TORONTO, April 17, 2012 - United Reef Limited (TSX VENTURE: URP) ("United Reef") is pleased to announce that it has completed the sale of its 2% net smelter royalty ("NSR") on the Passendro gold project located in the Central African Republic to AXMIN Inc. (TSX VENTURE: AXM) ("AXMIN"). United Reef has now received 447,038 AXMIN common shares as consideration for the NSR, as disclosed in United Reef's press release dated April 4, 2012. The AXMIN common shares are subject to a statutory hold period of four months and one day from the date of issue.
Trading of United Reef's common shares on the TSX Venture Exchange is presently halted in connection with a proposed reverse take-over transaction, see United Reef's press releases dated December 5, 2011, January 23, 2012 and March 5, 2012.
ANY SECURITIES REFERRED TO HEREIN WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933 (THE "1933 ACT") AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO A U.S. PERSON IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE 1933 ACT.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.
Contact Information
United Reef Limited Michael D. Coulter, President & Chief Executive Officer 416-368-3332 info@unitedreef.com www.unitedreef.com
Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!
TORONTO, April 17, 2012 - United Reef Limited (TSX VENTURE: URP) ("United Reef") is pleased to announce that it has completed the sale of its 2% net smelter royalty ("NSR") on the Passendro gold project located in the Central African Republic to AXMIN Inc. (TSX VENTURE: AXM) ("AXMIN"). United Reef has now received 447,038 AXMIN common shares as consideration for the NSR, as disclosed in United Reef's press release dated April 4, 2012. The AXMIN common shares are subject to a statutory hold period of four months and one day from the date of issue.
