Goldrush Sells Pompoi Permit
30 Abril 2014 - 3:00AM
Access Wire
VANCOUVER, BRITISH COLUMBIA / ACCESSWIRE / April 30, 2014 /
Goldrush Resources Ltd. (TSX-V: GOD) ("Goldrush" or the "Company")
announces that it has sold its Pompoi exploration permit and the
rights to the adjoining Banguiou exploration permit application for
a consideration of CDN$435,000 and a fixed net smelter return
royalty of 1.5% on gold sold from the Pompoi and Banguiou permit
for a period of 15 years. The royalty may be repurchased at anytime
for a cash consideration of CDN$1,500,000. Both the permit and
permit application are located on the Hounde greenstone belt in
Burkina Faso.
Commented Len Brownlie, President and CEO of Goldrush:" With the
continuing difficult market for junior exploration companies, we
are pleased that we were able to increase Goldrush's treasury
without dilution of our existing shareholders while retaining some
upside potential should the permits develop into an economic
deposit."
For further information on Goldrush Resources Ltd., shareholders
and other interested parties are invited to visit the Company's
website at www.goldrushresources.ca.
ON BEHALF OF THE BOARD OF DIRECTORS,
GOLDRUSH RESOURCES LTD.
"Len Brownlie"
Len Brownlie - President and Chief Executive Officer
Contact Information:
For Goldrush:
Len Brownlie, President and CEO: info@goldrushresources.ca
1-604-602-9973
About Goldrush: Goldrush is a Canadian mineral exploration
company, focused on gold exploration in Burkina Faso, West
Africa.
FORWARD-LOOKING STATEMENTS: This news release contains certain
"forward-looking statements" within the meaning of Section 21E of
the United States Securities Exchange Act of 1934, as amended.
Except for statements of historical fact relating to the company,
certain information contained herein constitutes forward-looking
statements. Forward-looking statements are frequently characterized
by words such as "plan," "expect," "project," "intend," "believe,"
"anticipate", "estimate" and other similar words, or statements
that certain events or conditions "may" or "will" occur, and
include, without limitation, statements regarding the Company's
plans with respect to exploration and development, future
financings, the sale or joint venture of some of the Company's
exploration permits and the consolidation of the Company's share
capital. Forward-looking statements are based on the opinions and
estimates of management at the date the statements are made, and
are subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ
materially from those projected in the forward-looking statements.
These factors include the inherent risks involved in the
exploration and development of mineral properties, the
uncertainties involved in interpreting drilling results and other
geological data, fluctuating metal prices, the possibility of
project cost overruns or unanticipated costs and expenses,
uncertainties relating to the availability and costs of financing
needed in the future and other factors. The Company undertakes no
obligation to update forward-looking statements if circumstances or
management's estimates or opinions should change. The reader is
cautioned not to place undue reliance on forward-looking
statements. Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE: Goldrush Resources Ltd.
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