Gossan Completes the Sale of Its Equity Interest in The Claims Network Inc.
(firmenpresse) - WINNIPEG, MANITOBA -- (Marketwire) -- 03/07/12 -- Gossan Resources Limited (TSX VENTURE: GSS)(Frankfurt/Freiverkehr & Xetra:WKN 904435) has closed the sale of its entire 66.3% equity interest in The Claims Network Inc. (TCN) for a sale price of $1.5 million.
TCN is a web-based enterprise engaged in providing the property and casualty insurance industry with on-site claims reporting of losses, contents loss valuations, and content claims software.
Under the terms of the sale agreement, a restricted cash escrow of $200,000 has been established pertaining to specific contingencies.
Gossan Resources Limited is engaged in mineral exploration and development in Manitoba and northwestern Ontario. It has a well-diversified portfolio of properties hosting gold, platinum group and base metals, as well as the specialty and minor metals, vanadium, titanium, tantalum, lithium, and chromium. The Company also has a large deposit of magnesium-rich dolomite, the world-wide rights to the Zuliani magnesium production process, and a silica frac sand deposit. Gossan trades on the TSX Venture Exchange and has 33,140,400 common shares outstanding.
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Contacts:
Gossan Resources Limited
Douglas Reeson
CEO
(416) 533-9664
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Datum: 07.03.2012 - 14:15 Uhr
Sprache: Deutsch
News-ID 122701
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Town:
WINNIPEG, MANITOBA
Kategorie:
Mining & Metals
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"Gossan Completes the Sale of Its Equity Interest in The Claims Network Inc."
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