Monday, December 23, 2024
If you support the work of Guyana Graphic click here to : DONATE
HomeBusinessLegacy Goes Platinum in Guyana

Legacy Goes Platinum in Guyana

NEW YORK, Feb. 8, 2013 (GLOBE NEWSWIRE) — Legacy Wine & Spirits International Ltd. (Pink Sheets:LWSP) announces the signing of a Letter of Intent (“LOI”) with Mojave Gold Corporation (“Mojave”), www.mojavegoldcorp.com of Largo, Florida.


NEW YORK, Feb. 8, 2013 (GLOBE NEWSWIRE) — Legacy Wine & Spirits International Ltd. (Pink Sheets:LWSP) announces the signing of a Letter of Intent (“LOI”) with Mojave Gold Corporation (“Mojave”), www.mojavegoldcorp.com of Largo, Florida.

The LOI allows for Legacy to have the right to earn up to a 30% interest in Target #1(Kaburi Anorthosite) of Mojave’s PGM Project in their Platinum/Palladium licenses in Guyana. The arrangement also calls for an exchange of shares for both companies and a cash commitment from Legacy to Mojave for the Target #1 work program.

Mojave, through its majority owned subsidiaries GlobalMin LLC and GlobalMin Guyana Inc. have already been granted an exclusive Reconnaissance Permit (Permission for Geological and Geophysical Survey) to work on the concessions. The negotiations for the Permit were conducted directly with Guyana’s Prime Minister, with review by the Guyana Geology and Mines Commission (GGMC).

“With more than a decade of substantial Guyana field and analytical work performed by Dr. Paul Lechler, the retired Nevada Bureau of Mines and Geology Chief Geochemist, we feel very excited to be part of this tremendous opportunity which will greatly enhance our shareholders’ share value,” states Jaclyn Cruz, President.

Visit our site: www.legacywineandspirits.com

The Legacy Wine and Spirits International Ltd. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8328

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in Legacy’s filings with the Securities & Exchange Commission.

Related Articles

Cheddi Jagan International Airport

Contact Information for Cheddi Jagan International Airport

Address: Timehri, Guyana

Call: +592 261 2281

Call: +592 699 9074

Call: +592 600 7022

Email: cjiac@cjairport-gy.com https://cjairport-gy.com/contact-us/

Most Popular

Recent Comments

Debra K. Lawrence on Hotels you’ll never forget
Leith Yearwood on Snake Cut
Georgina Lambert-Calvert on What has happened to some of our young folks
Caribbean C Live on John Gimlette’s Voyages
Rev. Adunnola Waterman-French on GAC 2012 Reunion – A perfect Take-off
Georgina Lambert-Calvert on Guyana Emancipation (Freedom) Day History
Althea Garraway on Tapir
Open chat
Hello
Can we help you?