Golden Hope Mines Limited: Corporate Update
September 05 2008 - 4:30PM
Marketwired
Golden Hope Mines Limited ("Golden Hope" or the "Company") (TSX
VENTURE: GNH)(PINK SHEETS: GOLHF) has amended the agreement to
acquire the "Riviere des Plantes" claims, announced on June 17th
2008, which is part of its Bellechasse - Chaudiere exploration
property.
The parties have renegotiated terms lower as per figures below.
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Property
Date Cash Payment GNH Shares Expenditures
---------------------------------------------------------
September 5, 2008 $ 25,000.00 80,000 -
---------------------------------------------------------
1st anniversary $ 35,000.00 120,000 $50,000
---------------------------------------------------------
2nd anniversary $ 55,000.00 150,000 $75,000
---------------------------------------------------------
3rd anniversary - - $100,000
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Total: $115,000 350,000 $225,000
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The amended terms have been agreed and signed by all parties.
In addition the company has staked approximately 40 additional
claims around the "Riviere des Plantes" property as part of its
serpentinite targets in the region.
About Golden Hope: Golden Hope Mines Limited is a mineral
exploration company that seeks to grow shareholder value through
the acquisition, exploration and development of potentially
large-scale gold, silver and base metal projects suitable for
underground and/or open-pit mining. The company's two areas of
interest are located in Quebec, Canada and Maine, U.S. The
Bellechasse gold project in Quebec includes the Timmins and Ascot
gold zones, the Coucou volcanic target and a number of newly
claimed serpentinite geological formations. For further information
on Golden Hope, visit www.goldenhopemines.com.
Forward-Looking Information
This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, that address future
production, reserve potential, exploration drilling, exploitation
activities and events or developments that the company expects are
forward-looking statements. Although the company believes the
expectations expressed in such statements are based on reasonable
assumptions, such statements are not guarantees of future
performance and actual results or developments may differ
materially from those in the statements. There are certain factors
that could cause actual results to differ materially from those in
forward-looking statements. These include market prices,
exploitation and exploration successes, continued availability of
capital and financing, and general economic, market or business
conditions. Investors are cautioned that any such statements are
not guarantees of future performance and actual results or
developments may differ materially from those projected in the
forward-looking statements. For more information on the company,
investors should review registered filings at www.sedar.com.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Golden Hope Mines Limited Louis Hoel President (416)
362-3509 (416) 864-0175 (FAX) Email: lhoel@goldenhopemines.com or
info@goldenhopemines.com Website: www.goldenhopemines.com
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