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SAKH Sakha Enterprises Corp (PK)

0.02505
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Sakha Enterprises Corp (PK) USOTC:SAKH OTCMarkets 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% 0.02505 0.0153 0.03 0.00 01:00:00

Sakha Enterprises Corporation Acquires All Outstanding Shares of AZTEK LLC

03/06/2008 1:30pm

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Sakha Enterprises (PK) (USOTC:SAKH)
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TORONTO is pleased to announce that it has reached an agreement with ARCON CAPITAL LLC to acquire all of the outstanding shares of AZTEK LLC, a Buryatia based gold mining company.

ARCON owns all of the outstanding shares of AZTEK.

AZTEK's gold deposits are evaluated at 3 million ounces of proven and projected reserves. This acquisition is one of the several projects SAKHA is undertaking in the Russian Federation and is a first significant step to make the company a fast growing corporation benefiting shareholders and all other participants, says Franz Dobnik, President and CEO of Sakha Enterprises.

In compliance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, Sakha notes that statements contained in this announcement that are not historical facts may be forward-looking statements that are subject to a variety of risks and uncertainties. Accordingly, Sakha wishes to caution readers of this announcement that its future actual results may differ materially from those that any forward-looking statements may imply. There is no assurance the above-described events will be completed. There can be no assurance of the ability of the Company to achieve sales goals, obtain contracts or financing, consummate acquisitions or achieve profitability in the future.

Sakha Enterprises Corporation
1 First Canadian Place, Suite 350,
Toronto, Canada, M5X 1C1

Common shares outstanding: 46,000,000
Share Float: 3,000,000

FOR FURTHER INFORMATION, CONTACT: Franz Dobnik President Phone: (416) 830-0905 Email: Email Contact Website: www.sakhaenterprises.com

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