Royal Standard Minerals, Inc. Announces Plans for 2009-2010
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MANHATTAN, NEVADA, Jun 01 (MARKET WIRE) --
ROYAL STANDARD MINERALS INC. (OTCBB: RYSMF) (C.U.S.I.P. 780919106)
("RSM") announces its plans for 2009-2010 which includes evaluating all
options to maximize shareholder value. The plan puts forth several
initiatives that are expected to unlock the inherent value of the
existing assets that are 100% controlled by the Company in Nevada. As
stated previously in a recent press release, RSM will seek to develop a
capital structure that will finance the Company for future growth over
the next two years.
Additionally, this plan includes advancing the Goldwedge property toward
achieving the potential that RSM believes this area contains. Management
will pursue additional advanced exploration extension drilling at the
Fondaway Canyon property and advance this property's state and federal
development permits. RSM will pursue a strategic partnership for its
Pinon-Railroad project; also to maximize the value of these assets in the
near term.
Roland Larsen, CEO, states, "We believe that growth can be achieved with
returns that will contribute toward maximizing shareholder value in RSM
in the near term."
RSM is a natural resource exploration and development company,
www.royalstandardminerals.com
Contacts:
Royal Standard Minerals Inc.
Roland Larsen
804-580-8107
775-487-2454
Mr. Rich Kaiser
Investor Relations
800-631-8127
Copyright 2009, Market Wire, All rights reserved.
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