Nortec Submits Business Proposal to National Mining Corporation (ENAMI EP), Ecuador
15 Junho 2010 - 10:00AM
Marketwired
Nortec Minerals Corp. (TSX VENTURE: NVT)(PINK SHEETS:
NMNZF)(FRANKFURT: WMQ) ("Nortec" or the "Company"), is pleased to
announce that Mohan R. Vulimiri, Executive Chairman and CEO met
with the Vice-minister for Non-renewable Natural Resources, the
General Manager, and the technical, legal, and social executives of
the newly formed National Mining Corporation (ENAMI) on June 8,
2010. Nortec submitted a formal business proposal to the General
Manager of ENAMI, Mr. Jose Cisneros on June 11, 2010. The proposal
consisted of forming a participating association or a consortium
with ENAMI and the Ministry of Non-renewable Natural Resources as
part of its business model for exploration and development of
mineral resource projects in Ecuador.
This business proposal was developed after well-received
presentation meetings with the President of Ecuador and his cabinet
on March 25, 2010, with the Minister of Non-renewable Natural
Resources along with the Vice-minister for Non-renewable Natural
Resources, General Manager of ENAMI and his team on April 22, 2010,
and again with the ENAMI team on May 19, 2010.
Nortec is expecting a reply and feedback to the proposal and the
shareholders will be advised promptly in the event that a formal
agreement between the parties is signed that will lead to
participation in mineral projects. Details with respect to the
projects will be released subsequently.
About Nortec Minerals Corp.
Nortec is a mineral exploration and development company based in
Vancouver, British Columbia. The Company has an option to earn from
Akkerman Exploration B.V., a 100% interest in the Seinajoki-
Gold-Antimony Property and Kaatiala Rare
Earth-Beryllium-Tin-Lithium Property in western Finland. Nortec has
a 100% interest in the Tammela Lithium-Tin-Tantalum Project in
south-west Finland; a 100% interest in the LK
Palladium-Platinum-Gold-Copper-Nickel Project (the combined Kaukua
& Haukiaho Projects) in north-central Finland, a minimum 51%
interest with an option to earn 100% interest in the TL
Nickel-Copper-Cobalt Property in Northern Labrador, Canada; and, an
option to acquire 51% interest in the Ganarin Gold-Silver Property,
Ecuador.
On behalf of the Board of Directors,
NORTEC MINERALS CORP.
Ian F. Laurent, President
This press release contains certain forward looking statements
which involve known and unknown risks, delays and uncertainties not
under the Company's control which may cause actual results,
performances or achievements of the Company to be materially
different from the results, performances or expectations implied by
these forward looking statements. This news release does not
constitute an offer to sell or a solicitation of an offer to buy
any of the securities in the United States.
The TSX Venture Exchange has not reviewed and does not accept
the responsibility for the adequacy or accuracy of this news
release.
Contacts: Nortec Minerals Corp. Ian F. Laurent President +1
604-717-6426 +1 604-683-9649 (FAX) www.nortecminerals.com
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