Chart usGOLD   Chart usSILVER  
 
Food for thought
Mettez 10% de vos actifs en or et priez pour que ça ne marche pas
Adage boursier  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1294.08-0.58
Silver 19.630.01
Platinum 1404.500.00
Palladium 794.900.90
WORLD MARKETS
DOWJONES 16409-16
NASDAQ 40969
NIKKEI 1451699
ASX 544532
CAC 40 443226
DAX 941092
HUI 220-2
XAU 90-1
CURRENCIES (€)
AUS $ 1.4802
CAN $ 1.5214
US $ 1.3810
GBP (£) 0.8222
Sw Fr 1.2199
YEN 141.4400
CURRENCIES ($)
AUS $ 1.0724
CAN $ 1.1022
Euro 0.7241
GBP (£) 0.5957
Sw Fr 0.8831
YEN 102.3800
RATIOS & INDEXES
Gold / Silver65.92
Gold / Oil12.37
Dowjones / Gold12.68
COMMODITIES
Copper 3.040.02
WTI Oil 104.590.83
Nat. Gas 4.740.21
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
Ryan Gold Corp. Announces Acquisition of Property Interests
Published : February 06, 2013
( 0 vote, 0/5 ) Print article
     
Tweet

TORONTO, ONTARIO--(Marketwire - Feb. 6, 2013) - Ryan Gold Corp. (News - Market indicators) ("Ryan Gold") is pleased to announce that it has completed the expenditures required to acquire a 10% non-diluting interest in the Farley Lake Property owned by Carlisle Goldfields Ltd. ("Carlisle"), and a 10% interest in the Hope Brook Gold Property owned by Castillian Resources Corp. ("Castillian") (please see press releases dated October 26, 2012 and November 1, 2012). In order to acquire the respective property interests, Ryan Gold was required to incur aggregate exploration expenditures of $2,000,000 on each of the properties by December 31, 2012.

With respect to the Farley Lake property interest, the parties have agreed to enter into a joint venture agreement pursuant to which Carlisle will incur all further expenditures on the property until it reaches commercial production. At any time prior to December 31, 2014, Ryan Gold can return its 10% interest back to Carlisle (the "Put Right") in return for 10,000,000 common shares of Carlisle ("Carlisle Shares"), provided that the exercise of the Put Right does not result in Ryan Gold holding 20% or more of all of the issued and outstanding Carlisle Shares at the time of exercise. Further, at any time after December 31, 2013 and prior to December 31, 2014, Carlisle will have the right to have Ryan Gold transfer the interest back to Carlisle for $2 million cash.

With respect to the Hope Brook Gold property interest, Ryan Gold and Castillian have agreed to form a joint venture under which Ryan Gold will have a carried 10% interest until December 31, 2013, following which each company will contribute to further expenditures on the property in proportion to their respective joint venture interests. Ryan Gold has an option to transfer its 10% interest back to Castillian prior to June 30, 2013 for that number of shares of Castillian that is equal to $2 million divided by the greater of (a) $0.05 and (b) the market price of Castillian's common shares on the TSX Venture Exchange ("TSXV") at the time Ryan Gold exercises this option, less the maximum discount permitted under the policies of the TSXV, provided that the exercise does not result in Ryan Gold holding 20% or more of all of the issued and outstanding Castillian Shares at the time of exercise. At any time prior to December 31, 2013, Castillian will have the option to purchase the interest back from Ryan Gold in consideration for, at Castillian's option, either a cash payment to Ryan Gold of $2 million or 40,000,000 Castillian shares.

About Ryan Gold Corp.

Ryan Gold Corp. is an exploration company focussed on gold exploration primarily in the Yukon Territory, Canada. The Company is well funded and has a large land package of over 400,000 hectares comprised of over 70 different properties. The company's flagship property is Ida Oro. The Company completed drill programs on the Ida Oro and Flume Properties in 2012, and also systematically explored a number of its other properties.

Forward Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Ryan Gold, including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, dependence upon regulatory approvals, the availability of financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

Ryan Gold Corp.
David Schmidt
Interim Chief Executive Officer
(604) 639-3119
www.ryangold.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All
Tweet

Ryan Gold Corp

CODE : RYG.V
ISIN : CA7834891078
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Email Alert Add to Watchlist Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy
Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Ryan Gold Corp
5/12/2011Announces Closing of C$52,275,000 Financing
4/28/2011Announces Increase in Size of Private Placement to $42,275,0...
Nominations of Ryan Gold Corp
12/12/2012. Announces Change of Officer
5/11/2011Appoints Shawn Ryan as President
Corporate news of Ryan Gold Corp
7/5/2013. Announces Exercise of Carlisle Put Right
6/4/2013. Announces Exercise of Castillian Put Right
5/9/2013Adopts Advance Notice By-Law and Terminates Option on Flume ...
3/15/2013Announces Final 2012 Exploration Results and 2013 Exploratio...
2/6/2013. Announces Acquisition of Property Interests
11/9/2012Announces Third Quarter Non-Cash Impairment in Carrying Valu...
11/9/2012Announces Third Quarter Non-Cash Impairment in Carrying Valu...
11/6/2012Announces Drill Results on Flume Property
11/1/2012. and Carlisle Goldfields Limited Announce Closing of $1,000...
11/1/2012. Finalizes Option Agreement With Castillian Resources
10/31/2012Intersects More Gold Mineralisation, Including 18.78 m at 2....
10/26/2012. and Carlisle Goldfields Limited Announce Execution of Opti...
10/24/2012CORRECTION FROM SOURCE/Ryan Gold Corp. Clarifies Terms of Op...
10/24/2012. Announces Option Agreement With Castillian Resources Corp.
9/11/2012Intersects Significant Gold Mineralisation, Including 50.72 ...
7/19/2011Provides Exploration Update
4/27/2011Announces $40 Million Private Placement
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (RYG.V)
0.135+0.00%
TSX-V
CA$ 0.135
04/17 15:43 -
0%
Prev close Open
0.135 0.135
Low High
0.135 0.135
Year l/h YTD var.
0.130 -  0.180 -3.57%
52 week l/h 52 week var.
0.110 -  0.180 22.73%
Volume 1 month var.
38,000 -3.57%
24hGold TrendPower© : -31
Produces
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
TOP NEWSRELEASES
Annual variation
DateVariationHighLow
2014-3.57%0.180.13
2013-33.33%0.230.10
2012-69.57%0.950.19
2011-67.91%2.300.48
2010411.90%3.640.31
 
5 years chart
 
3 months chart
 
3 months volume chart