Free press releases distribution network?

Agency / Source: Entropy Resources Pty Ltd

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Entropy Resources S.A. – Termination of Joint Venture with TransAfrican Minerals Ltd - The reason of the termination is the fact that TransAfrican Minerals has failed to honor the financial and exploration commitments assumed with Entropy in due time
Entropy Resources S.A. – Termination of Joint Venture with TransAfrican Minerals Ltd

 

PRZOOM - /newswire/ - Redcliffe, Western Australia, Australia, 2008/04/25 - The reason of the termination is the fact that TransAfrican Minerals has failed to honor the financial and exploration commitments assumed with Entropy in due time.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Mining/Metal/Mineral Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Entropy Resources S.A.(Entropy) a private Argentinean mining company, with HQ in Perth, Western Australia, in relation to the press release dated 4 April 2008, wishes to announce that the Board of Directors of Entropy has decided to terminate the binding Memorandum of Understanding (MoU) signed on 3 March 2008 by Mr. Mohamed Matongo on behalf of TransAfrican Minerals Limited (TransAfrican), in connection with 4 exploration projects (38 licenses) that make the portfolio of Entropy in the province of San Juan, Argentina. The reason of the termination is the fact that TransAfrican Minerals has failed to honor the financial and exploration commitments assumed with Entropy in that agreement in due time.

MANAGEMENT'S COMMENT

Eduardo Videla, President & Director of parent company Entropy Resources Pty Ltd comments: "It is a big disappointment that TransAfrican Minerals Ltd, apparently a serious emerging global mining company, has not fulfilled the financial obligations agreed in the binding MoU signed in good faith between the parties. Entropy wishes to advice to its shareholders, contractors, underlying owners and supporters, our regret by choosing TransAfrican Minerals as business partner, and also that this temporary setback will not stop its Board of Directors in its duty of care of finding the right partners and financial backers to fulfill its corporate commitment of explore and discover world-class deposits within its portfolio of properties, located in a hot-spot of the mining landscape of Argentina.

Signed "Eduardo Videla"
ENTROPY RESOURCES S.A./ENTROPY RESOURCES PTY LTD

Eduardo Videla
President & Director Entropy Resources Pty Ltd
Vice President & Director Entropy Resources S.A.

This release includes certain statements that are "forward-looking statements". All statements in this release, other than statements of historical facts that address future exploration, development and production activities, and other circumstances, events and developments that the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results, events and developments may differ materially from those in the forward-looking statements. The occurrence of certain risk factors, the probability of which is unknown, may also affect actual results, events and developments expected by the Company.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Mining/Metal/Mineral Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Entropy Resources Pty Ltd

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Mining/Metal/Mineral articles,
CATCH Visitors via Your Competitors Announcements!


Entropy Resources S.A. – Termination of Joint Venture with TransAfrican Minerals Ltd

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
|
Contact: Eduardo Videla - EntropyResources.com.au 
+61(4) 0011 4396 erv[.]entropyresources.com.au
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Entropy Resources Pty Ltd securities in any jurisdiction including any other companies listed or named in this release.

Mining/Metal/Mineral via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From Entropy Resources Pty Ltd / Company Profile


Read Mining/Metal/Mineral Most Recent Related Press Releases:

ASC Joins Metso's Aggregates Distributor Network in Qatar
Metso Wins A Significant Order to Deliver A New Minerals Processing Plant to Russia
Atlas Copco Collaborates with Saab and Combitech to Develop Safe Mining Digitalization Solutions
Atlas Copco Wins Orders in Kazakhstan for Highly Productive Mining Operations
W Resources Expands Production by Around 75% At the La Parrilla Project with Metso's Technology
Metso Welcomes HOLT CAT to Texas Distributor Network
Metso Presents Latest Innovations for the Mining Industry At Perumin 2017
Frost & Sullivan Commends FELUWA's Groundbreaking MULTISAFE® Double Hose-Diaphragm Pump for Efficiently Handling Liquid Flows in the Mining Industry
Metso to Present Latest Innovations for the Mining Industry At Exposibram 2017
Teko Mining in Serbia Improves Product Quality and Production Capacity by Implementing Metso's Crushing and Screening Solutions

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  SKS Media | SKS Associates Ltd

Visit  RightITnow Ltd

Visit  JobsWare.com







 
  ©2017 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today