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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: LoneClone who wrote (17187)	7/30/2006 8:46:05 PM
From: koan	Read Replies (1) of 78419

That could be a great find LC-the total pkg i.e chrome and nickel-lol: 2006-07-26 16:26 ET - News Release Shares issued 203,036,890 ORL Close 2006-07-26 C$ 0.74 Dr. Sergey Kurzin reports ORIEL RESOURCES PLC CONFIRMS THE SALE OF GOLD ASSETS ENHANCING FOCUS ON ITS KAZAKHSTAN-BASED CHROME AND NICKEL PROJECTS Oriel Resources PLC has confirmed the completion of the previously announced transfer and sale of its gold-related assets into Lero Gold Corp. (formerly ELE Capital Corp.). Lero is expected to resume trading on the TSX Venture Exchange on Thursday, July 27, 2006, under the trading symbol "LER." The transaction represented a reverse takeover (as such term is defined in the TSX-V Corporate Finance Manual) of ELE Capital. Oriel currently holds 63.1 per cent of the issued capital of Lero. Prior to the completion of the transaction, the shares in ELE have traded at 60 cents valuing the Oriel investment at $18.0-million or $15.66-million (U.S.). Oriel's shareholding in Lero is subject to TSX-V escrow conditions. Executive chairman of Oriel, Dr. Sergey V. Kurzin, said: "I am pleased that the completion of this sale concludes our stated

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