Barnabus Signs Letter of Intent.CALGARY, Alberta -- Barnabus Enterprises Ltd. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BBSE BBSE Bull Breeding Soundness Evaluation BBSE Bilateral Breath Sounds Equal (pulmonary examination finding) BBSE Brigade/Battalion Staff Exercise BBSE Ballyboden St. Enda's (Dublin, Ireland) ) is pleased to announce that on Dec. 16, 2004, it entered into a non-binding Letter of Intent with MB Gas, Inc., Goldstar Gas Corporation, and other parties, to acquire a 90% interest in Goldstar Gas Corp.'s Manyberries Gas Project in Southern Alberta Southern Alberta is a region located in the Canadian province of Alberta. As of the year 2004, the region's population was approximately 272,017[1][2]. . The Letter of Intent provides that MB Gas, Inc., a Goldstar Gas Corp. shareholder, will remain as the operator and assist in the project's business development. The Letter of Intent is subject to due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. by the parties. Should a definitive agreement be completed, the proposed closing date of the transaction is on or before March 15, 2005. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in Barnabus Enterprises, Ltd ("the Company") business plan and in this press release. The Company's business is subject to various risks, which are discussed in the Company's filings with the Securities and Exchange Commission ("SEC"). The Company's filings may be accessed at the SEC's Edgar system at www.sec.gov. The non-binding Letter of Intent described above should not be construed by any means as an indication of the value of the Company or its common stock. Additionally, because the Letter of Intent does not create a binding or enforceable obligation regarding any of the matters in the Letter of Intent, there is no assurance that an agreement to acquire a 90% interest in Goldstar Gas Corp.'s Manyberries Gas Project will ever be completed. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place reliance on such statements. Unless otherwise required by applicable law, we do not undertake, and we specifically disclaim dis·claim v. dis·claimed, dis·claim·ing, dis·claims v.tr. 1. To deny or renounce any claim to or connection with; disown. 2. To deny the validity of; repudiate. 3. any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or after the date of such a statement. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion