DGAP-News: Spectral Capital Identifies Large Goldmine Acquisition Target; Signs Letter of Intent
(firmenpresse) - DGAP-News: Spectral Capital Corporation / Key word(s): Letter of
Intent
Spectral Capital Identifies Large Goldmine Acquisition Target; Signs
Letter of Intent
24.12.2010 / 21:55
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Spectral Capital Identifies Large Goldmine Acquisition Target; Signs Letter
of Intent
News - 24th of December 2010
SEATTLE, Washington: Spectral Capital Corporation (Business Wire - 24
December 2010) - Spectral Capital Corporation, ('Spectral' or the
'Company') (FCCN.OB) (F3SN:F) is pleased to announce that it has signed a
letter of intent to acquire a significant gold mine resource in Kazakhstan.
Spectral is currently engaged in due diligence on the property and expects
to close the acquisition early in the first quarter of 2011 provided that
the due diligence process validates the size and scope of the gold
resource.
'We believe that this massive resource is already in production and has all
the permits required by Kazakh authorities,', stated Jenifer Osterwalder,
Spectral CEO. 'This resource is substantially larger even than our
existing Chita region properties. The mine owners were attracted to our
ability to commit to and raise substantial capital for the full
exploitation of this enormous resource for our mutual benefit.'
About Spectral:
Spectral Capital is focused on the acquisition of a significant portfolio
of properties for mining activities. In September 2010, the Company
purchased an interest in mineral properties in the Chita region of the
Russian Federation. The Kadara and Kaltagay license is located in the
Mogochinsky district of the Chita Region, which has several gold mines in
production, in the Russian Federation. Spectral owns 47% of the License for
prospecting, exploration and production of gold and all other metals. The
length of the License runs to 31 August 2031. The size of the License is
186 square kilometers or 18,200 hectares. Development and exploration
activities are currently being undertaken.
Spectral Capital is a US based publicly trading company and is listed on
the OTCBB as FCCN and Frankfurt exchange as F3SN. Spectral is a Nevada
state corporation.
PRESS RELEASE FORWARD LOOKING STATEMENT:
This press release contains forward-looking statements (as defined in
Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended) concerning future events
and the Company's growth and business strategy. Words such as 'expects,'
'will,' 'intends,' 'plans,' 'believes,' 'anticipates,' 'hopes,'
'estimates,' and variations on such words and similar expressions are
intended to identify forward-looking statements. Although the Company
believes that the expectations reflected in such forward-looking statements
are reasonable, no assurance can be given that such expectations will prove
to have been correct. These statements involve known and unknown risks and
are based upon a number of assumptions and estimates that are inherently
subject to significant uncertainties and contingencies, many of which are
beyond the control of the Company. Actual results may differ materially
from those expressed or implied by such forward-looking statements. Factors
that could cause actual results to differ materially include, but are not
limited to, changes in the Company's business; competitive factors in the
market(s) in which the Company operates; risks associated with operations
outside the United States; and other factors listed from time to time in
the Company's filings with the Securities and Exchange Commission. The
Company expressly disclaims any obligations or undertaking to release
publicly any updates or revisions to any forward-looking statements
contained herein to reflect any change in the Company's expectations with
respect thereto or any change in events, conditions or circumstances on
which any statement is based.
Contact:
Jenifer Osterwalder
206-262-7820
End of Corporate News
24.12.2010 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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107624 24.12.2010
Datum: 24.12.2010 - 21:55 Uhr
Sprache: Deutsch
News-ID 32934
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Kategorie:
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"DGAP-News: Spectral Capital Identifies Large Goldmine Acquisition Target; Signs Letter of Intent"
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