6911 search
Nortec Minerals Corp.
TSX-V NVT.V 0,02 CA$ 0,00%
Logo

Nortec Minerals withdraws and cancels the Memoranda of Understanding on the 100% Acquisition of Golden Zone Project, East-central Alaska

Publié le 17 novembre 2014

November 17, 2014 9:44 am

Vancouver, BC / TNW - Accesswire / Vancouver, B.C., November 17, 2014 - Further to the press release, dated September 22, 2014, Nortec Minerals Corp. (TSX-V: NVT), ("Nortec" or the "Company") reports the Company will not be proceeding with the 100% acquisition of the Golden Zone Property in South-central Alaska. The two Memoranda of Understanding ("MOU") signed by Nortec, Chulitna Mining Company LLC, Mines Trust Co. and Hidefield Gold, Limited & Hidefield Gold (Alaska) in September, 2014 is cancelled.

The Company had to undertake this decision due to the difficult market conditions for raising sufficient capital to prepare for the development of the Golden Zone Property and in general for junior exploration and mining companies.

About Nortec Minerals Corp.

Nortec is a mineral exploration and development company based in Vancouver, British Columbia. The Company has a 100% interest in the Tammela Gold & Lithium Project in South-West Finland; The Company also holds a majority shareholding interest in its subsidiary, Finore Mining Inc. Finore controls a 100% interest in the Lantinen Koillismaa PGE-Au-Cu-Ni deposit, Finland. Information on the Company's projects can be referred to on www.nortecminerals.com

On behalf of the Board of Directors,

NORTEC MINERALS CORP.

"Mohan R. Vulimiri"

Mohan R. Vulimiri, CEO and Chairman

The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this news release.

This press release contains certain forward looking statements which involve known and unknown risks, delays and uncertainties not under the Company's control which may cause actual results, performances or achievements of the Company to be materially different from the results, performances or expectations implied by these forward looking statements. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.

View Press Release List
Les autres articles de la compagnie
Announces Further Excellent Results From The KAUKUA Property
Announces Incentive Stock Options
Announces 65m @ 1.57g/t PGE+Au on the KAUKUA Property, Finla
Announces 14m @ 1.02% Nickel from TL (Tasisuak Lake) Propert
Second Tranche of Non - Brokered Private Placement Closed
Dans la même rubrique
Canadian Stocks Rise as Gold Producers, Valeant Advance
17/11/14 16:42
Dacian Gold Limited (ASX:DCN) AGM Presentation
17/11/14 01:22
Canada Stocks Rise for Sixth Day as Gold, Energy Shares Adva
12/11/14 15:37
New Gold to buy Bayfield; Scorpio and US Silver & Gold to me
10/11/14 15:44
Canada Stocks Rise for Third Day on Jobs Reports as Gold Ral
07/11/14 15:29
Gold firms plan drastic cuts to stay afloat as bullion sinks
06/11/14 12:25
Articles en illimité et contenus premium Je m'abonne
Editoriaux
et Nouvelles
Actions
Minières
Or et
Argent
Marchés La Cote
search 6911
search