Toronto, Ontario (PRWEB) April 21, 2014 -- A25 Gold Producers Corporation announces that due to having no cash reserves remaining that it must return 9 claims to the original owner.
Under the terms of the agreement with the seller of the properties, the company was to have paid shares and cash for the properties. A25 Gold was not able to pay the seller, Western Fortune Mines and Worldwide Graphite Producers Corporation the cash component of the agreement. The sellers will be required to return the share component of the agreement. As well A25 Gold has not been able to raise the necessary funds to maintain the mining licence fees.
Tenure Number Claim Name (if any) Map Number
524835 - 092L
524838 - 092L
524844 - 092L
524846 - 092L
524848 - 092L
689804 PILLARS OF BOAZ 092L
835292 A25 EXTENSION A 092L
835295 A25 EXTENSION B 092L
836101 NORMA 104I
About A25 Gold Producers Corporation:
A25 Gold Producers Corporation, a company based in British Columbia, Canada is in the business of commercializing gold and silver properties that had been active mines in the past but were under exploited. The properties are located in the Zeballos area near the west coast of Vancouver Island, British Columbia. The properties are grouped into one contiguous area giving the company extensive claims over lands that the provincial mining authority has identified as an area that can be expected to meet previous production records.
Certain statements above constitute forward-looking statements with respect to A25 Gold Producers Corporation and affiliated companies. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the companies to be materially different from any further results, performance or achievements expressed or implied by such forward-looking statements.
jim adams, A25 Gold producers Ltd, http://a25gold.com, +1 416 971 6422, [email protected]