Regency Gold and Sirius Exploration Terminate Property Purchase Agreement

Regency Gold Corp. ("Regency") (NEX:RAU.H) and Sirius Exploration LLC have
agreed to terminate two mineral property purchase and operating agreements dated
effective March 7, 2008 and July 2, 2008 between Regency and its US subsidiary,
and Sirius and its principals. As part of the termination agreement, Regency
will transfer title and its rights to all of its mineral claims in Nevada to
Sirius in consideration of Sirius returning all 425,000 shares previously issued
to it by Regency for return to treasury and cancellation.


"The Board of Directors of Regency has chosen to maintain the Company's strong
capital structure and solid balance sheet rather than to pursue early stage
exploration efforts on these projects," commented Bill Radvak, President & CEO
of Regency. "While we maintain that these mineral prospects have strong
potential, in this adverse capital market environment it is best that the
Company pursue other projects, either inside or outside the mineral exploration
arena."


William J. Radvak, President & CEO

Regency Gold (TSXV:RAU.H)
과거 데이터 주식 차트
부터 9월(9) 2024 으로 10월(10) 2024