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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (483)	2/1/2013 7:42:21 PM
From: Goose94	Read Replies (1) \| Respond to of 202922

Angkor Gold (ANK-V) completes Oyadao tenement sale Jan 22, 2013 - News Release Angkor Gold Corp. has completed the strategic transaction announced on Jan. 3, 2013, for the sale of a 78-square-kilometre subsection of its 300-square-kilometre Oyadao tenement to All Solutions (Cambodia) Co. Ltd., a privately a held company in partnership with Chinese gold miner Canxiang Mining Co. Ltd. Under the terms of the deal, the $2.4-million (U.S.) payment from Allsol to Angkor was held in escrow pending issuance of the new exploration licence. The new 78-square-kilometre exploration licence has been issued to Allsol and the total payment has now been received by Angkor. Angkor retains the remaining 222 square kilometres of the existing Oyadao licence. Mike Weeks, chief executive officer and chairman, commented: "The completion of this transaction strengthens our financial position and enables us to expand our 2013 exploration program. We look forward to providing fuller details of our 2013 exploration program in due course. In the interim, we invite our shareholders and the investment community to visit our newly updated corporate presentation, available on our website, to learn more about our action-based strategy and why we are Cambodia's premier gold explorer." About Cambodia Cambodia is relatively unexplored and yet is already known to contain multiple deposits with grades that are suggestive of economic viability. The two transactions announced by Angkor in January, 2013, underline this opportunity. The participation of Mesco Gold in Cambodia confirms that others are now recognizing Angkor's valuation of Cambodia's potential for gold and other mineral opportunities. Cambodia offers Angkor's shareholders an exciting advantage: Angkor acquired licences with strong histories of artisanal mining; Angkor's prospects are accessible, minable and well serviced; and Angkor continues to explore efficiently, maximizing the low exploration costs. Cambodia has a stable, democratic government, a business-friendly environment and strong infrastructure in place. Angkor's midterm ambition is to self-finance its exploration activities. In Cambodia, Angkor intends to make a positive difference while rewarding its shareholders with strong steady value creation. Solid progress has been made over the past three years; 24 per cent of the company is owned by insiders, and the management team offers the right blend of technical and business experience. The two transactions announced by Angkor in January, 2013, constitute a very small percentage of Angkor's land package. We seek Safe Harbor.