Business
Van Gold Resources African Contingent Assets Independent Valuation Report
Van Gold Resources African Contingent Assets Independent Valuation Report.
About this update from Zhuding International Limited
[{"type":"text","content":"\n\n\n\nVan Gold Resources African Contingent Assets Independent Valuation Report\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nVan Gold Resources African Contingent Assets Independent Valuation Report\nPR Newswire\nDAYTON, Nev., March 9, 2016\n\n\n\nDAYTON, Nev., March 9, 2016 /PRNewswire/ -- The director and management of Van Gold Resources (PINKSHEETS:VGRI) are pleased to provide an update on the Company's interests in Africa where Van Gold Resources currently has nearly a 100% concession interest in Cabinda's future contingent oil and mineral production obtained from the Front for the Liberation of the State of Cabinda (FLEC). Experts predict that Cabinda's recoverable onshore hydrocarbons alone exceed 2 billion barrels.\n\nVan Gold Resources also has obtained negotiation rights to oil, mineral, forestry and agriculture concession in the emerging nations of Biafra and Southern Cameroons (Ambazonia). According to a Competent Person's report available at the Company's website, the current value of these contingent rights could be as high as $150 million.\n\nBiafra and Southern Cameroons have recently been in the headlines as self-determination movements attempt to assert control over these resource rich regions in West Africa.  \n\nFORWARD-LOOKING INFORMATION\n\nCertain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words \"will\" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Corporation. The forward-looking information contained in this release is made as ...