Fernhill Corporation (FERN) Today Announces a Corporate Update
December 02 2012 - 6:00PM
Marketwired
Fernhill Corporation, (PINKSHEETS: FERN) is incorporated in Nevada
and is a development-stage exploration and mining company. The
primary business of the Company is an exploration and mining
company focused on identifying and developing advanced stage
precious metal exploration projects. It is engaged in the business
to identify, explore, develop and operate mineral exploration
properties, and to provide mine exploration and operation services
to mining properties located throughout North America.
The company is nearing a final agreement with its British
Columbia, Canadian mining initiative. Additional analysis of the
property will be completed over the next few days with a selection
and agreement following thereafter. Both parties will then, with
their respective legal teams, work out the details of the contract
which we hope to be completed in the coming days. The final points
of negotiations include financial commitments, net smelter
royalties and amount of preferred stock in exchange for the target
assets.
The property does have both an intriguing blend of substantial
maturity and promising future development expectations.
Management stated, "We have a number of potential options on the
table, but have narrowed this property as its number one prospect
to date."
Fernhill Corporation would also like to announce the launch of
its corporate website at: www.fernhillcorp.com
Forward Looking Statements and Safe Harbor Statement:
This news release contains forward-looking statements.
Forward-looking statements are statements which relate to future
events. In some cases, you can identify forward-looking statements
by terminology such as "may," "should," "expects," "plans,"
"anticipates," "believes," "estimates," "predicts," "potential" or
"continue" or the negative of these terms or other comparable
terminology. These statements are only predictions and involve
known and unknown risks, uncertainties and other factors that may
cause our or our industry's actual results, levels of activity,
performance or achievements to be materially different from any
future results, levels of activity, performance or achievements
expressed or implied by these forward-looking statements. While
these forward-looking statements, and any assumptions upon which
they are based, are made in good faith and reflect our current
judgment regarding the direction of our business, actual results
will almost always vary, sometimes materially, from any estimates,
predictions, projections, assumptions or other future performance
suggested herein.
Fernhill Corporation Email Contact
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