Nirek Resources Inc. Offers to Purchase a Minimum of 20% of Century Mining Corp.
- Press Release
- Source: Nirek Resources Inc.
- On 2:00 am EST, Thursday December 4, 2008
ONTARIO, CANADA--(MARKET WIRE)--Dec 4, 2008 -- Nirek Resources Inc. ("Nirek") (Frankfurt:3N6.F - News)(Gold Warrant:CA6546411175) has offered, upon certain conditions, to purchase not less than 20% of the issued and outstanding common shares of Century Mining Corp. ("Century") (CDNX:CMM.V - News) on the basis of one (0.01) for each Century share.
Related Quotes
| Symbol | Price | Change |
|---|---|---|
| 3N6.F | 0.01 | -0.01 |
The purpose of the Offer is to enable Nirek to acquire at least 20% of Century shares in order to assist Nirek in acquiring resource and gold producing assets.
Century Mining Corporation is an emerging mid-tier gold producer that is aggressively acquiring producing mines and exploration properties in Peru in addition to its Canadian projects. The Company owns the Lamaque mine in Quebec that historically has produced over 9.4 million ounces of gold. In Peru, Century wholly-owned subsidiaries own an 82.6% interest in the San Juan Mine where the Company accounts for 100% of gold production.
About Nirek Resources Inc.
Nirek Resources Inc. ("Nirek") is a Canadian exploration company specializing on exploring for precious and base metals. The company is focused on acquiring and developing gold and precious metal properties with proven reserves through a series of joint ventures, mine and property acquisitions.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings.
Outstanding Shares: 16,952,982
Contact:
Contacts:
Nirek Resources Inc.
Investor Relations
Email: info@nirekresources.com
Website: http://www.nirekresources.com
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