Mindoro Sells 30 Million RMX Shares
07 Marzo 2014 - 7:49PM
Marketwired
Mindoro Sells 30 Million RMX Shares
EDMONTON, ALBERTA--(Marketwired - Mar 7, 2014) - Mindoro
Resources Ltd. (TSX-VENTURE:MIO)(FRANKFURT:WKN 906167)(ASX:MDO)
("Mindoro", or "the Company") today advised that it has sold 30
million shares of Red Mountain Mining Ltd. ("Red Mountain") through
the facilities of the Australian Stock Exchange in a single trade
at a price of A$0.016 (A$0.016 converted into Canadian dollars
using an exchange rate of $1.00 = A$1.0022, being the closing
exchange rate reported by the Bank of Canada on March 6, 2014).
Further to Mindoro's February 18, 2014, press release and
pursuant to Mindoro reacquiring its contractual rights to several
tenements in the Philippines, including Tapian San Francisco,
Mindoro has returned four million Red Mountain shares to Red
Mountain for cancellation. Subsequent to these two transactions,
Mindoro now holds 66 million shares, or a 9.6% interest in the
capital of Red Mountain.
Mindoro holds its Red Mountain shares for investment purposes
and may dispose of or acquire further shares of Red Mountain as
investment conditions warrant.
On behalf of the Board of Directors,
Tony Climie, CEO
About Mindoro
Mindoro is a Tier 1 Issuer trading on the TSX Venture Exchange
(MIO), Australian Securities Exchange (MDO) and Frankfurt Stock
Exchange (WKN 906167). Mindoro has a 75% interest and an option to
acquire the remaining 25% in the Agata Nickel Project, Mindanao,
and the Pan de Azucar Sulphur-Copper-Gold Project, Iloilo. TVIRD
has the option to earn up to a 60% interest in these projects by
meeting the earn-in requirements outlined in the June 24, 2013,
release. Mindoro also holds a 9.6% stake in ASX listed Red Mountain
Mining (ASX:RMX), which has a 100% direct and indirect interest in
the Batangas gold and copper-gold projects.
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.
Tony Climie P.Geol., is the CEO of Mindoro Resources Ltd and
has sufficient experience which is relevant to the style of
mineralization and type of deposit under consideration and to the
activity which he is undertaking to qualify as a qualified person
as defined by National Instrument 43-101. Tony Climie consents to
the inclusion in the report of the matters based on the information
in the form and context in which it appears.
This release may contain forward-looking statements
including management's assessments of future plans and operations,
and expectations of future production. These statements are based
on current expectations that involve a number of risks and
uncertainties, which could cause actual results to differ
materially from those anticipated. These risks include, but are not
limited to, the risks associated with the mining and exploration
industry (e.g. operational risks in development, exploration and
production; delays or changes in plans with respect to exploration
or development projects or capital expenditures; the uncertainty of
reserve estimates; the uncertainty with respect to results of
exploration, the uncertainty of estimates and projections relating
to production and the uncertainty of the availability of capital).
The assumptions used in the preparation of such statements,
although considered reasonable at the time of preparation, may
prove to be imprecise and, as such, undue reliance should not be
placed on forward-looking statements. The Company does not
undertake to update forward-looking statements except where
required to do so by law.
For investor relations inquiries, please emailir@mindoro.com, or
telephone one of the following:Australia:Clayton Northey+61 3 9028
8187Canada:Penny Gould+780.719.8895www.mindoro.comCHF Investor
Relations:Jeanny So+1 416 868 1079 ext. 225
Grafico Azioni Mindoro Resources Ltd. (TSXV:MIO)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Mindoro Resources Ltd. (TSXV:MIO)
Storico
Da Giu 2023 a Giu 2024