Sakha Enterprises Announces Agreement With Goldbear Capital Corporation of Toronto
14 Julho 2009 - 10:00AM
Marketwired
Sakha Enterprises Corporation (PINKSHEETS: SAKH) (SAKH) is pleased
to announce that it has signed an Engagement Letter with Goldbear
Capital Corporation of Toronto, and has entered into the first
phase of an agreement to raise up to $US10 million for exploration
for its properties in Buryatia, Russia.
The funds will be utilized for completion of the drilling work
required to convert presently Russian Classification Resources of
gold Resources, to Canadian NI-43-101 Compliant Classification of
gold Reserves. This is required for listing the company on the TSX
Stock Exchange and for further development of the deposits.
Goldbear Capital Corporation will assist Sakha Enterprises
Corporation to obtain the listing on the TSX Stock Exchange that is
projected to take between 120-150 days.
"This engagement represents a significant step forward for Sakha
in order to generate the required exposure leading us to becoming a
sizable gold producer in the future," said Franz Dobnik, President
and CEO of Sakha Enterprises Corporation.
Sakha Enterprises Corporation
Contact: Franz Dobnik, President
1 First Canadian Place, Suite 350, Toronto, ON, Canada M5X 1C1
Common shares outstanding: 56 million
Share float: 3 million
In compliance with the safe harbor provision of the Private
Securities Litigation Act of 1995, Sakha notes that statements
contained in the announcement that are nor historical fact may be
forward-looking statement that are subject to a variety of risks
and uncertainties. Accordingly, Sakha wishes to caution readers of
this announcement that its future results may differ materially
from those that any forward-looking statement may imply. There are
no assurances that above described events will be completed. There
can be no assurances of the ability of the Company to achieve the
sales goals, obtain contract or financing, consummate acquisitions
or achieve profitability in the future.
FOR FURTHER INFORMATION, CONTACT: Franz Dobnik President Phone:
(416) 830 0905 Email: Email Contact Web site:
www.sakhaenterprises.com
Sakha Enterprises (PK) (USOTC:SAKH)
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