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Orefinders to Acquire 40% Interest in Pacific Precious, owner of the Kuta Ridge Gold Project
Orefinders to Acquire 40% Interest in Pacific Precious, owner of the Kuta Ridge Gold Proje...
About this update from Orecap Invest Corp
[{"type":"text","content":"\n\n\n\nOrefinders to Acquire 40% Interest in Pacific Precious, owner of the Kuta Ridge Gold Project\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, March 4, 2019\n\n\n\nTORONTO, March 4, 2019 /CNW/ - Orefinders Resources Inc. (\"Orefinders\" or the \"Company\") (TSX.V: ORX) is pleased to announce that it has entered into a share exchange agreement (the \"Agreement\") to acquire 40% of the outstanding Pacific Precious (\"Pacific\"), in return for issuing 10,000,000 shares (the \"Orefinders Shares\"). Pacific is a privately owned Canadian company which owns a 100% interest in the Kuta Ridge Gold Project (the \"Project\") located in Papua New Guinea. The Project has no royalties. \n\"This is a unique opportunity and one that we are fortunate to complete as there was plenty of competition for Kuta Ridge. Orefinders is taking a significant position in this company which owns 100% of what our team sees as one of the most geologically prospective projects we've come across. It provides Orefinders shareholders another opportunity to participate in the potential discovery of a substantial gold deposit in an area proven to host assets of exceptional size and grade. Our team has completed due diligence on site which confirmed our interest after receiving samples showing up to 238 grams per tonne gold from mineralized veins showing directly on surface.\" said Stephen Stewart, CEO. He continued, \"In addition to Orefinders investment via a share exchange, our team will assist Pacific Precious with both its private financing and its technical developments in order to get the project to the drill stage as soon as possible. I encourage our shareholders to view the Pacific Precious presentation and photo tour.\"\nClick here to download the Pacific Precious' Kuta Ridge Project Presentation\nClick here to access the Photo Tour of Kuta Ridge Project\nAbout Kuta Ridge Gold Project \nThe Kuta Ridge Project is within an intermediate to high sulfidation epithermal system which has a long history of surface artisanal mining within a gold enriched corridor. Recen...