PRTODAY / NewswireToday Free press release distribution service network

Written by / 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

 

NewswireToday - /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!


 

Written by / Agency / Source: Entropy Resources Pty Ltd

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today 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 Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Eduardo Videla - EntropyResources.com.au 
+61(4) 0011 4396 erv[.]entropyresources.com.au
 
Newswire Today - PRZOOM / PRTODAY 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 Articles From Entropy Resources Pty Ltd / Company Profile


Read Mining/Metal/Mineral Most Recent Related Newswires:

GE and South32 Enter Digital Transformation Strategic Partnership
Metso & CDE Start Collaboration to Provide Comprehensive Solutions for the Manufactured Sand Market in India
Metso Honored with Best Foreign Entrepreneur 2016 Award in South Korea
New Metso Nordberg NP20 - Increased Capacity and Maintenance Friendliness for Aggregates Operators in Canada
Metso Digital Program Set to Accelerate Business Growth
Steady Technological Advancements Improve Opportunities for the South African Mining Explosives Market Finds Frost & Sullivan
Metso Launches Industry-changing Metso MX Crusher for Minerals Processing
Metso Introduces A New Digital Service Enabling Data-driven Operations and Improved Performance
Metso Introduces A Community-friendly Lokotrack® Urban™ Series to Enable Safe Rock Crushing in Cities
Metso Awarded for its Contribution to the Mining Industry and Economic Development of Local Community by the Basque Government
Metso Wins Recognition as A Leading Brand in the Brazilian Mining Sector for the Second Consecutive Year
Metso Announces New Distributor Model for Italy
Metso Receives Two Awards for its Outstanding Work in Enhancing Occupational Safety
Boliden Selects Metso to Supply Equipment for A New Surface Crushing Station to Aitik Copper Mine in Sweden
Metso's Upgraded PlantTriage Software Simplifies Real-time Performance Management and Strengthens Cybersecurity

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  NAKIVO, Inc.

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free 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 entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)