Welcome To The 300 Club HUB On AGORACOM
We may not make much money, but we sure have a lot of fun!
Message: Why SELL their Ecuador Property ????
520 – 800 West Pender Street, Vancouver, B.C. V6C 2V6 T (604) 687-0449 F (604) 687-0827 Email copper@corriente.com “NEWS RELEASE” For Immediate Release March 31, 2009 TSX: CTQ NYSE Amex: ETQ NEGOTIATIONS CONTINUING FOR POTENTIAL SALE OF THE COMPANY VANCOUVER, CANADA, March 31, 2009 – Corriente Resources Inc. announces that negotiations are continuing with the selected party regarding the potential sale of the Company, as announced on December 16, 2008. Management is pleased with the significant progress that has been made in the negotiations over the last few months, but more time is needed by the parties prior to reaching any agreement. Further comments or announcements will be made by the Company as developments warrant. No assurance can be given that the negotiations will result in an agreement for the sale of the Company. ABOUT CORRIENTE Corriente holds a 100% interest in four known copper and copper-gold porphyry deposits that are being strategically developed as the Mirador Project (which includes our Mirador Norte deposit) and the Panantza- San Carlos Project, for which NI 43-101 Technical Reports have been filed on SEDAR (
www.sedar.com
).
The company also holds 100% of concession interests covering approximately 430 square kilometers, in which six additional copper exploration targets have been identified. Taken together, the known project deposits and exploration targets represent a potential long-term district development opportunity for largescale copper-gold mining in southeast Ecuador.
“Ken Shannon”
Kenneth R. Shannon
CEO and President
For further information, please contact Mr. Dan Carriere, Senior Vice-President,
at (604) 687-0449 or see our website at www.corriente.com.
Certain statements contained in this News Release, which provides an update on the status of the company’s negotiations regarding the
potential sale of the Company constitutes forward-looking statements within the meaning of the United States Private Securities Litigation
Reform Act of 1995 and applicable Canadian securities legislation. Forward-looking statements include among other things, statements
regarding projected production rates and capital costs, estimates regarding copper prices, mineral resources and anticipated grades and
internal rates of return. Forward-looking statements are statements that are not historical facts and that are subject to a variety of risks and
uncertainties, which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including,
but not limited to, risks related to the exploration stage of the company’s projects; discussions with prospective joint venture partners and
related potential outcomes; market fluctuations in prices for securities of exploration-stage companies; uncertainties about the availability of
additional financing; uncertainties related to fluctuations in copper prices; the possibility that Corriente may change its plans with respect to one
or more properties; and other risks and uncertainties described in the company’s Annual Information Form for the year ended December 31,
2007, and registration statement on Form 40-F filed with Canadian securities regulators and the U.S. Securities and Exchange Commission,
respectively. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary, and we cannot
guarantee future results, levels of activity, performance or achievements.
Disclosure statements as required
by National Instrument 43-101 are
available at our website
www.corriente.com
Loading...
Loading...
New Message
Please
login
to post a reply