Venga: GMI Resumes Liberian Gold Mining Operations
09 Mars 2011 - 7:44PM
Marketwired Canada
Venga Aerospace Systems Inc. (TSX VENTURE:VAV)(PINK SHEETS:VNGAF) (the
"Company") announced that it has received confirmation that the Company's mining
affiliate, Global Mineral Investments, LLC ("GMI") has resumed its Liberian gold
mining operations with dredging having now been restarted at GMI's Dugbe River
site. "We resumed our full dredging operations on the Dugbe River on February
25, 2011," stated GMI's President, Jon O'Regan. "Our equipment is on site and
working well and to maximize the operational season, we are now employing 5
shifts of three divers daily," continued O'Regan.
GMI further confirmed that it continues to be in direct consultations with the
RAM Consulting Group ("RAM") with respect to RAM's potential financing of GMI's
proposed Liberian based mining operations.
This press release contains forward-looking statements within the meaning of the
"safe harbor" provisions of the Private Securities Litigation Reform Act of
1995.
These forward-looking statements are subject to certain risks and uncertainties
that may cause the Company's results to differ materially from expectations and
speak only as of the date hereof.
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