Mongolia Approves Meritus Acquisition of Gold Property from Troy Resources
Meritus Minerals Ltd MER
4/26/2010 11:15:07 AM
Apr 26, 2010 (TheNewswire.ca via COMTEX News Network) -- (via Thenewswire.ca)
2010-04-26
Mr Terry Bates reports,
Vancouver, British Columbia: Meritus Minerals Ltd (Meritus),(TSX-V.MER) is pleased to announce that the Mongolian Government has approved the acquisition of Troy Resources Ltd's. (Troy),(TSX- TRY) subsidiary in Mongolia by Meritus as stated on 20/1/2010.
As required by law, the Mongolian Government has: i) Approved the purchase of Troy's shares in Troy Mongolian Alt Resources LLC
(TMAR) by Meritus, ii) Approved the name change of TMAR to Meritus MGL LLC
and the appointment of new directors representing Meritus. All approvals to the transaction required by Mongolian law have now been received. These approvals clear the way for Meritus to commence exploration on the Gutain Davaa high grade gold project in northern Mongolia through Meritus MGL LLC
Meritus' subsidiary now holds an 80% interest in the Gutain Davaa project and has agreed to purchase the remaining 20% of the shares in (GD) held by a Mongolian company as disclosed on the 8th of April, 2010. Registration of this share transaction is underway. For the purposes of this release the qualified person is Mr T.E.Bates, MSc (Geol), the company's Chief ExecutiveOfficer
and President. All technical information in this release has been reviewed or compiled by Mr. Bates who is a Member of The Australian Institute of Mining and Metallurgy and a qualified person as defined by NI 43-101.
Meritus Minerals Ltd (TSX.V.MER) is a mineral explorationcompany committed to building shareholder value through acquisition of base and precious metal properties. For additional information, contact Richard Schnoor at 604 618-9327 or visit our website at www.meritusminerals.com
On Behalf of the Board ofDirectors
Meritus Minerals Ltd.
Terence E. Bates - CEO and President
For further Information please email to: meritusml@fpt.vn
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Such forward-looking statements or information, including but not limited to those with respect to the prices of copper, estimated future production, estimated costs of future production, permitting time lines, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such factors include, among others, the actual prices of copper, the factual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's documents filed from time to time with the securities regulators in the Provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador
Copyright (c) 2010 Thenewswire.ca - All rights reserved.
2010-04-26
Mr Terry Bates reports,
Vancouver, British Columbia: Meritus Minerals Ltd (Meritus),(TSX-V.MER) is pleased to announce that the Mongolian Government has approved the acquisition of Troy Resources Ltd's. (Troy),(TSX- TRY) subsidiary in Mongolia by Meritus as stated on 20/1/2010.
As required by law, the Mongolian Government has: i) Approved the purchase of Troy's shares in Troy Mongolian Alt Resources LLC
(TMAR) by Meritus, ii) Approved the name change of TMAR to Meritus MGL LLC
and the appointment of new directors representing Meritus. All approvals to the transaction required by Mongolian law have now been received. These approvals clear the way for Meritus to commence exploration on the Gutain Davaa high grade gold project in northern Mongolia through Meritus MGL LLC
Meritus' subsidiary now holds an 80% interest in the Gutain Davaa project and has agreed to purchase the remaining 20% of the shares in (GD) held by a Mongolian company as disclosed on the 8th of April, 2010. Registration of this share transaction is underway. For the purposes of this release the qualified person is Mr T.E.Bates, MSc (Geol), the company's Chief Executive
Meritus Minerals Ltd (TSX.V.MER) is a mineral exploration
On Behalf of the Board of
Meritus Minerals Ltd.
Terence E. Bates - CEO and President
For further Information please email to: meritusml@fpt.vn
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Such forward-looking statements or information, including but not limited to those with respect to the prices of copper, estimated future production, estimated costs of future production, permitting time lines, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such factors include, among others, the actual prices of copper, the factual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's documents filed from time to time with the securities regulators in the Provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador
Copyright (c) 2010 Thenewswire.ca - All rights reserved.
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