Business
Tres-Or (Ghana) Limited enters into a profit sharing agreement
TSX-V: TRS VANCOUVER, April 6 /CNW/ - Tres-Or Resources Ltd. (the "Company") is pleased to announ...
About this update from Tres-or Resources Ltd.
[{"type":"text","content":"\n\n\n\nTSX-V: TRS\n\n\nVANCOUVER, April 6 /CNW/ - Tres-Or Resources Ltd. (the "Company") is\npleased to announce that its wholly owned subsidiary Tres-Or (Ghana) Limited\n("Tres-Or Ghana") has entered into a profit sharing agreement (the\n"Agreement") with a private Ghanaian company whereby the two parties (the\n"Parties") will collaborate in providing mining and related services to gold\nmining projects located in Ghana and will share the profits derived therefrom\non a 50/50 basis.\n\n\nWhile the Agreement contemplates the Parties providing services to a\nnumber of projects, initial efforts will be in connection with the Agudee\nProject, a group of concessions held by a local syndicate of companies located\nin the Atwina Mpanua District of the Ashanti Region in central Ghana. As\nconsideration for providing turnkey mining and project administrative services\non the Agudee Project, the Parties will collectively be entitled to 73% of the\nproceeds from the sale of any gold mined, to be split 50/50 between the\nParties. Under the terms of the Agreement Tres-Or Ghana is to fund the\nalluvial gold mining costs in stages, to a maximum of CDN$650,000, needed to\nplace the Agudee Project into commercial production, following which the\nParties will fund any additional expenditures related to the Agudee Project\nequally.\n\n\nON BEHALF OF THE BOARD OF DIRECTORS OF\nTRES-OR RESOURCES LTD.\n\n"Laura Lee Duffett"\n---------------------------\nLaura Lee Duffett\nPresident and Director\n\n\nThis news release shall not constitute an offer to sell or the\nsolicitation of an offer to buy the securities in any jurisdiction. The\nsecurities of the corporation have not been and will not be registered under\nthe U.S. Securities Act of 1933, as amended, and subject to certain exemptions\nmay not be offered or sold in the United States or to U.S. persons. Neither\nthe TSX Venture Exchange nor its Regulation Service Provider (as the term is\ndefined in the policies of the TSX Venture Exchange), accepts responsibility\nfor the adequacy or accuracy of this release.\n\n\nAbout Tres-Or Resources Ltd.\n\n\nTres-Or Resources Ltd. (TSX Venture: TRS) is a Canadian resource\nexploration company and has focused on the exploration of diamond and\nprecious/base metal properties in Canada. The properties which th...