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PRIMA COLOMBIA HARDWOOD INC. INCREASES TIMBER RESERVE UNDER EXCLUSIVE AGREEMENT FROM 1,050,000 TO 3,121,720 CUBIC METERS
PRIMA COLOMBIA HARDWOOD INC. INCREASES TIMBER RESERVE UNDER EXCLUSIVE AGREEMENT FROM 1,050,000 TO...
About this update from Bravern Ventures Ltd.
[{"type":"text","content":"\n\n\n\n Dec. 7, 2010 (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\nTSX-V: PCT\n\nVANCOUVER, Dec. 7 /CNW/ - Prima Colombia Hardwood Inc., (TSX-V:PCT) ("Prima Colombia" or the "Company") is pleased to announce that the exclusive timber license agreement between Prima Colombia's Colombian domiciled subsidiary, REM International C.I.S.A. ("REM"), and the Community of Los Delfines (the "Timber Agreement") has been amended to increase the volume of timber from 1,050,000 to 3,121,720 cubic meters and to increase the term for up to 25 years (the "Amendment").\n"The increase in timber reserve is expected to have significant financial impact and greatly improves the Company's sustainable production base over the term of the Timber Agreement," says CEO Donald P. Hayes. "We are very grateful to the people of Los Delfines, who through this amendment have reconfirmed their commitment and cooperation with REM, and we look forward to continued close working relations with the Community."\n"We are very pleased to deliver such a large increase in our timber reserve at this early stage of the Company's development," says COO Harold F. Hayes.\nThe Amendment was executed, December 6, 2010, by REM, and authorized representatives of the Los Delfines Community and includes:\n\n\n >\n\n\nPrima Colombia continues to seek opportunities to enter into additional forest licenses and further increase timber reserves in Colombia.\n\nA...