Capital Hill Gold Offers to Purchase the Solaga Silver Project.DENVER -- Capital Hill Gold, Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CHGI) has made an offer to acquire Mercantile Gold Company's (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :MGCP See MGCP/MEGACO. MGCP - Media Gateway Control Protocol ) Mexican mining assets. Capital Hill has offered to acquire Mercantile's Mexican subsidiary (Minera Milennium S.A. de C.V.), and its Solaga silver project in exchange for 500,000 restricted shares of Capital Hill. The Company's Board of Directors believe the Minera Milennium subsidiary and its Solaga bonanza-grade silver project will be an excellent addition to the Company's present holdings. April 20, 2005, 1:55 MST See micro systems technology. Silver - $7.33 an ounce. About The Company Capital Hill Gold's strategic objective is to obtain controlling interests controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in gold and silver properties with excellent exploration potential for economically significant to world-class ore deposits. CHGI intends to acquire mineral exploration properties primarily through the filing of concessions on its own account and in partnership with Mexican prospectors as well as by optioning exceptional properties at reasonable costs relative to the property's potential and the financial capabilities of the company. On behalf of Capital Hill Gold, Inc. Dan Enright Daniel Enright (August 30, 1917 - May 22, 1992) was one of the most successful game show producers in American television. Enright worked with Jack Barry from the 1940s until Barry's death in 1984. They were partners in creating programs for radio and television. , President This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. |
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