Golden Hope Mines Limited to Acquire Royalty Interest in Beauce Region of South Eastern Quebec
April 16 2010 - 4:05PM
Marketwired
Golden Hope Mines Limited ("Golden Hope") (TSX VENTURE: GNH)(PINK
SHEETS: GOLHF) is pleased to announce that it has entered into an
agreement to purchase a 10% net proceeds royalty (the "Royalty
Interest") in regard to certain of its mining claims located in the
Townships of Panet, Ware and Bellechasse, Quebec, from Gold Belt
Mining Ltd. ("Gold Belt"). The Royalty Interest had previously been
granted to Gold Belt by Golden Hope.
Golden Hope will purchase the Royalty Interest from Gold Belt
pursuant to a royalty purchase agreement and a royalty assignment
agreement in exchange for 250,000 common shares of Golden Hope. The
transaction is subject to, among other things, any necessary
approvals of the TSX Venture Exchange. The common shares issued
under the transaction will be subject to a four (4) month hold
period.
About Golden Hope Mines Limited:
Golden Hope is a mineral exploration company that seeks to grow
shareholder value through the acquisition, exploration and
development of potentially large-scale gold and base metal projects
suitable for underground and/or open-pit mining. The company's
focus is in Quebec, Canada. The Bellechasse gold project in Quebec
includes the Timmins 1, Timmins 2 and Ascot gold zones, the new FSG
volcanic environment targets and a number of recently claimed ultra
basic/serpentine bodies. For further information on Golden Hope
Mines Limited please 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. Various factors 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 Golden Hope's registered filings at
www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Golden Hope Mines Limited Frank Candido President,
Director 514-750-8218 416-864-0175 (FAX)
fcandido@goldenhopemines.com or info@goldenhopemines.com
www.goldenhopemines.com
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