ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

GBK Goldbrook Ventures

0.00
0.00 (0.00%)
Last Updated: -
Delayed by 15 minutes
Share Name Share Symbol Market Type
Goldbrook Ventures TSXV:GBK TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Goldbrook Ventures Inc. Retains Renmark Financial Communications Inc.

03/09/2010 7:28pm

Marketwired Canada


NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES


Goldbrook Ventures Inc. (TSX VENTURE:GBK) ("Goldbrook" or the "Company") is
pleased to announce that it has retained the services of Renmark Financial
Communications Inc. to handle its investor relations activities.


"We are pleased to announce that we have selected Renmark to reinforce
Goldbrook's profile in the financial community and enhance the visibility of our
project portfolio. We chose Renmark because its standards and methodologies fit
best with the message we wish to communicate to the investing public," noted
David Baker, Chairman and Director of Goldbrook Ventures Inc.


In consideration of the services to be provided, the Company has agreed to a
12-month agreement starting August 1st, 2010, to pay a monthly retainer of
$7,000 a month to Renmark Financial Communications Inc.


Renmark Financial Communications does not have any interest, directly or
indirectly, in Goldbrook Ventures Inc. or its securities, or any right or intent
to acquire such an interest.


About Goldbrook

Goldbrook Ventures is engaged in the exploration and development of
Nickel-Copper-Platinum Group Element sulphide deposits - a class of mineral
deposit that, due to its polymetallic nature, has an advantage of protection
against individual metal price cycles and has strong long term supply-demand
fundamentals. Goldbrook's quest for discovery is focused in the Raglan District
of Northern Quebec, a district that hosts Xstrata's Raglan operations, arguably
one of the world's most profitable nickel-copper-PGE mines. Goldbrook is the
District's single largest holder of mineral rights, with a 100% interest in
863,000 acres.


Goldbrook's Raglan project is in the third year of an option-joint venture
agreement with Jilin Jien Nickel Industry Co., Ltd.("Jilin Jien") under which
they can earn a fifty percent interest in the Goldbrook properties by funding
minimum exploration expenditures of $45 million (plus reinvestment of Quebec
rebates). To date, Jilin Jien has funded exploration costs totaling
approximately $44 million, and we expect that they will reach the required total
expenditures to complete their earn-in by the completion of the 2010 exploration
program.


Goldbrook also owns 25% of the voting shares of Jien Canada Mining Ltd. (which
successfully acquired Canadian Royalties Inc.), the owner of the
nickel-copper-cobalt-platinum-palladium-gold deposits in the Raglan mining
district which collectively form the Nunavik Nickel Project.


ON BEHALF OF THE BOARD:

David Baker, Chairman and Director

Cautionary Note Regarding Forward-Looking Statements

Certain of the statements made herein may contain forward-looking statements or
information within the meaning of Canadian securities laws and the applicable
securities laws of the United States. Such forward looking statements or
information include, but are not limited to, statements or information with
respect to Goldbrook's plan for future exploration and development of its
properties.


Forward-looking statements or information are based on a number of estimates and
assumptions and are subject to a variety of risks and uncertainties, which could
cause actual events or results to differ from those reflected in the
forward-looking statements or information. Should one or more of these risks and
uncertainties materialize, or should underlying estimates and assumptions prove
incorrect, actual results may vary materially from those described in forward
looking statements or information. Factors related to such risks and
uncertainties, and underlying estimates and assumptions include, among others,
the following: the ability of Goldbrook to advance development of its
properties; price volatility of nickel and other metals; impact of any hedging
activities, including margin limits and margin calls; discrepancies between
actual and estimated production, between actual and estimated resources, and
between actual and estimated metallurgical recoveries; mining operational risk;
regulatory restrictions, including environmental regulatory restrictions and
liability; risks of sovereign investment; speculative nature of mineral
exploration; defective title to mineral claims or property, litigation,
legislative, environmental and other judicial, regulatory, political and
competitive developments; technological or operational difficulties or inability
to obtain permits encountered in connection with exploration activities; and
labour relations matters. Accordingly, undue reliance should not be placed on
forward looking statements or information. We do not expect to update
forward-looking statements or information continually as conditions change,
except as may be required by law.


1 Year Goldbrook Ventures Chart

1 Year Goldbrook Ventures Chart

1 Month Goldbrook Ventures Chart

1 Month Goldbrook Ventures Chart

Your Recent History

Delayed Upgrade Clock