Otish Energy Options Kaburi Gold Project in Guyana, SA
2010年12月18日 - 12:41AM
Marketwired
Otish Energy Inc. (the "Company") (TSX VENTURE: OEI) pleased to
announce it has signed a letter of intent with Misters Clinton and
Henry Alphonso, of Georgetown Guyana, SA, whereby the Company will
acquire all of the hardrock mining rights (the "Rights") in the
Guyana Geology and Mines Commission Large Scale Prospecting Licence
No. 01/2009 in the Kaburi Area, Mazaruni, Guyana SA.
The consideration payable by the Company for the purchase of the
Rights will be one hundred and fifty thousand US dollars
(US$150,000) and 900,000 common shares in the capital of the
Company which shares will subject to the usual 4 month restricted
period required by the TSX Venture Exchange and applicable
securities legislation.
The purchase of the Rights is subject to due diligence by the
Company and the completion of formal documentation.
The first step in evaluating this Property the Company intends
to undertake an independent NI 43-101 Report which will recommend
an initial exploration program.
This news release may contain forward-looking statements based
on assumptions and judgments of management regarding future events
or results. Such statements are subject to a variety of risks and
uncertainties which could cause actual events or results to differ
materially from those reflected in the forward-looking statements.
The Company disclaims any intention or obligation to revise or
update such statements.
On Behalf of the Board of Otish Energy Inc.
Steve Smith, President
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: Otish Energy Inc. Steve Smith President 604 642-0115
604 642-0116 (FAX) steve.smith@telus.net www.otishenergyinc.com
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