Mega Uranium Mining & Exploration in  Canada, Cameroon, Australia, Argentina, Bolivia, Columbia and Mongolia.

2016 News Releases

2015 News Releases

2014 News Releases

2013 News Releases

2012 News Releases

2011 News Releases

2010 News Releases

2009 News Releases

2008 News Releases

2007 News Releases

2006 News Releases

2005 News Releases

2004 News Releases

2003 News Releases

2002 News Releases

2001 News Releases

Investor Resources

TSX: MGA
(15-20 min delay)

[Chart]

>> view stock information

Contact

Mega Uranium Ltd.
211 Yonge Street, Suite 502
Toronto, Ontario, Canada
M5B 1M4

Phone 416.643.7630
Fax 416.941.1090
 

Signup for email alerts

2004 News Releases

Maple Announces Completion of Acquisition of La Paloma Concession in Dominican Republic

TORONTO, ONTARIO, April 26, 2004 – Maple Minerals Corp. ("Maple") (TSXV:MPM) is pleased to announce that it has entered into a definitive agreement in connection with its previously announced acquisition (see press release of Maple dated March 19, 2004) of a 100% interest in the property known as the La Paloma concession from A R Explotaciones Mineras, S.A. (“A R”). The property, which consists of 16,376 mining hectares, is located in the Dajabon province of the Dominican Republic and straddles Unigold Inc.’s Sabaneta property and Neita property, where Unigold has reported diamond drill hole values of up to 2.2 g/t gold over 61 meters on their Los Candelones zone.

Upon entering into the definitive agreement, Maple paid U.S.$40,000 and issued 200,000 common shares and 100,000 share purchase warrants to A R. Each share purchase warrant will entitle the holder thereof to acquire one common share of Maple at an exercise price of $0.80 for a period of two years. In order to acquire an 80% interest in the La Paloma concession, Maple must conduct a minimum of U.S.$400,000 in exploration expenditures on the property within the next two years. In order for Maple to acquire the remaining 20% interest in the La Paloma concession, it must conduct additional exploration expenditures on
the property in the amount of U.S.$200,000.

Maple is a Toronto based resource company with properties in Africa, the Dominican Republic and Canada. For more information about Maple, please visit the company’s website at www.mapleminerals.com.

This news release contains forward-looking statements within the meaning of the “safe harbour” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause Maple’s results to differ materially from expectations. These include risks relating to market fluctuations, property performance and other risks. These forward-looking statements speak only as of the date hereof. Maple dis claims any intent or obligation to update these forward-looking statements.

The TSX Venture Exchange has not reviewed and does not take responsibility for the adequacy or accuracy of this release.

Contact:

L.M. (Gino) Falzone
President
(416) 643-7630