VANCOUVER, BRITISH COLUMBIA--(Marketwire -03/28/12)- Valhalla Resources Ltd. (TSX-V: VH.V - News) ("Valhalla" or the "Company") announces that it is participating in negotiations concerning the acquisition of a material mineral project. The Company's common shares are currently halted and the Company intends to keep the common shares halted until negotiations concerning the acquisition and a resulting transaction have advanced or terminated, and a further announcement will be made at such time.
About Valhalla Resources Ltd.:
Valhalla is a Canadian mineral exploration company focusing on the discovery and development of base and precious metal opportunities in Turkey and Romania. Its principal assets are the Sarp Properties in Northwestern Turkey and the Bratosin Hill property in the historic Golden Quadrilateral region of Romania. In addition, the Company is evaluating numerous opportunities throughout the Tethyan Mineral Belt that traverses Eastern Europe and Asia and plays host to a number of world-class gold and copper deposits.
ON BEHALF OF THE BOARD OF DIRECTORS
Joel Hayes, President
Caution Regarding Forward-Looking Information
This news release includes certain forward-looking information or forward-looking statements (collectively, "forward-looking statements") within the meaning of applicable securities laws. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed in such forward-looking statements. Forward-looking statements in this news release, include, but are not limited to, advancement or termination of negotiations concerning an acquisition and a resulting transaction and intended continued halting of the common shares of the Company. Forward-looking statements are subject to a number of risks, including the ability to obtain regulatory, shareholder and transactional approvals and agreements. Any number of important factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although Valhalla believes that the assumptions and factors used in making the forward-looking statements are reasonable, undue reliance should not be placed on these statements, and no assurance can be given that such events will occur in the disclosed timeframe or at all. Valhalla disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, unless required by applicable laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.