Buchans Minerals Corporation

Published : November 25th, 2009

Receives $2,622,178.98 In Full Repayment Of Term Loan

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Keywords :   Canada |

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�.

 

Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Buchans Minerals Corporation

EXPLORATION STAGE
CODE : BMC.V
CUSIP : 11801R108
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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.

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3/20/2013& Minco cut 202.5 metres of 11.08% manganese at Woodstock ma...
3/13/2013announces successful pre-concentration tests on its Woodstoc...
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1/9/2013(Buchans)& Minco receive final assays from Lundberg drilling, Buchans...
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11/25/2009Receives $2,622,178.98 In Full Repayment Of Term Loan
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4/1/2010& Benton Commence Drilling Range Copper Discovery
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6/17/2009Announces Start Date Of Buchans Drill Program
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