VIPR Industries Acquires 10 Additional Gold Licenses Adjacent to Its Recently Purchased Concessions Situated in the Singida Regi
March 16 2009 - 7:00AM
Marketwired
VIPR Industries Inc. ("VIPR") (PINK SHEETS: VIPR) announces it has
acquired an additional 10 licenses located adjacent to its recently
purchased Gold property and concessions within the Singida Region
of Tanzania.
The Company moved ahead to acquire the additional licenses which
coincide and are adjacent with its recently purchased gold licenses
(referenced as QDS 123/3) due to positive data and proven reserves
within the area from companies such as Shanta Gold and others. As
well, the Company was encouraged with its own data in which results
of are expected to soon be disclosed. Terms of the acquisition
involved the issuance of 5,000,000 shares of the Company's common
stock which includes an option to substitute the shares for a cash
payment.
About VIPR Industries Inc.
VIPR Industries Inc. is a precious metals exploration and
development company focused on Gold, Uranium, Diamonds and other
precious metal resources and reserves through mergers, acquisitions
and resource development.
Safe Harbor
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995
(The "Act"). In particular, when used in the preceding discussion,
the words "pleased" "plan," "confident that," "believe," "expect,"
or "intend to," and similar conditional expressions are intended to
identify forward looking statements within the meaning of the Act
and are subject to the safe harbor created by the Act. Such
statements are subject to certain risks and uncertainties and
actual results could differ materially from those expressed in any
of the forward-looking statements. Such risks and uncertainties
include, but are not limited to, market conditions, general
acceptance of the Company's products, competitive factors, the
ability to successfully complete additional financings and other
risks described in the Company's filings and website, which all
investors are advised to view at
www.viprindustries.com/motion.asp?menuid=6266&lgid=1&siteid=100382.
For more information please visit
(http://www.viprindustries.com/).
Contacts: VIPR Industries Inc. Investor Relations (702) 940-0494
Email: info@viprindustries.com Website: www.viprindustries.com