PGM Ventures Corporation: Acquisition of Mine Surface Rights.TORONTO -- PGM PGM Program PGM Pragmatic General Multicast PGM Phosphoglucomutase PgM Program Manager PGM Platinum Group Metal PGM Pagemaker (software) PGM Portable Gray Map PGM Precision Guided Munition Ventures Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:PPG PPG Points Per Game (basketball player statistic) PPG Power Play Goals (hockey) PPG Planning Policy Guidance (UK) PPG Programmable Pulse Generator PPG Power Puff Girls ) ("PGM") is pleased to announce the following that Minas Aguas de Tenidas SA ("MATSA"), PGM's Spanish subsidiary and owner of the Aguas Tenidas Mine, has agreed the following with Piritas de Huelva SL ("Piritas"): a) MATSA will purchase a total of 140 hectares (346 acres) of surface rights from Piritas. This property is located directly above and around the main Aguas Tenidas mineralised system. b) The total purchase price of the 140 hectares of surface rights, before taxes, is EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 550,000 (C$770,000). An amount of 10%, or EUR 55,000, has been paid as a deposit and the 90% balance is due on or before May 16th 2006. c) An option to acquire a minimum additional 35 hectares (86 acres) for a price of EUR 3,928 per hectare (C$5,500 per acre), plus applicable taxes. PGM, and its independent consulting engineers SRK SRK Shah Rukh Khan (Indian actor) SRK Shoryuken (fighting games) SRK Soave-Redlich-Kwong (thermodynamic model) SRK Syk-Related Tyrosine Kinase , consider the 140 hectare area will be sufficient for the Aguas Tenidas Mine's tailings Tailings (also known as tailings pile, tails, leach residue, or slickens[1]) are the materials left over[2] after the process of separating the valuable fraction from the worthless fraction of an ore. disposal requirements and its proposed ore processing facilities. The property is not deemed suitable for any kind of agricultural activity. The above agreement has removed a potential obstacle to bringing Aguas Tenidas quickly into commercial production. This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". All dollar amounts are in Canadian dollars unless otherwise noted. 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. does not accept responsibility for the ad equacy of accuracy of this release. PGM Ventures Corporation (TSX VENTURE:PPG) |
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