Shamrock Enterprises Extends Fireweed Property Agreement
January 21 2013 - 5:00AM
Marketwired Canada
Shamrock Enterprises Inc. (CNSX:SRS) (the "Company") is pleased to announce that
it has successfully negotiated an extension to its property option agreement
with Regulus Resources Inc., (merged with Pachamama Resources Ltd.), a TSX
Venture Exchange listed junior public company (the "Optionor") in regard of the
Fireweed property located in the Babine Lake Area, Smithers B.C., Omineca Mining
Division (the "Property").
Pursuant to the terms of the amendment reached between the Company and the
Optionor, the Company amended the option (the "Option") granted pursuant to the
letter of understanding dated February 17, 2010 between the Company and the
Optionor (the "LOU") granting the Company the right to acquire up to a 70%
interest in the Property subject to a capped 2% net smelter return royalty in
favour of Terry Lewis Eldridge. Subject to all regulatory approvals, in
consideration of the additional payment of 100,000 common shares, the Amendment
Agreement provides that the cash payment and accompanying work commitment
originally due on or before February 17, 2013 shall now be due on or before
February 17, 2014. Similarly, the cash payment and accompanying work commitment
originally due on or before February 17, 2014 will now be due on or before
February 17, 2015.
About Shamrock: Shamrock Enterprises Inc. is a Canadian-based junior mining
exploration company focused on the procurement, exploration and development of
silver and other precious metal properties in North America. The Company's
common shares are listed and posted for trading on the Canadian National Stock
Exchange ("CNSX") under the symbol "SRS". On November 5, 2012 the Company
received conditional listing from the TSX Venture Exchange.
On behalf of the Board,
Gordon Osinchuk, President
FOR FURTHER INFORMATION PLEASE CONTACT:
Shamrock Enterprises Inc.
Gordon R. Osinchuk
Chief Executive Officer
(604) 722-1877
info@shamrockresources.ca
www.shamrockresources.com
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