Converge Global Inc. Completes Acquisition of Benson Lake Gold Property.TORONTO -- Converge Global Inc. (Pink Sheets: CVRG CVRG Cardiovascular Research Group ) is pleased to announce we have completed a major acquisition of the Benson Lake Gold property. The Benson Lake Gold property is situated at Skead Township 12 miles South-East of Kirkland Lake, Ontario Kirkland Lake is a town located in Timiskaming District in northeastern Ontario, Canada. The 2006 population, according to Statistics Canada, was 8,248. The lake nearby was named after Winnifred Kirkland, a secretary of the Ontario Department of Mines in Toronto. , Canada. The Kirkland Lake Kirkland Lake, mining town, E Ont., Canada. An important gold-mining center, gold was discovered there in 1911 and again in the 1980s at Harker. The mining of iron ore and tourism are two other important industries. mining area remains the number one mining area in Ontario. The property consists of one hundred contiguous claim units. A seven-hole diamond drill program was completed by Ryan Lake Metals Ltd. on the Skead Township property during 1994. The highest drill hole at the site yielded high grade gold assays as high as 1.69 oz/ton/1.5 ft. President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Bryan Gonzales, commented, "It is our belief that the Benson Lake property has significant potential, it also adds value to our growing portfolio. We were highly motivated to complete the acquisition after doing our comprehensive 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. and reviewing prior drilling results." We plan to update our loyal shareholders with additional information on the Benson Lake property in the near future. About Converge Global Inc. Converge Global Inc. is a junior mining company whose business strategy is to acquire existing gold mines as well as to explore new gold properties across the globe with a current focus on Northern Canada Northern Canada is the vast northernmost region of Canada variously defined by geography and politics. Definitions and usage Also referred to as the Canadian North or (locally) as the North and South America. For more info on CVRG, visit our website at www.convergeglobalinc.com Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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. Those statements include statements regarding the intent, belief or current expectations of Converge Global, Inc., and members of its management as well as the assumptions on which such statements are based. 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. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion