Sakha Enterprises Announces Commencement of TSX Venture Listing
July 11 2011 - 8:00AM
Marketwired
Sakha Enterprises Corporation (PINKSHEETS: SAKH) is pleased to
announce that it has commenced the process of listing one of its
four gold deposit properties on TSX Venture through an acquisition
of a CPC.
The listing is to be completed in Q4 2011.
The deposit in question contains more than 4.5 million ounces of
gold of proven and projected reserves and resources. Current
project value of the deposit is estimated to be more than $675
million.
"We anticipate obtaining a listing on TSX big-board later in the
fourth quarter this year. This will create a considerable increase
in value for Sakha Enterprises Corporation shareholders," said
Franz Dobnik, President and CEO of Sakha Enterprises
Corporation.
Sakha Enterprises Corporation Contact: Franz Dobnik, President 1
First Canadian Place, Suite 350, Toronto, ON, Canada M5X 1C1 Common
shares outstanding: 56 million Share float: 3 million
Forward-Looking Statements This press release includes certain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements are
based on the current expectations or beliefs of management of Sakha
Enterprises Corpoation and are subject to uncertainty and changes
in circumstances. Actual results may vary materially from those
expressed or implied by the statement herein. They are neither
statements of historical fact nor guarantees or assurances of
future performance. Important factors that could cause actual
results to differ materially from the statements made herein are:
(1) changes in economic, business, competitive, technological
and/or regulatory factors, (2) failure to receive stockholder
approval of certain actions, if required, (3) failure to compete in
a rapidly changing marketplace, (4) failure to retain key
employees, (5) failure to raise adequate capital to support the
growth and operations of the Company, and (6) other factors
affecting the operation of the business of Sakha. Any
forward-looking statement contained in this press release by Sakha
speaks only as of the date on which it is made. Sakha is under no
obligation to, and expressly disclaims any such obligation to,
update or alter its forward-looking statements, whether as a result
of new information, future events, or otherwise.
FOR FURTHER INFORMATION, CONTACT: Franz Dobnik President Phone:
(416) 830 0905 Email: Email Contact Web site:
www.sakhaenterprises.com
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