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RATEL ENTERS INTO AGREEMENT TO ACQUIRE THE RIGHT TO EARN A 60% INTEREST IN ONE OF THE WORLD'S LARGEST UNDEVELOPED GOLD RICH COPPER-GOLD PROJECTS, THE KING-KING PROJECT
RATEL ENTERS INTO AGREEMENT TO ACQUIRE THE RIGHT TO EARN A 60% INTEREST IN ONE OF THE WORLD'S LAR...
About this update from St. Augustine Gold & Copper Ltd.
[{"type":"text","content":"\n\n\n\n Oct. 18, 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\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO US NEWS\n WIRE SERVICES/\n\n\nANNOUNCEMENT TO THE TORONTO STOCK EXCHANGE\nAND AUSTRALIAN SECURITIES EXCHANGE\n\n\nPERTH, Western Australia, Oct. 18 /CNW/ - The Boards of Ratel Gold\n Limited ("Ratel" or the "Company") (TSX Code : RTL) and CGA Mining Limited ("CGA") (TSX Code : CGA, ASX Code : CGX) are pleased to announce that today Ratel has entered into a strategic\n alliance with CGA and an agreement to acquire the interests held by\n Russell Mining & Minerals, Inc. and their subsidiaries (the "RMMI\n Group"), in the significant King-king Copper-Gold Project in the\n Philippines ('the King-king Interests").  The proposed consideration is\n an issue of 80 million new shares in Ratel, together with a further 75\n million Ratel shares on the earlier of completion of a feasibility\n study on the project or any subsequent change in control of the Ratel\n Board.\n\n\nThe King-king deposit is a gold rich, copper-gold porphyry deposit\n located in the south east of the Philippine Island of Mindanao, located\n 92kms NW of Davao City and 13 kms from the coast.  The project is\n listed as one of the top priority projects by the Philippine Mines and\n Geosciences Bureau and the project has a low strip ratio (0.8:1\n compared to an industry average of 2.5:1).\n\n\nKing-king is one of the largest undeveloped c...