Gold Dragon Capital Management Ltd. (Gold Dragon) releases comments on Petaquilla Minerals Ltd. (PTQ.TO) press release on its NI 43-101 for the Palmilla Deposit dated 2013-10-09

PANAMA CITY, Panama, Oct. 28, 2013 /CNW/ -

Guillermo Cruz, President respectfully reports:

Please be advised that Gold Dragon holds 100% of the contractual rights of the Belencillo Property Concessions, including the Palmilla Deposit (known as File 99-50 at the Mineral Resources Department of Panama). PTQ.TO has contractual rights to 17% to 20% of Gold Dragon's stock by the way of an Option/JV Agreement dated May 6, 2005 signed with PTQ.TO.  This can be verified by reading various Annual Reports from PTQ filed in EDGAR and SEDAR.

Gold Dragon advises that it does not agree to any contractual pledging, hypothecating, or sale of any rights of the Belencillo Property Concessions, including the Palmilla Deposit or the Rio Petaquilla Property Concessions (File 2003-31).  PTQ.TO has been notified that any financings are precluded from use of these concessions without the written consent of Gold Dragon.

SOURCE: Gold Dragon Capital Management Ltd.

For further information:

For request of a copy of the Option/JV Agreement signed between Gold Dragon and PTQ.TO please contact Mr. Guillermo Cruz, at +507-236-6930.

Profil de l'entreprise

Gold Dragon Capital Management Ltd.

Renseignements sur cet organisme


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.