U.S. Canadian Minerals Receives Land Use Contract for Rachael Property.LAS VEGAS -- U.S. Canadian Minerals Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : UCAD UCAD Université Cheikh Anta Diop (Dakar, Senegal) UCAD Unstable Coronary Artery Disease ) announced that it has signed a land use contract for property in Rachael, Nev., upon which it also has an option to purchase. This transaction allows UCAD to begin cleanup and maintenance of the property during the period that preparations are being completed for possible exercise of the option. Among the infrastructure comprising the property are 88,400 square feet of industrial and office buildings, certain riparian rights riparian rights: see water rights. to more than 515.6 acre-feet of water, annually drawn from two wells, and an electric power substation Electric power substation An assembly of equipment in an electric power system through which electrical energy is passed for transmission, distribution, interconnection, transformation, conversion, or switching. with a long-term low-cost power supply contract. Further details relative to this project will be forthcoming in future press releases and at http://www.uscanadian.net/. Safe Harbor Statement under 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: Statements contained in this document which are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. |
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