Business
Network Exploration not to proceed with Huevos Rojos Option Agreement
VANCOUVER, Sept. 25 /CNW/ - Network Exploration Ltd. (the "Company") (TSX.V: NET) announces that ...
About this update from Ynvisible Interactive Inc. Class A
[{"type":"text","content":"\n\n\n\nVANCOUVER, Sept. 25 /CNW/ - Network Exploration Ltd. (the "Company")\n(TSX.V: NET) announces that it is not proceeding with the Option Agreement for\nthe Huevos Rojos project in Peru and is continuing its campaign to identify\nand acquire mineral exploration properties in South America.\n\n\nThe Company sees the growing supply of under-valued exploration projects\nbecoming available in South America as an opportunity to increase shareholder\nvalue by means of acquisition or joint venture agreement. Accordingly, after\ncareful consideration of the Company's recent due diligence at Huevos Rojos\nand the current market environment, Network Exploration's management believes\nthe Company is better suited not entering into the Option Agreement for the\nHuevos Rojos project and continuing to look at acquisition candidates.\n\n\n"Our extensive network in South America is seeing a steady stream of\nquality projects becoming available for acquisition," states Mr. Richard\nSchnoor, Director of International Operations. "We are committed to increasing\nshareholder value by proving out resources at our current properties and\nacquiring exceptional new projects to complement our existing portfolio."\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, contact the\ncompany at 604 638-7363 (toll free 866 637-5138) or visit the Company's\nwebsite: www.networkexploration.com.\n\n\nON BEHALF OF THE BOARD OF DIRECTORS\n\n"Alexander Helmel"\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 Sectio...