/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
Trading Symbol: TSX-V: OCN
Shares Issued: 15,825,000
HALIFAX, Jan. 24, 2013 /CNW/ - As previously announced Oceanus Resources
Corporation (TSXV: OCN) ("Oceanus" or the "Company") has signed a
binding letter of intent ("LOI") to acquire all of the issued and
outstanding securities of Lunar Gold Holdings Incorporated ("LGH"), a
Canadian company, by way of security exchange. LGH and LGH's wholly
owned Canadian subsidiary, LGHI Holdings Incorporated ("LGHI"),
together own 100% of Minera Pueblo de ORO SA DE CV, a Mexican company,
("MPO"). MPO is a party to agreements to earn a 100-per-cent interest
in twelve (12) Mexican mining concession titles, collectively known as
the La Lajita property (the "Claims") covering approximately 3,218
hectares in Durango, Mexico (the "MPO Agreements").
The transaction is subject to TSX Venture Exchange (the "Exchange") and
other regulatory approvals. As well, closing is subject to a geological
report compliant with National Instrument 43-101 being approved by the
Exchange and other customary approvals for transactions of this type.
Mercator Geological Services Limited has prepared a geological report
compliant with National Instrument 43-101 on the Claims (the "Technical
Report"). Oceanus has submitted the Technical Report to the Exchange
As previously announced, Oceanus intends to complete a private placement
offering (the "Offering") at a price of $0.26 per common share. The
Company may pay a Finder's Fee of 6% cash and 6% Finder's Warrants in
accordance with Exchange Policy 5.1.
The securities issued pursuant to the Offering will be subject to a hold
period expiring four months and one day after the closing of the
Offering in accordance with applicable securities laws and, if
required, the policies of the Exchange. The current officers and
directors of Oceanus may subscribe under the Offering.
Trading of Oceanus's stock has been halted and will remain halted,
pursuant to Exchange Policy 5.3. The acquisition and Offering are
expected to close on or before February 28, 2013.
David R. Duncan, P. Geo., who is a Qualified Person as defined under
National Instrument 43-101, has reviewed and approved the information
contained in this press release.
Neither 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.
This News Release includes certain "forward-looking statements". All
statements other than statements of historical fact, included in this
release, including, without limitation, statements regarding potential
mineralization and reserves, exploration results, and future plans and
objectives of Oceanus, are forward-looking statements that involve
various risks and uncertainties. There can be no assurance that such
statements will prove to be accurate and actual results and future
events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to
differ materially from Oceanus's expectations are exploration risks
detailed herein and from time to time in the filings made by Oceanus
with securities regulators.
SOURCE: OCEANUS RESOURCES CORPORATION
For further information:
Richard Gordon, President, Oceanus Resources Inc., T: 902 441-6700 F: 902 446-2001