0590 Lero Gold Corporation Darryl Yea Non-Executive
Chairman (604) 699-2458 Lero Gold Corporation Gavin Dallas
Marketing and PR +44 (0) 20 7514 0590 Email: info@lerogold.com
Website: www.lerogold.com Bankside Consultants Michael Padley /
Michael Spriggs +44 (0) 20 7367 8888
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