Royal Standard Minerals, Inc. (RYSMF) Has Exercised Its Option to Purchase 100% Interest in the Railroad Project, Elko County, N
08 Septembre 2009 - 11:53AM
Marketwired
MANHATTAN, NV--(Marketwire - 09/08/09) - Royal Standard
Minerals, Inc. (OTC.BB:RYSMF - News) (CUSIP 780919106) ("RSM")
announces its has purchased 100% interest in the Railroad project,
located in Elko County, Nevada, and sold its 100% interest to an
unrelated private company for a total transaction price of $2.965
million. RSM's net after payout of the option to purchase exercise
is $1.2 million. As part of this transaction, RSM retains a 1% NSR
royalty and received 500,000 common shares in the private company.
This transaction closed on August 31, 2009. The Company retains its
100% interest in the Pinon and Darkstar properties and the included
land position in Elko County, Nevada.
Plans for 2009-2010 continue to include evaluating all options
to maximize shareholder value to include several initiatives that
are expected to unlock the inherent value of the existing assets
that are 100% controlled by the Company in Nevada. As stated
previously, RSM will seek to develop a capital structure that will
finance the Company for future growth over the next two years. This
effort includes capitalizing the Goldwedge and the Pinon projects
toward further development and identifying potential joint venture
or investment partners that are capitalized for growth.
RSM is a natural resource exploration and development company,
www.royalstandardminerals.com
For further information about this release contact Mr. Roland
Larsen, (775) 487-2454 and/or Mr. Rich Kaiser, Investor Relations,
800-631-8127.
Royal Standard Minerals cautions that the statements made in
this press release constitute forward-looking statements, and no
guarantees of future performance and actual results or developments
may differ materially from the projections in the forward-looking
statements. Forward-looking statements are based on the estimates
and opinions of management at the time the statements are made.
Royal Standard Minerals (CE) (USOTC:RYSMF)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Royal Standard Minerals (CE) (USOTC:RYSMF)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024
Real-Time news about Royal Standard Minerals Inc (CE) (OTCMarkets): 0 recent articles
Plus d'articles sur Royal Standard Minerals Inc.