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April 01, 2010 - George Medovoy, Jewish Exponent Feature
Old Sacramento offers a street -- and some tracks -- back to the past I bet Gov. Arnold Schwarzenegger dreams of a second Gold Rush to get California out of its economic doldrums. Maybe something like the one in 1849? That's when gold was discovered about 50 miles northeast of Sacramento, California's capitol, touching off a massive migration of people hoping to "strike it rich.
Denarii Resources Inc.is pleased to announce that it has completed its due diligence on the potential acquisition of a substantial Gold Mining Property in North East California
Posts: 107 | Registered: Mar 2010
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DNRR nice news!!!Denarii Resources Inc. Announces Joint Venture Agreement on the Lota Bay Concession in Chile
CARSON CITY, Nev., April 5, 2010 GLOBE NEWSWIRE Denarii Resources Inc. (OTCBB:DNRR) (Berlin:8D3) (Frankfurt:8D3) and the board of Directors of Denarii Resources Inc. are pleased to announce that the Company is in the process to renegotiate its agreement on the Lota Bay Coal Concession located in Lota Bay, Chile.
The new agreement is a Joint Venture between Denarii Resources Inc., and Southern Energy Company Inc., and includes Maria Ines Moraga Latapiat, the original owner of the Concession.
The new agreement will reduce the number of shares that Denarii agreed to deliver under the original agreement from 10,000,000 to 5,000,000 shares. Denarii in turn will receive 120% of all the funds advanced from 80% of the profits from the Coal recovery. When these funds are paid in full, Denarii will receive 50% of all the remaining profits.
Southern Energy and associates over the past few months has developed relationships with a team of consultants and professionals in Chile. Denarii will benefit from these efforts along with the money that Southern Energy has invested to date with significant savings in the projects development costs.
As a result of this new agreement, Denarii will have more time and money to focus on the company's pursuit to acquire in production on near production gold mining projects
Posts: 428 | From: Michigan | Registered: Oct 2009
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