Molten Metals Announces Acquisition of Val-d'Or Gold Project
Vancouver - Molten Metals Corp. (the "Company") (C:MOLT; FSE:Y44), is pleased to announce that, subject to the approval of the Canadian Securities Exchange (the "Exchange"), the Company has executed an acquisition agreement (the "Transaction") with arm's-length parties (the "Vendors") to acquire a 100% interest in certain 40 mineral claims (the "Claims") located in the eastern part of the Abitibi Greenstone Belt, about 25 km northeast of the gold mining center of Val-d'Or, Quebec. The Project covers over 20 km2 and is located within the prolific Val d'Or mining district which includes projects owned and operated by Agnico Eagle Mines Ltd. (Canadian Malartic Mine, 7.9Moz Au), Eldorado Gold Corp. (0.877 Moz Au) and O3 Mining Inc. (Marban Alliance, 2.6 Moz Au).
For 100%, interest, the Company will issue 8,000,000 common shares to the Vendors within five days of receipt of approval from the Exchange and complete $150,000 of work expenditures within two (2) years. The company has granted to the Vendors a 2-per-cent net-smelter returns royalty on the claims making up the property with no historical royalty.
The transaction contemplated, including the issuance of the Shares, are subject to the final approval of the Exchange. The Shares will be subject to the applicable hold periods in accordance with securities laws in Canada and the Exchange policies.
For Additional Information Please Contact
Brooklyn Reed Corporate Secretary Molten Metals Corp. 778.918.2261
Email: brooklyn@moltenmetalscorp.com
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Forward-looking Statements
Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, the Transaction and the completion of the Transaction on the terms and timing described herein. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "will" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are from those expressed or implied by such forward-looking statements or forward-looking information subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different, including receipt of all necessary regulatory approvals. Although management of the Company have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.
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