Trading Symbol: TSX-V: RGZ
TORONTO, Feb. 10 /CNW/ - Randsburg International Gold Corporation (TSX-V:
RGZ) announced today that, subject to TSXV approval, a subsidiary (85% owned
by Randsburg), has acquired a 50 to 75% interest in certain mining
authorizations/claims, located in Goias State, Brazil from a private Brazilian
company. The authorizations/claims cover approximately 3,000 hectares. The
subsidiary also obtained a 50% interest in related plant and equipment.
The parties have set up a joint venture to explore the mining
authorizations/claims. As consideration for the acquisition of the interest,
the Company will expend $300,000 U.S. dollars over a 20 month period on
exploration and development and issue 1 million common shares. The Company
will be the operator of the joint venture.
On behalf of the Board of Directors of
Randsburg International Gold Corp.
President and Chief Executive Officer
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
This release contains certain "forward-looking statements". All
statements, other than statements of historical fact, that address activities,
events or developments that the Company believes, expects or anticipates will
or may occur in the future, are forward-looking statements. Forward-looking
statements reflect the current internal projections, expectations or beliefs
of the Company based on information currently available to the Company.
Forward-looking statements are subject to a number of risks and uncertainties,
including those detailed from time to time in filings made by the Company with
securities regulatory authorities, that may cause the actual results of the
Company to differ materially from those discussed in the forward-looking
statements, and even if such actual results are realized or substantially
realized, there can be no assurance that they will have the expected
consequences to, or effects on, the Company.
Copyright, 2009 Randsburg International Gold Corporation. This news
release can be reproduced and retransmitted in whole, with no changes
permitted of any kind, including headlines, or the addition of any headlines
or other material, and providing it is supplied and made available without
charge to the end reader.
For further information:
For further information: Michael Opara, President and Chief Executive
Officer, Tel: (416) 486-4078