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Merrex Gold Sells Sutherlands Pond and Hungry Hill Properties, Newfoundland
Published : April 14, 2011
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Mots clés associés :   Mali |

HALIFAX, NOVA SCOTIA--(Marketwire - April 14, 2011) - Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc. ("Merrex") (News - Market indicators) announces that Merrex has sold its interests in the Sutherlands Pond and Hungry Hill properties in Newfoundland to Messina Minerals Inc. ("Messina") for 500,000 common shares of Messina.

Sutherlands Pond-Hungry Hill Agreement

The Sutherlands Pond property is a 50% interest in a 50 claim property; the Hungry Hill property is a 50% interest in a 232 claim property, both in Newfoundland. Merrex sold its interests in the Sutherlands Pond and Hungry Hill properties to Messina for 500,000 common shares of Messina, retaining a 1% net smelter returns royalty subject to 50% purchase by Messina for $500,000. The disposition is 'exempt' for Merrex; the acquisition by Messina is subject to TSX approval.

Merrex is a Mali focused and well-funded gold exploration company with experienced management, a solid exploration team, a prominent gold-producer as a partner and an expanding gold resource … a winning combination offering investors an extraordinary opportunity.

Please visit our new website at www.merrexgold.com for more details on our Siribaya Gold Project.

On Behalf of the Board

Gregory Isenor, P.Geo., President & CEO

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.

Neither the 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.

Merrex Gold Inc.
Gregory Isenor, P.Geo.
President & CEO
(902) 832-5555
(902) 832-2223 (FAX)
info@merrexgold.com
Données et statistiques pour les pays mentionnés : Mali | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Mali | Tous

Merrex Gold

EXPLORATEUR
CODE : MXI.V
ISIN : CA59012H1047
Suivi et investissement
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Merrex Gold est une société d’exploration minière d'or basée au Canada.

Merrex Gold détient divers projets d'exploration au Mali.

Ses principaux projets en exploration sont RED LAKE PROPERTIES et JUBILEE au Canada et SIRIBAYA et KAKADIAN au Mali.

Merrex Gold est cotée au Canada. Sa capitalisation boursière aujourd'hui est 44,8 millions CA$ (33,3 millions US$, 31,4 millions €).

La valeur de son action a atteint son plus haut niveau récent le 29 décembre 2006 à 1,30 CA$, et son plus bas niveau récent le 13 décembre 2013 à 0,02 CA$.

Merrex Gold possède 199 230 000 actions en circulation.

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