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NW New World Resource Corp

0.205
0.00 (0.00%)
31 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
New World Resource Corp TSXV:NW 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% 0.205 0.50 0.50 0 01:00:00

New World Receives Second Cash Installment from Lipena Partner, MARTE

07/01/2013 1:20pm

Marketwired Canada


New World Resource Corp. (TSX VENTURE:NW)(FRANKFURT:NWU) ("New World" or the
"Company") announces that pursuant to an amended option agreement (reported
October 11, 2012) the Company has received the second cash installment of
US$250,000 from Empresa Minera Marte S.R.L ("MARTE") whereby MARTE has earned
17.4% interest in the Lipena copper-gold project in Southern Bolivia.


Under the terms of the agreement, MARTE may earn an additional 20% by spending
US$1,250,000 in mineral exploration expenditures on the Lipena copper-gold
project over a period of 12 months.


New World now holds 57.6% of the Lipena project and MARTE holds 42.6%. Upon
Completion of the transaction, MARTE will hold 62.4% and New World will hold
37.6%.


New World plans to use proceeds of the cash payments to identify and acquire
assets in a mining-friendly jurisdiction. The Company is presently evaluating
several possible projects and hopes to release more information on this
initiative in the coming weeks.


About New World

New World Resource Corp. is a Canadian based exploration company focused on
building a strong, diversified project portfolio within the Americas. The
Company's projects include the Lipena/Bonete copper-gold project and the Pastos
Grandes lithium brine project in Bolivia.


NEW WORLD RESOURCE CORP.

John Lando, President

This news release includes "forward-looking information", as such term is
defined in applicable securities laws. The forward-looking information includes,
without limitation, statements regarding the completion of the Amended Agreement
and the Company's evaluation of new projects. This forward-looking information
is given as of the date of this news release. Users of forward-looking
information are cautioned that actual results may vary from the forward-looking
information contained herein. While the Company has based this forward-looking
information on its expectations about future events as at the date that such
information was prepared, the information is not a guarantee of the Company's
future performance and is subject to risks, uncertainties, assumptions and other
factors which could cause actual results to differ materially from future
results expressed or implied by such forward-looking information. Such factors
and assumptions include, amongst others, the effects of general economic
conditions, the price of lithium, changing foreign exchange rates and actions by
government authorities, uncertainties associated with legal proceedings and
negotiations and misjudgments in the course of preparing forward-looking
information. In addition, there are also known and unknown risk factors which
could cause the Company's actual results, performance or achievements to differ
materially from any future results, performance or achievements expressed or
implied by the forward-looking information. Known risk factors include, among
others, risks relating to exploration and development; the ability of the
Company to obtain additional financing; the Company's limited operating history;
the need to comply with environmental and governmental regulations; political
and economic instability and general civil unrest in Bolivia; potential defects
in title to the properties; fluctuations in currency exchange rates; fluctuating
prices of commodities; operating hazards and risks; competition; and other risks
and uncertainties. Although the Company has attempted to identify important
factors that could cause actual actions, events or results to differ materially
from those described in forward-looking information, there may be other factors
that cause actions, events or results not to be as anticipated, estimated or
intended. There can be no assurance that forward-looking information will prove
to be accurate, as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking information. The Company is under no
obligation to update or alter any forward-looking information except as required
under applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
New World Resource Corp.
John Lando
President
604-669-2701 or Toll Free: 1-800-663-0510
604-687-4670 (FAX)
info@newworldresource.com
www.newworldresource.com

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