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Blue Ribbon Capital Corp. announces details of qualifying transaction with Kilo Goldmines Inc.
TORONTO, Aug. 27 /CNW Telbec/ – Further to its preliminary news release
of September 27, 2007 and a subsequent press release issued on May 12, 2008,
BLUE RIBBON CAPITAL CORP. (TSX-V: BRQ.P – "Blue Ribbon"), a capital pool
company, is pleased to announce that it has entered into an arm's length
binding letter agreement (the "Agreement") with Kilo Goldmines Inc. ("Kilo"),
originally dated September 27, 2007, as amended on April 12, 2008, pursuant to
which it has agreed to acquire, directly or indirectly, all of the issued and
outstanding shares of Kilo Goldmines Inc. (the "Kilo Shares"). The acquisition
of Kilo will be Blue Ribbon's qualifying transaction (the "Qualifying
Transaction") pursuant to the rules and policies of the TSX Venture Exchange
(the "Exchange") and will result in the listing of Blue Ribbon as a Tier 2
Resource Issuer.
Banro Files NI 43-101 Technical Report on Twangiza Pre-Feasibility Study
August 18th, 2008 – Posted in Precious Metal
Read MoreBuy into Africa by David Stevenson (Investors Chronicle (uk), Aug 15, 2008)
Africa is booming. From Mauritius to Botswana, Ghana to Uganda, African economies are growing at a rate of 5-6 per cent a year. Hedge funds, retail fund managers and private equity investors are swarming all over the continent, with the biggest potential seen in an area called SSA, or sub-Saharan Africa.
Read MoreBanro Intersects 16.60 metres grading 8.03 g/t Au and 47 metres grading 2.38 g/t Au in Pre-Feasibility Drilling at Twangiza Gold Project
Other drill intersections include, 27.00 metres grading 3.68 g/t Au, 24.70
metres grading 3.72 g/t Au and 15.90 metres grading 6.84 g/t Au
05.08.08 Central African Mining says operations restart at Mukondo Mountain, DRC (Thomson Financial, UK)
LONDON – Central African Mining & Exploration Co. Plc. said operations restarted its Mukondo Mountain mine in the DRC in February 2008.
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