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Honey Badger Exploration Announces Sale of Nevada Blackjack Property to Entree Gold
Published : May 09, 2011
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Mots clés associés :   Canada | Copper | K Street |

TORONTO, ONTARIO--(Marketwire - May 9, 2011) - Honey Badger Exploration Inc. (News - Market indicators) ("Honey Badger" or the "Company") has entered into an agreement with a wholly owned subsidiary of Entree Gold Inc. (TSX:ETG)(NYSE Amex:EGI)(FRANKFURT:EKA) to sell its interest in the HBE Blackjack property in the state of Nevada, USA. Pursuant to the terms of an option agreement between the Company and Entree dated July 20, 2009 (as amended), Entree has previously earned a 51% interest in the property and also had the right to earn up to an 80% interest in the property over a three year period. The parties have agreed to terminate the option agreement in favour of the purchase and sale agreement whereby Entrée will purchase the entire remaining 49% interest in the property.

Under the purchase and sale agreement ("The Agreement") Entree will pay the Company gross cash proceeds totaling US$650,000 and issue 550,000 of its common shares. The securities will be subject to a restricted period of four months and one day from the date of issuance.

The Agreement is subject to TSX Venture Exchange approval and acceptance by the Toronto Stock Exchange.

Administration

Target Acquisitions

Over the past 6 months, the Company has been diligently identifying and reviewing highly prospective available gold properties mainly in Canada as Canadian based mineral properties facilitate the raising and use of flow-through funds for exploration. This extensive review procedure has narrowed the search to three prospective target properties and the Company is in various stages of due diligence, negotiations and discussions with the current holders of these properties. The Company expects to complete this process by no later than June 30, 2011.

Also included as part of this review is the Company's 100% owned Limonite gold property in British Columbia for which Honey Badger recently completed an updated 43-101, and is available under the Company's profile on www.SEDAR.com.

Annual General Meeting

The Company is pleased to announce that its upcoming annual and special meeting will be held at the Company's offices, 141 Adelaide Street West, Suite 520 Toronto, Ontario, Canada on June 23, 2011 at 10:30am. Shareholders of record as of the close of business on May 16, 2011 will be entitled to vote on the resolutions put forth at this meeting. The mailing of proxy materials will occur during the latter part of May.

Board of Directors ("Board")

Mr. Michael Marchand has resigned from the Board effective immediately to pursue other interests. We would like to take this opportunity to thank Michael for his valued input and efforts over the past years and wish him well in his future endeavours. Mr. Craig Scherba, P. Geol. has kindly accepted the invitation to join the Board effective May 15, 2011. We are pleased to have Craig join our Board as his qualifications and experience will ensure the continuity of geological input and review.

About Honey Badger Exploration Inc.

Honey Badger Exploration is a gold and base-metals exploration company headquartered in Toronto, Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange under the symbol "TUF".

For more information, please visit our website at http://www.honeybadgerexp.com.

This News Release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995, with respect to its exploration results, the potential for discovery of additional mineralized zones and future exploration programs and budgets. These forward-looking statements are made as of the date of this news release. Users of forward-looking statements are cautioned that actual results may vary from the forward-looking statements contained herein. While the Company has based these forward-looking statements on its expectations about future events as at the date that such statements were prepared, the statements are not a guarantee of the Company's future performance and are subject to risks, uncertainties, assumptions and other factors which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Such factors and assumptions include, among others, the effects of general economic conditions, the prices of gold and copper, changing foreign exchange rates and actions by government authorities, uncertainties associated with legal proceedings and negotiations and misjudgments in the course of preparing forward-looking statements. In addition, there are known and unknown risk factors which could cause the Company's actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws.



Honey Badger Exploration Inc.
Brent Nykoliation
Vice President of Business Development
(416) 364-7029
(416) 364-2753 (FAX)
bnykoliation@HoneyBadgerexp.com
or
Honey Badger Exploration Inc.
Kirk McKinnon
President & CEO
(416) 364-7029
(416) 364-2753 (FAX)
www.honeybadgerexp.com
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Honey Badger Exploration Inc.

EXPLORATEUR
CODE : TUF.V
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Honey Badger est une société d’exploration minière d'argent et d'or basée au Canada.

Honey Badger détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont BUCKSKIN NORTH, BLACKJACK PROPERTY et ROULETTE PROPERTY en USA et LIMONITE CREEK, STEALTH et WARM SPRINGS au Canada.

Honey Badger est cotée au Canada. Sa capitalisation boursière aujourd'hui est 5,0 millions CA$ (4,0 millions US$, 3,5 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 0,20 CA$, et son plus bas niveau récent le 15 mai 2020 à 0,01 CA$.

Honey Badger possède 100 788 849 actions en circulation.

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Rapports annuels de Honey Badger Exploration Inc.
2007 Annual Report
Nominations de Honey Badger Exploration Inc.
24/09/2013Appoints New Chairman of the Board and Officers
13/09/2013Announces Resignation of President and CEO
04/07/2011Announces Results of Annual Meeting of Shareholders and Meet...
11/02/2008Announces Appointment of New Management and Directors
Projets de Honey Badger Exploration Inc.
09/05/2011(Blackjack Property)Announces Sale of Nevada Blackjack Property to Entree Gold
08/06/2010(Blackjack Property)Commences Drill Program
03/03/2010(Blackjack Property)& Entrée Gold to Drill Copper-Molybdenum Targets
28/02/2008(Iron Cap)Significantly Expands Iron Cap Property Land Position in Cop...
Communiqués de Presse de Honey Badger Exploration Inc.
26/01/2016Honey Badger Acquires Additional Claims in the LG Diamond Pr...
29/09/2015Honey Badger Exploration Announces Acquisition of LG Diamond...
26/08/2015Honey Badger Exploration Announces Appointment of New Chief ...
25/08/2015Honey Badger Exploration Announces Appointment of New Chief ...
02/03/2015Honey Badger Continues to Expand IOCG Potential at its Sagar...
27/02/2015Honey Badger Continues to Expand IOCG Potential at Its Sagar...
23/02/2015Honey Badger Exploration to Exhibit at the 2015 PDAC Interna...
09/01/2015Honey Badger to Exhibit at the 2015 Vancouver Resource Inves...
12/12/2014Honey Badger Announces Closing of Private Placement
19/11/2014Honey Badger Provides Sagar Exploration Update
03/11/2014Honey Badger Revises Terms and Extends Private Placement Fin...
09/10/2014Honey Badger Provides Update on Current Exploration Program ...
26/09/2014Honey Badger Extends Closing Date of Private Placement Finan...
23/09/2014Honey Badger Provides Exploration and Financing Overview
10/09/2014With Insights From Summer Exploration, Honey Badger Outlines...
03/09/2014Honey Badger Continues to Expand Sagar Property Potential: N...
15/08/2014Honey Badger Exploration Inc.: Update on Previously Announce...
14/08/2014Honey Badger Provides Exploration Update at Sagar
05/08/2014Honey Badger Exploration Announces New Terms of Sagar Proper...
16/07/2014Honey Badger Targets Potential IOCG (Iron Oxide Copper Gold)...
07/07/2014Honey Badger Exploration Announces Results from its Annual G...
03/07/2014Honey Badger Identifies Geochemistry Associated With IOCG (I...
25/06/2014Honey Badger Announces Brokered Private Placement
29/05/2014Honey Badger Files Preliminary Short Form Prospectus for New...
14/05/2014Honey Badger Completes Winter Exploration Program on Sagar I...
12/07/2013Identifies Potential for New Gold Zones on Radisson Property...
31/05/2013Announces Proposed Consolidation and Advance Notice Provisio...
22/03/2013Begins Drilling Gold Targets on Radisson
01/03/2012to Exhibit at the 2012 PDAC International Trade Show & Inves...
28/02/2012Successful Soil Sampling Program Outlines 18 Gold Targets fo...
07/06/2011Re: Postal Disruption-Please See Alternative Voting Procedur...
30/05/2011Announces Proposed Share Consolidation at Upcoming Annual an...
26/08/2009Finalizes Agreement with Entrée Gold
02/05/2006$1 million financing closes
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