TORONTO, April 22, 2013 /PRNewswire/ -- Great Rock
Development Corp. (OTCPK: GROC) is pleased to announce that it has
acquired rare earth extraction technologies for the purpose of
supporting its exploration project in the Cobequid Highlands of
Nova Scotia with a low cost rare
earths extraction procedure in exchange for 10 million common
shares of Great Rock Development Corp. These shares will be
subject to a Rule 144 restricted legend restricting the resale for
a period of 2 years. Additionally the company will pay a
royalty of 8% on profits generated through the application of the
technology.
Direct from the Technology Metals Summit 2013, a conference
dealing for rare earths and critical minerals, Chairman Dr. Luc C
Duchesne: "The technology promises to provide the company with a
technological advantage in extracting heavy rare earths from the
type of rock formation of the Cobequid Highlands.
Traditionally rare earths have been extracted from different rock
types but not from the types in the Cobequid Highlands. The company
intends to utilize this technology on its current and future claims
and is looking toward entering into joint development agreements
with other mining and exploration companies using this technology
for leveraging the highest possible return from mining and
purifying heavy rare earth elements."
About Great Rock Development
Great Rock Development Corporation is junior mineral exploration
company with significant experience in renewable resource and
energy management.
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For more
information visit:
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www.greatrockdev.com
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Danny
Wong, CEO: 416 526 7582
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Disclaimer: Shareholders and investors are strongly
cautioned against placing undue reliance on information set forth
in these communications in making any investment decisions
concerning our securities. The matters set forth in this press
release are forward-looking statements within the meaning of the
"safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements are subject to
risks and uncertainties that may cause actual results to differ
materially. These risks are detailed from time to time in the
Company's periodic reports filed with the OTCMarkets.com including
the Company's Annual Report, Quarterly Reports and other periodic
filings. These forward-looking statements speak only as of the date
hereof. The Company disclaims any intent or obligation to update
these forward-looking statements.
SOURCE Great Rock Development Corp.