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Royal Standard Minerals Inc.

Publié le 08 septembre 2009

has exercised its option to purchase 100% interest in the Railroad Project

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     ROYAL STANDARD MINERALS, INC.
cid:image001.jpg@01CA271A.33102710

 

WWW.ROYALSTANDARDMINERALS..COM

http://finance.yahoo.com/q?s=RYSMF.OB

ROYAL STANDARD MINERALS, INC. (RYSMF) HAS EXERCISED ITS OPTION TO PURCHASE 100% INTEREST IN THE RAILROAD PROJECT, ELKO COUNTY, NEVADA

 

Manhattan, Nevada- September 8, 2009-Royal Standard Minerals, Inc. (RYSMF:OTCBB) (CUSIP 780919106) (?RSM?) announces its has purchased 100% interest in the Railroad project, located in Elko County, Nevada, and sold its 100% interest to an unrelated private company for a total transaction price of $2.965 million. RSM?s net after payout of the option to purchase exercise is $1.2 million.  As part of this transaction, RSM retains a 1% NSR royalty and received 500,000 common shares in the private company.  This transaction closed on August 31, 2009.  The Company retains its 100% interest in the Pinon and Darkstar properties and the included land position in Elko County, Nevada.

 

Plans for 2009-2010 continue to include evaluating all options to maximize shareholder value to include several initiatives that are expected to unlock the inherent value of the existing assets that are 100% controlled by the Company in Nevada.  As stated previously, RSM will seek to develop a capital structure that will finance the Company for future growth over the next two years. This effort includes capitalizing the Goldwedge and the Pinon projects toward further development and identifying potential joint venture or investment partners that are capitalized for growth.

 

RSM is a natural resource exploration and development company, www.royalstandardminerals.com

 

For further information about this release contact Mr. Roland Larsen, (775) 487-2454 and/or

Mr. Rich Kaiser, Investor Relations, 800-631-8127.

 

Royal Standard Minerals cautions that the statements made in this press release constitute forward-looking statements, and no guarantees of future performance and actual results or developments may differ materially from the projections in the forward-looking statements. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made.

Contact:

Roland Larsen

804-580-8107

Rich Kaiser

800-631-8127

 

 

If you received this email in error or would like to be removed from database, SEND ?REMOVE-RSM? to yes@yesinternational.com and/or call 757-306-6090.

RYSMF.OTCBB
 
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Royal Standard Minerals Inc.

CODE : RYSMF.OB
ISIN : CA7809191066
CUSIP : 780919106
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Royal Standard Min. est une société développant des projet miniers d'or et de cuivre basée aux Etats-Unis D'Amerique.

Royal Standard Min. détient divers projets d'exploration en USA.

Ses principaux projets en exploration sont BUNKERVILLE, GOLDWEDGE et COMO en USA.

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Attributions d'options de Royal Standard Minerals Inc.
13/07/2007Announces Grant of Options
Projets de Royal Standard Minerals Inc.
17/11/2009(Goldwedge)Goldwedge Project Development, Nye County, Nevada Update
27/10/2009(Pinon Gold)Exploration Plans for Pinon and Darkstar Projects
20/10/2009(Goldwedge)Plans for Underground program at Goldwedge Project
13/10/2009(Goldwedge)Plans for Goldwedge Project, Nye County, Nevada
08/09/2009(Railroad-pinon)has exercised its option to purchase 100% interest in the Ra...
23/09/2008(Goldwedge)Goldwedge Project, Nye County, Nevada: Underground Developme...
14/07/2008(Goldwedge)PROGRESS AT GOLDWEDGE PROPERTY, NYE COUNTY, NEVADA
28/05/2008(Goldwedge)Activities at Goldwedge, Dixie Comstock, Railroad Projects, ...
24/04/2008(Goldwedge)Production increse at the Goldwedge Project
29/01/2008GOLDWEDGE PROGRESS, NYE COUNTY, NEVADA
10/01/2008(Railroad-pinon)Drilling Continues on the Railroad Porphyry/Skarn
22/10/2007(Pinon Gold)Goldwedge Progress and Drilling Program at Pinon Gold-Silver...
09/07/2007Progress at the Goldwedge Project to Include Potentially Sig...
05/06/2007Goldwedge Project Test Mining and Onsite Processing Plant Co...
Communiqués de Presse de Royal Standard Minerals Inc.
22/10/2009Current Activities on its Nevada Projects
06/10/2009Exercises its option to purchase unpatented and patented min...
03/06/2009Clarifies Restatement of Comparative Amounts Reported in our...
01/06/2009Announces Plans for 2009-2010
06/03/2009Management Changes
03/03/2009Resignation of Director and Officer
18/02/2009Progress report to our Shareholders
25/11/2008Joint Venture coal exploration agreement has been completed
25/08/2008has received first shipment of Gold Dore
29/07/2008 Has Acquired a 100% Interest in a Coal Project in Eastern K...
12/06/2008to enter into a joint venture to develop coal properties
05/02/2008RAILROAD PRESENTATION
22/10/2007PICTURES(GOLD)
20/09/2007Goldwedge Progress and Drilling Programs for Other Projects ...
15/08/2007Progress and Drilling Programs for Other Projects in Nevada
20/06/2007CORRECTION Announces a Normal Course Issuer Bid
21/05/2007Goldwedge Project Progress, Nye County, Nevada And Other New...
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OTC BB (RYSMF.OB)FRANKFURT (R2H.F)
0,112-20.00%0,060+13.21%
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52 sem. b/h var. 52 sem.
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Volume var. 1 mois
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