Business
Network announces closing of acquisition
VANCOUVER, July 13 /CNW/ - Network Exploration Ltd. (the "Company") (TSX.V: NET) is pleased to an...
About this update from Ynvisible Interactive Inc. Class A
[{"type":"text","content":"\n\n\n\nVANCOUVER, July 13 /CNW/ - Network Exploration Ltd. (the "Company")\n(TSX.V: NET) is pleased to announce that further to its news release dated\nJune 25, 2009, the Company has received TSX-Venture Exchange approval to a\nproperty purchase agreement between the Company and Blair Naughty (the\n"Vendor"), whereby the Company will purchase a 100% interest in certain quartz\nclaims, representing over 1,000 hectares of explorable land in the Yukon\nTerritory. In consideration, the Company will pay the Vendor a total of\n$75,000 and issue 2,000,000 shares of the Company. These shares will have a\nhold period expiring on November 10, 2009.\n\n\nThe Vendor will retain a 3% net smelter return royalty of which 1% will\nbe purchasable by the Company for $1 million.\n\n\nNetwork Exploration's mineral claims are located directly to the east of\nthe Underworld Resources Inc., Cathy 146 and Cathy 144 Quartz mineral claims\nand approximately 4.5 km from Underworlds recently announced (May 26, 2009)\ndiscovery of 103 meters of 3.4 g/t Au. Underworld is exploring sediment and\nvein-hosted gold targets at the 169 sq km (845 claim) White Gold property.\n\n\nNetwork Exploration Ltd. is a mineral exploration company committed to\nbuilding shareholder value through the acquisition of base and precious metal\nproperties in North and South America. For additional information, please\ncontact the office at 604-638-7363 or toll-free at 1-866-637-5138, or visit\nwww.networkexploration.com.\n\n\nON BEHALF OF THE BOARD OF DIRECTORS\n\n"Alexander Helmel"\n\nPresident\n\n\nForward-Looking Statements: This news release has been prepared by\nmanagement. This document contains certain forward looking statements which\ninvolve known and unknown risks, delays, and uncertainties not under the\nCompany's control which may cause actual results, performance or achievements\nof the Company to be materially different from the results, performance or\nachievements implied by these forward looking statements.\n\n\nTHE TSX VENTURE EXCHANGE HAS NOT YET REVIEWED AND DOES NOT TAKE\nRESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS\nRELEASE.\n\n\nThis news release contains certain "Forward-Looking Statements" within\nthe meaning of Section 21E of the United States Securities Exchange Act of\n1934, as amended. ...