Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc. ("Merrex")(TSX Venture:MXI) announces that Merrex and IAMGOLD Corporation (�IAMGOLD�) have executed the definitive Option Agreement for 50% of Merrex�s Siribaya Gold Project in West Mali, Africa.
IAMGOLD has concluded its due diligence review and Merrex and IAMGOLD have executed final documents for the option of Merrex�s Siribaya Gold Project and the concurrent private placement. (see news release October 21, 2008)
The required filings have been made with the TSX Venture Exchange. Closing will follow receipt of regulatory approvals at which time Merrex will issue a comprehensive news release.
Merrex�s principal projects are its Siribaya Gold Project, an advanced exploration project in Mali (West Africa) and its Jubilee Zinc Deposit in Cape Breton, Nova Scotia.
Merrex Gold is a mineral resource exploration company focusing on gold exploration in West Mali, Turkey and in the Red Lake area of Ontario and zinc exploration in Cape Breton, Nova Scotia. Merrex has a solid organization of people and projects enabling aggressive exploration, discovery, and growth.
FOR FURTHER INFORMATION PLEASE CONTACT:
Greg Isenor
President & CEO
(902) 832-5555
Email: info@merrexgold.com
Or visit our website at www.merrexgold.com
This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OF THIS RELEASE.
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Merrex Gold
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EXPLORATION STAGE |
CODE : MXI.V |
ISIN : CA59012H1047 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Merrex Gold is a gold exploration company based in Canada. Merrex Gold holds various exploration projects in Mali. Its main exploration properties are RED LAKE PROPERTIES and JUBILEE in Canada and SIRIBAYA and KAKADIAN in Mali. Merrex Gold is listed in Canada. Its market capitalisation is CA$ 44.8 millions as of today (US$ 33.3 millions, € 31.4 millions). Its stock quote reached its highest recent level on December 29, 2006 at CA$ 1.30, and its lowest recent point on December 13, 2013 at CA$ 0.02. Merrex Gold has 199 230 000 shares outstanding. |