SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Dino's Bar & Grill
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Goose94 who wrote (9566)1/22/2015 9:52:59 AM
From: Goose94Read Replies (2) of 202448
 
Ivory Resources Inc., a wholly-owned subsidiary of Brilliant Resources (BLT-V) Jan 22, '15 is pleased to announce that it has agreed to relinquish all its rights and interests under the terms of its Exploration Services Agreement with the government of the Republic of Equatorial Guinea (the "Government") and to work with the Government to open up the Río Muni area of the country to mining.

Courtenay Wolfe, the Chair of Brilliant, stated "We are pleased to have reached an agreement with the government of Equatorial Guinea. We believe that through the survey and interpretive service previously performed by Ivory Resources under the exploration service agreement, a strong foundation has been established for other international mining companies to bring significant benefits to Equatorial Guinea and its people. We look forward to assisting the government and its people in the future."

Under the terms of the agreement reached between Ivory Resources and the Government, the Government agreed to pay Ivory Resources US$31.5 million in cash in three installments. The first installment of US$11.5 million is payable within seven days, the second installment of US$10 million is payable in a further thirty days and the final installment of US$10 million is payable within thirty days thereafter. Upon receipt of the final payment owing, Ivory Resources will withdraw its request for arbitration against the Government, which had been submitted in June 2014.

For further information about Brilliant Resources Inc. or this news release, please visit our website www.brilliantresources.com.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Brilliant Resources Inc.
Courtenay Wolfe
416-505-8555
info@brilliantresources.com
www.brilliantresources.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News