Titan Resources International Corp. (TNRI) 100% Ownership of Property in Abitibi Gold Belt
08 9월 2012 - 4:45AM
Marketwired
Titan Resources International Corp. www.titan-resource.com
(PINKSHEETS: TNRI) is pleased to announce that the company has
executed an option agreement to acquire 100% ownership of a gold
property located in the Abitibi gold belt of the Val D'Or mining
region of northern Quebec, Canada.
The transaction will be closed on an all cash balance in a
stress free and shareholder friendly structured payment format,
namely no dilution of TNRI common shares. The agreement calls for a
work commitment that is currently being discussed. This work
commitment will be disclosed in a future press release and
disclosure document along with a scheduled work table. Due to the
area's mining history, activities and development coupled with
rising commodity prices, there is currently a premium to
exploration activities.
We are excited to begin this new venture and feel that this
opportunity will provide positive results for our shareholders. The
Company exploration program will be anywhere from 3 to 5 years and
the goal is to update existing data embracing modern mineral
exploration methods. The Company would like to advise all their
shareholders that this is a due process, one meaning the drilling
or production will not commence until after our exploration is
completed.
Additional news will be released on a timely and frequent
basis.
About Titan Resources International Corp.:
Titan Resources International Corp. is a publicly traded
resource exploration company dedicated to the acquisition,
exploration and development of small to medium size precious metals
properties of exceptional merit. Please visit our company website
at www.titan-resource.com.
This news release contains forward-looking statements.
Forward-looking statements are statements which relate to future
events. In some cases, you can identify forward-looking statements
by terminology such as "may," "should," "expects," "plans,"
"anticipates," "believes," "estimates," "predicts," "potential" or
"continue" or the negative of these terms or other comparable
terminology. These statements are only predictions and involve
known and unknown risks, uncertainties and other factors that may
cause our or our industry's actual results, levels of activity,
performance or achievements to be materially different from any
future results, levels of activity, performance or achievements
expressed or implied by these forward-looking statements. While
these forward-looking statements, and any assumptions upon which
they are based, are made in good faith and reflect our current
judgment regarding the direction of our business, actual results
will almost always vary, sometimes materially, from any estimates,
predictions, projections, assumptions or other future performance
suggested herein.
Contact Information Titan Resources International Corp.
647-693-8463 Website: http://www.titan-resource.com
Titan Resources (CE) (USOTC:TNRI)
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Titan Resources (CE) (USOTC:TNRI)
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