C2C inc.: Agreement With Kinbauri Gold Corp. for a $250,000 Private Placement.MONTREAL -- C2C (Client to Client) An earlier term for peer-to-peer (P2P), in which one user communicates with another user without going through a server in between. See peer-to-peer. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:CCN CCN Cloud Condensation Nuclei CCN Church Communication Network CCN Conseil Canadien des Normes (Standards Council of Canada) CCN Critical Care Nurse CCN Certified Clinical Nutritionist CCN Community Care Network CCN Cyclin ) is pleased to announce that it has reached an agreement to transfer its right of first offer to option the Corcoesto Property, from Rio Narcia Gold Mines Ltd., to Kinbauri Gold Corp.(Kinbauri). The Corcoesto property is located in Northwestern Spain, and have measured resources of 171,000 ounces of gold (3,648,000 tonnes averaging 1.46 g/t Au) and indicated resources of 186,000 ounces of gold (4,024,000 tonnes averaging 1.45 g/t Au). Kinbauri agreed to complete a private placement of $250,000 at $0.25 with C2C and grant 1.5% NSR NSR abbr. normal sinus rhythm NSR Normal sinus rhythm, see there on any of Kinbauri's share of production on the Corcoesto property (one half of whith can be bought back for $750,000). Moreover, Kinbauri will receive one warrant for each common share acquired from the private placement, exercisable at $0.30 for a period of 24 months. C2C is a junior company actively exploring the Penedono Project located in north-eastern Portugal with the collaboration of Rio Narcia Gold Mines Ltd. its joint venture partner. A diamond drilling program of approximately 1500 meters is being completed on the property and results will be revealed as soon as available from the labs. C2C has over $650,000 CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. in cash to fund it's near to medium term exploration expenses. C2C presently has 15,010,977 common shares issued and outstanding; 21,824,310 fully diluted. This placement has been approved by the board of director of C2C on February 3rd 2005. The placement is subject to the final approval of the TSX Venture Stock Exchange. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release. C2C Inc. (TSX VENTURE:CCN) |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion