New Island Resources Inc.: Response to Anaconda's Press Release of February 18, 2009
20 2월 2009 - 4:24AM
Marketwired
New Island Resources Inc. (New Island)(TSX VENTURE: NIS) of St.
John's wishes to clarify its position on the Press Release issued
yesterday February 18, 2009 by Anaconda Mining Inc. (Anaconda)
concerning the LOI between Anaconda and Crew Gold Corporation
(Crew). Anaconda states that New Island has challenged, among other
things, Anaconda's right to pursue the toll milling processing
arrangement with Crew. The press release, as presented, was not
approved by New Island.
Anaconda presently holds a 30% interest in the Pine Cove
property in Newfoundland. They have not met the terms and
conditions under the Option and Joint Venture Agreement signed
November 2003, that would allow them to earn an extra 30% in the
property by bringing a 500 tons per day mill into full commercial
production, which up to now, they have been unable to achieve.
Anaconda unilaterally negotiated a non-binding LOI with Crew
without any input from New Island. New Island was not privy to any
negotiations until the LOI was signed and, upon request, presented
to New Island on February 4, 2009. New Island has been in
discussions with Anaconda since then on the legitimacy of the
agreement signed with Crew.
While New Island believes that custom milling at Nugget Pond is
beneficial and is prepared to negotiate a fair sharing of revenue
in good faith, it has determined that the LOI, as presented, was
not in compliance with the Option and Joint Venture Agreement and
has notified Anaconda of such. New Island intends to hold Anaconda
to the terms and conditions of the Option and Joint Venture
Agreement and will use these same terms and conditions to assure
that the rights of New Island's 70% interest and its shareholders
are fully protected.
New Island regrets the release by Anaconda of incomplete
internal discussions without its approval and wishes to ensure its
shareholders that it will act vigorously in their best interest in
bringing this issue to a successful conclusion.
Statements contained in this release that are not historical
facts are forward-looking statements, which involve known and
unknown risks and uncertainties not under the company's control,
which may cause actual results, performance or achievements of the
company to be materially different from the results, performance or
expectations implied by these forward-looking statements.
"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: New Island Resources Inc. Harold L. Wareham President
(709) 576-7711 (709) 576-2236 (FAX) Email:
info@newislandresources.com
New Island Resources (TSXV:NIS)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
New Island Resources (TSXV:NIS)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024