New Cantech Ventures Inc.: Update on Joint Venture Discussions
April 09 2008 - 7:44PM
Marketwired
VANCOUVER, BRITISH COLUMBIA (FRANKFURT: C7X) (the "Company") is
pleased to announce that the Company's president James Jacuta and
corporate attorney have just returned from Seoul, Korea. The
purpose of the trip was to discuss a formalized Joint Venture
Agreement with Palm Clean Energy Inc. and Daewon Chemical Co. Ltd.
of Korea. The Company wishes to report that it is pleased with the
meetings held in Korea with the Korean companies, their Presidents
and legal counsel. Negotiations are progressing and discussions
continue on details of a proposed Joint Venture Agreement. The
Company currently expects that it will be able to announce the
results of these discussions shortly.
The Company also reports A.C.A. Howe International Limited has
advised the Company that it is concluding calculations on an
updated NI 43-101 resource estimate on the Lucky Ship project and
the Company expects to have this report made available shortly.
The Company will be attending the Cambridge Investment Resource
Conference in Calgary on April 12th and 13th booth number 117.
Company representatives will be available to answer questions
regarding the Lucky Ship project.
About New Cantech
New Cantech is a TSX Venture listed mineral exploration and
development company focusing on the development of its Lucky Ship
Molybdenum Property in west central British Columbia and the
advancement of its other mineral exploration properties, all of
which are located within Canada.
On Behalf of the Board
James D. Jacuta, Chairman, President & CEO
Contacts: New Cantech Ventures Inc. Doug Kerr (604) 638-0699 or
Toll Free: 1-866-580-0699 (604) 638-0698 (FAX) Email:
kerr@newcantech.com Website: www.newcantech.com
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