Sakha Enterprises Corporation Acquires All Outstanding Shares of AZTEK LLC
June 03 2008 - 8:30AM
Marketwired
TORONTO is pleased to announce that it has reached an agreement
with ARCON CAPITAL LLC to acquire all of the outstanding shares of
AZTEK LLC, a Buryatia based gold mining company.
ARCON owns all of the outstanding shares of AZTEK.
AZTEK's gold deposits are evaluated at 3 million ounces of
proven and projected reserves. This acquisition is one of the
several projects SAKHA is undertaking in the Russian Federation and
is a first significant step to make the company a fast growing
corporation benefiting shareholders and all other participants,
says Franz Dobnik, President and CEO of Sakha Enterprises.
In compliance with the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995, Sakha notes that
statements contained in this announcement that are not historical
facts may be forward-looking statements that are subject to a
variety of risks and uncertainties. Accordingly, Sakha wishes to
caution readers of this announcement that its future actual results
may differ materially from those that any forward-looking
statements may imply. There is no assurance the above-described
events will be completed. There can be no assurance of the ability
of the Company to achieve sales goals, obtain contracts or
financing, consummate acquisitions or achieve profitability in the
future.
Sakha Enterprises Corporation
1 First Canadian Place, Suite 350,
Toronto, Canada, M5X 1C1
Common shares outstanding: 46,000,000
Share Float: 3,000,000
FOR FURTHER INFORMATION, CONTACT: Franz Dobnik President Phone:
(416) 830-0905 Email: Email Contact Website:
www.sakhaenterprises.com
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