Midlands Minerals receives TSXV approval for Parlozi
24 April 2014 - 11:23PM
Marketwired
Midlands Minerals receives TSXV approval for Parlozi
TORONTO, ONTARIO--(Marketwired - Apr 24, 2014) - Midlands
Minerals Corporation ("Midlands" or the "Company")
(TSX-VENTURE:MEX) is pleased to announce that, further to its April
7, 2014 press release in which the Company announced it had entered
into a definitive agreement (the "Option Agreement") with Reservoir
Minerals Inc. ("Reservoir") (TSX-VENTURE:RMC) for an option to earn
up to a 75% interest in Reservoir's Parlozi Zinc-Silver-Lead
Project (the "Project") in Serbia (the "Transaction"), it has now
received approval for the filing of this transaction by the TSX
Venture Exchange and has therefore met all of the closing
conditions.
The joint technical committee is currently finalizing the work
program and six month budget which includes the completion of drill
planning to meet the 1,500 metre minimum drill commitment under the
Option Agreement. Permitting for drilling is already in place.
Dr. Dominique Fournier, EurGeol, a "qualified person" as defined
by National Instrument 43-101, has reviewed and approved the
technical information and data included in this press release.
About Midlands Minerals Corporation:
Midlands is a Canadian resource company with common shares that
trade on the TSX Venture Exchange under the symbol "MEX". The
Company identifies global mineral projects that are described as
having exceptional exploration potential, and undertakes
exploration based on industry best practice to investigate and
release this value for shareholders.
The Parlozi Project, the Company's flagship, is a 91 square
kilometre exploration permit which is conveniently located 35
kilometres south of Belgrade, the capital of Serbia. The Parlozi
permit covers occurrences of historical lead-zinc-silver mining in
the Kosmaj-Babe area of the Sumadija mining district in central
Serbia. The mineralization in the permit comprises silver-bearing
vein and replacement-type lead-zinc sulphides hosted by carbonate
sedimentary rocks associated with intrusive Tertiary quartz latite
dykes and volcanic breccias. This type of mineralization has long
supported lead-zinc-silver mining operations in the region.
Additional information on Midlands can be viewed under the
Company's profile at www.sedar.com or on Midlands' website:
www.midlandsminerals.com which is currently under
re-construction.
This news release includes certain forward-looking
statements or information. All statements other than statements of
historical fact included in this release, including, without
limitation, statements regarding the completion of the Transaction,
the receipt of regulatory approvals, the Company's future plans,
objectives or expectations of the Company are forward-looking
statements that involve various risks and uncertainties. There can
be no assurance that such statements will prove to be accurate and
actual results and future events could differ materially from those
anticipated in such statements. Important factors that could cause
actual results to differ materially from the Company's plans or
expectations include risks relating to the fluctuating gold prices,
possibility of equipment breakdowns and delays, exploration cost
overruns, availability of capital and financing, general economic,
market or business conditions, regulatory changes, timeliness of
government or regulatory approvals and other risks detailed herein
and from time to time in the filings made by the Company with
securities regulators. The Company expressly disclaims any
intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or
otherwise except as otherwise required by applicable securities
legislation. Neither the TSX Venture Exchange, its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange, nor the OTCQX accepts responsibility for the
adequacy or accuracy of this release.
Midlands Minerals CorporationCraig PearmanPresident and CEO+1
604 366 2229cpearman@midlandsminerals.comMidlands Minerals
CorporationNick TintorChairman+1 416 987 0855ntintor@rgmi.ca
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