Thursday, December 23, 2010

[Canada's] Shamika2Gold Executes Definitive Agreement to Acquire Gold and Ruby Licenses in Cambodia

Wednesday, Dec. 22, 2010
Sun Herald (Mississippi, USA)

MONTREAL -- Aultra Gold, Inc., operating internationally as Shamika2Gold (“Shamika”), has executed a definitive securities exchange agreement to acquire a concession of a gold and ruby exploration license in Cambodia. The area covered in the license is comprised of approximately 158 square miles in the Samlaut district adjacent to the famous Pailin ruby gem area. A Phase 1 & 2 Survey Report on the project was prepared by Terra Insight Services, Inc., a subsidiary of Terra Energy & Resource Technologies, Inc., suggesting potential resources of 1.5 million ounces of gold and 9,000 kilograms of rubies.


Upon consummation of the exchange, Shamika will acquire approximately 85% of the capital stock from the Mauritius holding company which, upon formation and contribution, will hold these mining rights in exchange for 57,000,000 shares of Shamika common stock and shares of Series B Performing Preferred Stock, entitling the holder to 45% of the net operating profit from the mining project. The closing is conditioned upon the formation of the holding company and subsequent contribution of the mining rights.

“This is a very important acquisition for Shamika and confirms the company’s strategy to acquire and develop international gold assets ready or close to production,” stated Robert Vivian, President and Chief Executive Officer.

5 comments:

ជនពាល said...

មិនដឹងជាសូកលុយក្រោមតុក ទៅមន្រ្តីគ្រាក់ៗអស់ប៉ុន្មានទេ ទំរាំទទួលបាន
ច្បាប់អនុញ្ញាត និងកុងត្រានេះ ។
មកពី អាចឹងហើយ បានជាម្នាក់ដណ្ដើមគ្នាធ្វើ
មន្រ្តី ៗ

Anonymous said...

វាមានតែពួកអាប្រឆាំងទេដែលចង់ធ្វើធំហើយយក
លុយទៅសូកប៉ាន់ដល់រាជការ។

Anonymous said...

samlaut and pailin areas are good for this investment. make sure, they do it along the law and not damage the environment and polluting the rivers, streams, landscapes, etc; that's all!

Anonymous said...

did you know that cambodia gem stone from pailin/samlaut area were among the best quality the world sought after? it's true, my parent came from pailin town before the war, they told me so, and i've seem gems from there with my own eye, they are brilliant, the best of the best comparable to ruby and sapphire from kashmir of india and mongot in burma, really! god bless cambodia.

Anonymous said...

Prime minister Hun Sen! your lost your land and sea again, next time Cambodian border next to your home, Heng Somrin he lost his entire home village to Viet already but dare to say nothing, Chea Sim is too weak to say anything except prepare himself for judgement day, where is our belove king please get out from closet and give a big slap on Hun Sen face and say louder "why you gave my land and sea to Viet and punish my people hasss!"?, His majesty the king you can not stay in closet for too long, Cambodian are waiting for you to do something, you have no wife no kid must not afraid to die, you will be our hero king forever.