Business
Van Gold Resources Acquires Contingent Asset Rights in West Papua
Van Gold Resources Acquires Contingent Asset Rights in West Papua.
About this update from Zhuding International Limited
[{"type":"text","content":"The directors and\nmanagement of Van Gold Resources (PINKSHEETS:VGRI) are pleased to provide an\nupdate on the Company's acquisition of future contingent assets and negotiation\nrights in West Papua.\n\nWest Papua, formerly\nDutch New Guinea, is currently under Indonesia occupation. The Company has\nobtained an assignment of future mineral and hydrocarbon negotiation rights to\nWest Papua from a stakeholder who entered into an agreement in 2014 with local\ngroups seeking independence. West Papua\nis home to the world’s largest gold mine at Grasberg and is subject to a long\nstanding dispute with indigenous peoples seeking independence from Indonesia.\n\nVan Gold Resources also\nhas obtained negotiation and future contingent rights to oil, mineral, forestry\nand agriculture concession in the emerging nations of Cabinda, Biafra and Southern\nCameroons (Ambazonia). Biafra and the adjoining Niger Delta have recently been\nin the headlines as self-determination movements attempt to assert control over\nthis resource rich region in West Africa. \n\n\nThe Company also\nannounces that CEO Clement Chigbo has stepped down from the board and will be\nsucceeded by director Lucas Ayaba as CEO. Duncan Macdonald, an experienced\nlegal expert in mineral claims will join the board.\n\nFORWARD-LOOKING INFORMATION\n\nCertain statements contained in this press\nrelease constitute forward-looking information. These statements relate to\nfuture events or future performance. The use of any of the words\n\"will\" and similar expressions and statements relating to matters\nthat are not historical facts are intended to identify forward-looking\ninformation and are based on the Corporation's current belief or assumptions as\nto the outcome and timing of such future events. Actual future results may\ndiffer materially. Various assumptions or factors are typically applied in\ndrawing conclusions or making the forecasts or projections set out in\nforward-looking information. Those assumptions and factors are based on\ninformation currently available to the Corporation. The forward-looking\ninformation contained in this release is made as of the date hereof and the\nCorporation is not obligated to update or revise any forward-looking\ninformation, whether as a result of new information, future events or\notherwise, except as required by applicable ...