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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Currie Rose Resources Inc | TSXV:CUI | 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% | 0.055 | 0.05 | 0.065 | 0 | 01:00:00 |
Currie Rose Resources Inc. (the "Company") (TSX VENTURE:CUI) has been informed by its joint venture partner, Sub-Sahara Resources NL ("Sub-Sahara"), it has accepted an offer for the sale of all its gold assets located in Tanzania. Under the current joint venture agreement between the Company and Sub-Sahara, the Company has 120 days to exercise its first right of refusal, at the exercise price of $100,000 Aud, on the Lake Victoria joint venture properties (Mabale and Nyamirembe Tenements), forming part of the properties Sub-Sahara Resources plans on selling. The Company intends to exercise its right of first refusal which will result in the Company owning 100% of the Mabale tenements that host the Mwamazengo gold discovery and Nyamirembe tenements. On completion of the transaction, the Company's land holdings in Tanzania will consist of a 100% interest in Mabale and Nyamirembe, 100% interest in Jubilee Reef (joint venture with Barrick Gold) and the Sekenke joint venture in which the Company has earned 30% interest, with the right to earn up to a 70% interest. The Company views this transaction to be an important step for the Company moving forward with its portfolio of gold properties in Tanzania. ON BEHALF OF THE BOARD OF DIRECTORS Harold Smith, President The Qualified person for the release of this exploration information is Michael Griffiths MAusIMM, Director of Currie Rose Resources Inc. and Managing Director of Sub-Sahara Resources NL.
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