M45 Mining Resources Inc. Has Entered Negotiations for the Purchase of Major Quebec Resort
18 Settembre 2008 - 2:30PM
Marketwired
M45 Mining Resources Inc. (PINKSHEETS: MRES) today announced that
they have entered negotiations with a private group of owners to
acquire a local resort in the Province of Quebec. The property up
for acquisition already has been evaluated in its present state at
twenty eight million dollars ($28,000,000.00). The project has
potential in the development side with various opportunities and
avenues.
With successful acquisition of this property M45 will have a new
advantage in their portfolio. M45 still retains its current Mining
Claims in Matagami, of which it holds four major zinc anomalies;
these claims are owned outright. This however will be a diverse
portfolio but a strategic advantage for the company in the way of
assets.
Updates concerning this negotiation will be made public as soon
as they become available. Upon completion of the transaction there
will be detailed project plans shown on M45's website, detailing
project concepts for future development. A team will immediately be
hired by the company for the developments.
Forward-Looking Statements
Please be advised that statements made herein, other than
historical data, constitute forward-looking statements that involve
risks and uncertainties that could cause actual results to differ
materially from those stated or implied by such forward-looking
statements. The potential risks and uncertainties include, among
others, potential volatility in the company's stock price,
increased competition, customer acceptance of new products and
services offered by the company, and uncertainty of future revenue
and profitability and fluctuations in its quarterly operating
results.
MRES CONTACT NUMBER M45 Mining Resources Inc. (516) 596-8976
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