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PACIFIC CASCADE ANNOUNCES EXCLUSIVITY AGREEMENT ON COLOMBIAN PROPERTIES
Apr. 6, 2011 (TheNewswire.ca) -- VANCOUVER, BRITISH COLUMBIA - (April 06, 2011) Pacific Cas...
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[{"type":"text","content":"\nPACIFIC CASCADE ANNOUNCES EXCLUSIVITY AGREEMENT ON COLOMBIAN PROPERTIES\n\n Apr. 6, 2011 (TheNewswire.ca) -- VANCOUVER, BRITISH COLUMBIA - (April 06, 2011)Pacific Cascade Minerals Inc (the \"Company\") is pleased to announce it has entered into an exclusivity agreement with AFRICAN HUNTER S.A. (\"AHSA\"), a company incorporated under the laws of the Republic of Panama.AHSA has an agreement (the \"San Pedro Mining Partnership Agreement\") with Edgar Rincón Marin for the development and exploitation of certain mining rights in mining concessions held by Mr. Marin in the Republic of Colombia. The San Pedro Mining Partnership land package consists of 3 contiguous mining consessions in Bolivar State duly registered with the Columbian mining authority, totalling 460 hectares.AHSA has granted the Company an exclusivity period (the \"Exclusivity Period\") expiring on June 30, 2011 to conduct due diligence to verify all rights and title of the San Pedro Mining Partnership Agreement. The Company intends during the Exclusivity Period to engage a Qualified Person to conduct a geological survey of the property, sampling of existing mine works and bulk sample preparation for suitable metallurgical testing of current artisanal mining operations on the San Pedro Mining Partnership consessions. If the Company is satisfied with its due diligence, it intends to negotiate with AHSA the formal terms of an option agreement to acquire the interest of AHSA under the San Pedro Mining Partnership Agreement.In consideration of the grant of the Exclusivity Period, the Company will pay $10,000 to AHSA.FOR FURTHER INFORMATION PLEASE CONTACT:The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. We seek safe harbourON BEHALF OF THE BOARD OF DIRECTORS,\"Harold Forzley\"Harold Forzley, President / CEO\nPacific Cascade Minerals Inc. (TSXV:PCV) For more information contact Harold Forzley, President /CEO, at:Telephone: (604) 637-1341\nEmail: [email protected] (c) 2011 Thenewswire.ca - All rights reserved.\n\n\n\n","length":2337,"tagName":"div"}]