Trading Symbol: RRO - TSX-V |
|
News Release No. 19-09 |
Shares Outstanding: 112,127,490 |
|
November 25, 2009 |
ROYAL ROADS RECEIVES $2,622,178.98 IN FULL REPAYMENT OF TERM LOAN
Royal Roads Corp. (RRO-TSX-V) ("Royal Roads") announced today that the term loan to Acadian Mining Corporation (�Acadian Mining�) with an outstanding balance of $2,583,565.90 plus accrued interest of $38,613.08 due on November 28, 2009, has been repaid in full. Over the course of the loan period, Royal Roads was paid interest in the aggregate amount of $360,979.49. The loan was secured by the assets of Acadian Mining, which security will now be released.
About Royal Roads
Royal Roads is a resource company based in Halifax, Nova Scotia, Canada and is primarily focused on exploring and developing mineral properties in the famous historic Buchans mining camp, the Tulks North property and the Long Range joint venture property, all of which are located in central Newfoundland and Labrador, Canada. Acadian Mining Corporation (ADA-TSX) owns 29.18% of Royal Roads.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Royal Roads Corp. |
|
Will Felderhof, President & CEO |
|
David Felderhof, Vice-President |
|
Ph: (902) 444-3637 |
|
Halifax, Nova Scotia |
|
www.royalroadscorp.ca |
|
�Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release�.
|
Buchans Minerals Corporation
|
|
EXPLORATION STAGE |
CODE : BMC.V |
|
CUSIP : 11801R108 |
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Buchan Minerals is a zinc and lead exploration company based in Canada. Buchan Minerals holds various exploration projects in Canada. Its main exploration properties are GRANITE LAKE, LONG RANGE, BUCHANS, BURTONS POND, TULKS NORTH, TULKS HILL, DANIELS POND and LUNDBERG in Canada. Buchan Minerals is listed in Canada. Its market capitalisation is CA$ 17.5 millions as of today (US$ 16.0 millions, € 11.3 millions). Its stock quote reached its highest recent level on December 31, 2007 at CA$ 2.90, and its lowest recent point on July 17, 2013 at CA$ 0.02. Buchan Minerals has 166 280 000 shares outstanding. |