Hutchison Minerals Company Ltd.
Pembleton Minerals Acquired Sikafo Gold Mines,LTD
Hutchison Minerals Company Ltd. / Key word(s): Acquisition 17.12.2011 / 18:01 --------------------------------------------------------------------- Orlando, Florida, USA - For Immediate Release - December 17, 2011 Pembleton Minerals and Metallugical Co. Ltd. (Pembleton): Deutsche Börse symbol: 7PBN, announces it has acquired Sikafo Gold Mines,LTD (Sikafo) in an all stock transaction. Pembleton has signed an agreement to acquire 100 percent of the outstanding shares of Sikafo Gold Mines,LTD of Ghana. Sikafo is developing two properties in Ghana, their 9.6 square kilometre Marantha property, referred to as Anwona Concession and the Ofin River Range Concession in Ghana, West Africa. An independent valuation has been provided to Pembleton which identifies a alluvial valuation of 114 million euros for Sikafo, based on a discounted basis, using a price of $ 1,500.00 US dollars per ounce of gold. This does not include the potential hard rock gold bearing minerals. For full details visit www.sikafo.com. About Pembleton Pembleton Minerals is a Mineral company active in the exploration and development of natural resources, and more specifically, development of gold, silver and coal mining. It operates worldwide with a specific interest in acquiring high output bearing properties. About Sikafo Gold Mines,LTD Sikafo Gold Mines, LTD is a gold producing company led by a proven and successful management team. The company's projects are located in Ghana, West Africa and range from alluvial production to advanced exploration of hard rock. Unlike most Junior Miners, Sikafo commences production of Alluvial gold within months while conducting testing for hard rock deposits within its properties. This 'new-model' production strategy puts Sikafo on course to independence and capital growth while it is developing the project towards the Bankable Feasibility Stage. Disclaimer & Safe Harbor Statement: This release may contain certain 'forward-looking statements' with respect to certain of Pembleton Minerals and Metallugical Co. Ltd.'s plans, goals and expectations regarding its future financial condition, performance, results, strategy and objectives. Words such as 'anticipates', 'expects', 'intends', 'plans', 'believes', 'seeks', 'estimates', 'may', 'could', 'would', 'might', 'will' and variations of these words or similar expressions are intended to identify forward-looking statements. In addition, any statements that refer to expectations, beliefs, plans, projections, objections, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Forward-looking statements in this press release are not promises or guarantees of future performance and are subject to risks and uncertainties that could cause Pembleton Minerals and Metallugical Co. Ltd.'s actual results to differ materially from those anticipated. Pembleton Minerals and Metallugical Co. Ltd. cautions the reader not to place undue reliance upon any such forward-looking statements. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed herein as well as the following: (i) domestic and global economic and business conditions; (ii) market related risks and the performance of financial markets generally; (iii) the policies and actions of regulatory authorities; (iv) the impact of competitive factors; (v) risks and uncertainties associated with future acquisitions or combinations within relevant industries; and (vi) changes in capital, solvency or accounting standards as well as tax and other relevant legislation or regulations in the jurisdictions in which Pembleton Minerals and Matallugical Co. Ltd. operates. The actual results that Pembleton Minerals and Metallugical Co. Ltd. achieves may differ materially from any forward-looking statements which are based on management's beliefs and opinions at the time the statements are made. Pembleton Minerals and Metallugical Co. Ltd. does not undertake any obligation to update forward-looking statements should circumstances or management's beliefs or opinions change. For further information please contact: Pembleton Minerals and Metallugical Company Ltd. 1037 28th Street, Orlando, Florida USA 32805 001(407) 447 1432 End of Corporate News --------------------------------------------------------------------- 17.12.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 150164 17.12.2011
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