Legacy Goes Platinum in Guyana
09 2월 2013 - 6:56AM
Legacy Wine & Spirits International Ltd. (Pink Sheets:LWSP)
announces the signing of a Letter of Intent ("LOI") with Mojave
Gold Corporation ("Mojave"), www.mojavegoldcorp.com of Largo,
Florida.
The LOI allows for Legacy to have the right to earn up to a 30%
interest in Target #1(Kaburi Anorthosite) of Mojave's PGM Project
in their Platinum/Palladium licenses in Guyana. The arrangement
also calls for an exchange of shares for both companies and a cash
commitment from Legacy to Mojave for the Target #1 work
program.
Mojave, through its majority owned subsidiaries GlobalMin LLC
and GlobalMin Guyana Inc. have already been granted an exclusive
Reconnaissance Permit (Permission for Geological and Geophysical
Survey) to work on the concessions. The negotiations for the Permit
were conducted directly with Guyana's Prime Minister, with review
by the Guyana Geology and Mines Commission (GGMC).
"With more than a decade of substantial Guyana field and
analytical work performed by Dr. Paul Lechler, the retired Nevada
Bureau of Mines and Geology Chief Geochemist, we feel very excited
to be part of this tremendous opportunity which will greatly
enhance our shareholders' share value," states Jaclyn Cruz,
President.
Visit our site: www.legacywineandspirits.com
The Legacy Wine and Spirits International Ltd. logo is available
at http://www.globenewswire.com/newsroom/prs/?pkgid=8328
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: The statements contained herein which are not
historical fact are forward-looking statements that are subject to
risks and uncertainties that could cause actual results to differ
materially from those expressed in the forward-looking statements,
including, but not limited to, certain delays in testing and
evaluation of products and other risks detailed from time to time
in Legacy's filings with the Securities & Exchange
Commission.
CONTACT: Jaclyn Cruz, President
1-888-488-6882
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