Tumi Resources Limited - Tumi Sells Assets for US$580,000
07.02.2011 | CNW
VANCOUVER, Feb. 7 - Tumi Resources Limited (the “Company“) (TSXV-TM; Pink Sheets - TUMIF; Frankfurt - TUY). Mr. David Henstridge, President, announces that as part of a consolidation of its Mexican mineral property portfolio, and in order to focus on its main projects in Mexico and Sweden, the Company has sold its interest in the Batamote Concessions (“Batamote“), located in Sonora, Mexico, to Minera Genminmex, S.A. de C.V. (“Minera Genminmex“), a wholly-owned subsidiary of High Desert Gold Corporation (TSXV: HDG). Batamote has been under joint venture with Minera Genminmex since 2007. Under the terms of the agreement, the Company has received US$330,000 cash and the Company retains a 2% NSR. The Company also announces that it has sold an apartment in Lima, Peru, for US$250,000 cash. The Company sold the apartment as it is no longer active or seeking mineral property acquisitions in Peru.
On behalf of the Board,
“David Henstridge“
David Henstridge, President & CEO
Forward Looking Statements This Company Press Release contains certain “forward-looking“ statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.
Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor the Frankfurt Stock Exchange accepts responsibility for the adequacy or accuracy of this news release.
For further information:
Company Contact:
Mariana Bermudez at (604) 699-0202
or email: mbermudez@chasemgt.com
website: www.tumiresources.com
Investor Information Contact:
Mining Interactive
Nick L. Nicolaas at (604) 657-4058
or email: nick@mininginteractive.com
website: www.mininginteractive.com