Business

PRIMA COLOMBIA HARDWOOD INC. AND PACIFIC LUMBER EXECUTE FORMAL AGREEMENT TO JOIN FORCES IN COLOMBIA

May 5, 2011 (Canada NewsWire Group) -- TSX-V: PCT VANCOUVER, May 5 /CNW/ - Prima Colomb...

articleBravern Ventures Ltd.May 5, 20115/company/bravern-ventures-ltd/news/prima-colombia-hardwood-inc-and-pacific-lumber-execute-formal-agreement-to-join-forces-in-colombia
PRIMA COLOMBIA HARDWOOD INC. AND PACIFIC LUMBER EXECUTE FORMAL AGREEMENT TO JOIN FORCES IN COLOMBIA

About this update from Bravern Ventures Ltd.

[{"type":"text","content":"\n\n\n May 5, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTSX-V: PCT\n\n\nVANCOUVER, May 5 /CNW/ - Prima Colombia Hardwood Inc. (TSX-V: PCT) ("Prima") is pleased to announce that pursuant to the LOI reported on March 4,\n 2011, it has entered into a formal agreement (the "Agreement") with\n Pacific Lumber S.AS. ("Pacific") to join forces in Colombia to further develop Prima as a major\n international tropical hardwood timber development, production and\n marketing company.\n\n\nThe Agreement with Pacific anticipates the potential addition of rights\n to harvest up to 31.5 million cubic meters pursuant to timber\n concessions to be obtained by Prima through the efforts of Pacific (or\n approximately 10 times Prima's current timber reserves).\n\n\nPacific is part of Blue Pacific Assets Corp. with extensive expertise in\n developing highly successful natural resource projects in Colombia.\n\n\n"Concluding this agreement with Pacific is an important milestone for\n Prima in its goal to increase its timber reserves", says Donald P.\n Hayes, CEO.\n\n\nPrima's timber reserve under its current license is 3,121,720 cubic\n meters from an area of 44,596 hectares. All Prima forestry concession\n are intended to be operated following the highest standards of\n sustainable forestry and environmental management.  Prima brings over\n 30 years of forestry experience and dedication to best environmental\n operating practices and working with loca...

More updates from Bravern Ventures Ltd.