Schuldenfrei !!!!!!!! Das wird der grösste Zock der letzten Wochen !
De Beira Goldfields Inc.: Project Divestment
2008-05-29 05:20 ET - News Release
PERTH, WESTERN AUSTRALIA -- (MARKET WIRE) -- 05/29/08
De Beira Goldfields Inc. ("DE BEIRA" or the "Company") (OTCBB: DBGF)(FRANKFURT: D1Q)(WKN: A0JDS0) announces divestment of mineral interests.
De Beira has divested all its mineral project interests in order to realise funds to settle liabilities and reduce expenditure. The Company has withdrawn from the Condoroma and Suyckutambo Silver / Gold Projects in Peru, where it had been exploring to earn up to 70% interest. The Company retains no project interest in those areas. It has also sold its interest in the Colombian copper/gold project, Titiribi, in exchange for cash and listed securities. Those listed securities have themselves been sold on-market to realise cash.
The Company's contract to acquire 80% of Ecuador company, Minanca Minera Nanguipa, Compania Anonima ("Minanca") has been terminated and the Company will not proceed to complete that transaction.
The Company's primary remaining asset is a loan of approximately US$6 million to Minanca and negotiations are underway for the recovery of that loan amount, so that the funds can be used to settle all remaining outstanding liabilities of the Company.
Klaus Eckhof, Chairman
Contacts:
De Beira Goldfields Inc.
Klaus Eckhof
Chairman
+61 (08) 9240 6717
+61 (08) 9240 2406 (FAX)
Website: www.debeira.com
