New Cantech Ventures Inc.: Joint Venture Agreement Discussions
25 Fevereiro 2008 - 3:55PM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX VENTURE: NCV)(FRANKFURT: C7X)
is very pleased to announce that it has held discussions to
formalize a Joint Venture Agreement on the Lucky Ship Molybdenum
Project with Palm Clean Energy Inc. and Daewon Chemical Co. Ltd. of
Korea, the two corporate optionees pursuant to an existing Option
Agreement. The existing agreement was entered into on December 13,
2006 and provided that the parties would subsequently enter into a
formal joint venture. Representatives of the Korean Option
Agreement partners were in Vancouver between February 18 - 23, 2008
for discussions on the draft of the Joint Venture Agreement and to
review plans for further Lucky Ship development. New Cantech
representatives will be attending additional meetings which are
currently scheduled for the month of March, in Seoul, South
Korea.
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 of Directors
James Jacuta, Chairman, CEO and President
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of the
information contained herein.
Contacts: New Cantech Ventures Inc. James Jacuta President and
CEO (604) 638-0699 Website: www.newcantech.com
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