Business
ANSELL DROPS OPTION AT THE PIRES GOLD PROPERTY, BRAZIL
ANSELL DROPS OPTION AT THE PIRES GOLD PROPERTY, BRAZIL
About this update from Briacell Therapeutics Corp
[{"type":"text","content":"\nANSELL DROPS OPTION AT THE PIRES GOLD PROPERTY, BRAZIL\n\n\n Jul. 14, 2010 (TheNewswire.ca) -- Ansell Capital Corp. (TSX-V-ACP) reports that further to the signed Letter of Intent (\"LOI\") with Entourage Mining (OTCBB:ENMGF) (\"Entourage\"), an OTC Bulletin Board listed company, Ansell has completed due diligence at the Pires Gold Property which includes 6 mineral concessions covering 8,798 hectares. As part of the agreement dated February 18, 2010, Ansell has spent in excess of US$200,000 (see News Release Dated February 18th, 2010).APEX Geoscience Ltd. has completed due diligence at the Property which included: (a) full data review; (b) confirmation sampling; and (c) a review of recently completed drilling. Subsequently, Ansell has chosen not to proceed with the acquisition. Ansell has earned one quarter of Entourage's earned interest in the Pires Property which may be re-purchased by Entourage, for cost, for a period of 18 months.Mr. Jevin Werbes, President, Ansell Capital stated ‘We wish Entourage luck going forward at the Pires Property. Unfortunately, at this time, the Project does not fit well into our portfolio, however, we remain committed to seeking out world class assets with exploration and production potential to increase shareholder value.'Ansell is currently reviewing potential new projects located in Brazil.On Behalf of the Board of Directors,ANSELL CAPITAL CORP.\"Jevin Werbes\"Jevin A. Werbes, President.For further information, please visit our website at www.ansellcapital.com or www.sedar.com to view the Company's profile or contact Ansell at 604-921-1810.Certain statements in this News Release may be considered forward-looking information, including those related to \"plans\" of the company. The company relies upon litigation protection for \"forward looking\" statements. Actual performance and activities may differ materially from those described in the News Release due to numerous factors, including factors outside the control of the Company. This News Release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\") or any state securities laws and may not be offered or sold within the United St...