Press Release |
Huldra Silver Inc. Announces Entry Into Mill Purchase and Services Agreement
* Reuters is not responsible for the content in this press release.
VANCOUVER, BRITISH COLUMBIA, Jun 21 (MARKET WIRE) -- Huldra Silver Inc. (the "Company" or "Huldra Silver") (TSX VENTURE: HDA) is pleased to announce that it has entered into a Purchase and Service Agreement with Canadian Royal Mining Corporation of Chilliwack, BC, to acquire a two hundred (200) ton per day modular silver, lead, zinc process plant. The mill is expected to be delivered to the Company's milling property in Merritt, BC, in the third quarter of 2011 and will take approximately three months to commission and assemble. APPOINTMENT OF CORPORATE SECRETARY The Company has appointed Kathleen Nosek as Corporate Secretary. Ms. Nosek has 10 years of administrative experience. Prior to joining the Company, Ms. Nosek spent three years working in the resource sector with Global Mining Management Corp., a private service company based in Vancouver. RESIGNATION OF DIRECTOR The Company also wishes to announce that David Chong has resigned as a director of the Company effective as of June 20, 2011. "I would personally like to thank David for his outstanding commitment to the Company as an active director since the Company went public in 1987. The wisdom and guidance he has provided has been instrumental in ensuring the Company's future growth," stated Ryan Sharp, CEO and Director. TREASURE MOUNTAIN PROGRESS UPDATE A 48 man modular camp has been installed in the Treasure Mountain mining camp. All services are expected to be connected before the end of the month. A small crew, situated at a temporary camp, has been working on road maintenance and camp construction. Once the full camp is installed, the Company expects that full exploration and development programs will commence. Huldra is currently working on plans to put its Treasure Mountain Project, located 3 hours east of Vancouver, BC, into development subject to permitting and financing. The Company is also actively assessing other opportunities for acquisition and development. On behalf of the Board of Directors Ryan Sharp, MBA, President, CEO & Director Disclaimer for Forward-Looking Information Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company's overall business development objectives and plans. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future, and include statements that the mill is expected to be delivered to the Company's property in the third quarter of 2011 and will take approximately three months to assemble and commission; that the Company expects the services at the new camp to be connected before the end of the month; that the Company expects full exploration and development at Treasure Mountain to commence once the full camp is installed; and that the Company intends to put the Treasure Mountain Project into development. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause the Company's actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) any number of events or causes which may delay delivery of the mill or construction of the new camp, (2) a downturn in general economic conditions in North America and internationally, (3) the inherent uncertainties and speculative nature associated with silver exploration, (4) a decreased demand for silver, (5) any number of events or causes which may delay exploration and development of the Company's property interests, such as environmental liabilities, weather, mechanical failures, safety concerns and labour problems, (6) the risk that the Company does not execute its business plan, (7) inability to finance operations and growth, (8) inability to obtain all necessary permitting and financing, and (9) other factors beyond the Company's control. These forward-looking statements are made as of the date of this news release and the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws. Additional information about the Company and these and other assumptions, risks and uncertainties is available in the Company's public filings with Canadian securities regulators, available on SEDAR at www.sedar.com. Neither the 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 news release. Contacts: Huldra Silver Inc. Ryan Sharp 604-647-0142 604-647-0143 (FAX) firstname.lastname@example.org or IR@huldrasilver.com www.huldrasilver.com Copyright 2011, Market Wire, All rights reserved. -0-