BLACK PEARL MINERALS DEBENTURE REDEMPTION
Black Pearl Minerals Consolidated Inc. TSX-V: BLK (“the Company��) is
pleased to announce that the Company will redeem the series 1 convertible
debentures. The debentures are callable starting September 5, 2008 for
3,000 ounces of gold.
The Company will redeem the debentures for $1.593 million in cash,
1.875 million common shares of the Company, and issue the debenture holders
a gold option agreement whereby the debenture holders have the right to
purchase 2,000 ounces of gold at US$500 per ounce. The rights under the
gold option agreement are only exercisable in respect to gold which may be
produced from the Ferro Mine and Wekusko properties at the point whereby
gold production reaches 2,667 ounces. Completion of the transaction is
subject to regulatory approval including approval of the TSX Venture
For more information please contact;
Judy Baker, President
Or visit our website at www.blackpearlminerals.com
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
SnapMail is a Service of www.RMC.mobi
Black Pearl Minerals Consolidated Inc.
130 Adelaide Street West, Suite 2700
Toronto Ontario Canada