Trading Symbol: RRO - TSX-V
Shares Outstanding: 112,127,490
HALIFAX, Nov. 25 /CNW/ - Royal Roads Corp. (RRO-TSX-V) ("Royal Roads") announced today that the term loan to Acadian Mining Corporation ("Acadian Mining") with an outstanding balance of $2,583,565.90 plus accrued interest of $38,613.08 due on November 28, 2009, has been repaid in full. Over the course of the loan period, Royal Roads was paid interest in the aggregate amount of $360,979.49. The loan was secured by the assets of Acadian Mining, which security will now be released.
About Royal Roads
Royal Roads is a resource company based in Halifax, Nova Scotia, Canada and is primarily focused on exploring and developing mineral properties in the famous historic Buchans mining camp, the Tulks North property and the Long Range joint venture property, all of which are located in central Newfoundland and Labrador, Canada. Acadian Mining Corporation (ADA-TSX) owns 29.18% of Royal Roads.
"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".
SOURCE ROYAL ROADS CORP.
For further information: For further information: Royal Roads Corp.: Will Felderhof, President & CEO; David Felderhof, Vice-President, (902) 444-3637, Halifax, Nova Scotia; www.royalroadscorp.ca