Sacre-Coeur Minerals in Negotiations Regarding Its Acquisition
SACRE-COEUR MINERALS, LTD. (the 'Company?) is pleased to announce
that it has received a written non-binding proposal for the acquisition
of the Company by a large international mining entity. The proposed
terms are now in negotiation, but would involve the purchase of all of
the outstanding common shares of the Company at a premium to the current
market price. The transaction would be in the form of a Plan of
Arrangement and would be subject to customary conditions, including a
due diligence review. The Board of Directors of the Company has
authorized the negotiation and preparation of formal documentation in
respect of the proposed transaction.
Further details of the proposed transaction will be released as soon as
available.
About Sacre-Coeur
The Company is engaged in the acquisition, exploration and development
of properties for the potential mining of gold, metals and diamonds in
South America, initially focussing on exploration for gold on its
properties in Guyana. The Company presently has an interest in
approximately 1000 sq. km of mineral properties in Guyana, including the
Million Mountain Property. The Company has offices in Vancouver, Canada
and Georgetown, Guyana. More information about the Company is available
at <www.scminerals.com>.
ON BEHALF OF THE BOARD OF DIRECTORS OF
SACRE-COEUR
MINERALS, LTD.
'Irwin Olian?
Irwin A.
Olian
Chairman and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release. The
statements made in this press release may contain certain
forward-looking statements that involve a number of risks and
uncertainties. Actual events or results may differ from the Company′s
expectations.
SACRE-COEUR MINERALS, LTD.
Gregory Sparks, President and CEO
Email:
greg@scminerals.com
Phone:
604-899-0100
Fax: 604-899-0200
or
Scott Young, Corporate
Communications
Email: scott@scminerals.com
Phone:
604-899-0100
Cellular: 705-888-2756
Fax: 604-899-0200