Prom Resources Inc. (PRMO) Announces Ivory Coast Property Acquisition
April 20 2011 - 6:00AM
Marketwired
Prom Resources Inc. (the Company) (PINKSHEETS: PRMO) is pleased to
announce it is negotiating the acquisition of additional properties
in the Republic of the Ivory Coast in West Africa (Republic of Côte
d'Ivoire). The company believes that the properties are showing
significant gold bearing material. The details of the interest will
be release within a timely manner, according to the delimitative
agreement.
"Over the past year the company has strategically negotiated and
added significant properties to its portfolio as well as a minority
interest in a refinery. With the addition of this property in
Republic of Côte d'Ivoire into our already existing ore bearing and
producing properties, we are enhancing shareholders value," said
Mr. Dror Moradov, president and CEO of the company.
Over the past two quarters the company has negotiated a minority
interest in gold assets and continued to inventory gold bearing
material. The company expects to increase production and inventory
during fiscal year 2011.
FORWARD-LOOKING STATEMENTS
Prom Resources Inc. cautions that the statements made in this
press release constitute forward-looking statements, and not
guarantees of future performance and actual results or developments
may differ materially from projections in the forward-looking
statements. Forward-looking statements are based on the estimates
and opinions of management at the time the statements are made.
Contact: Dror Moradov President Phone: (407) 956 8677
http://www.promresources.com
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