Kirrin Resources Bottom Brook REE Project Awarded $100,000 Grant by Government of Newfoundland and Labrador
02 November 2011 - 11:30PM
Marketwired
Kirrin Resources Inc. (TSX VENTURE:KYM) today announced that it has
been advised by the Department of Natural Resources of the Province
of Newfoundland and Labrador that Kirrin's application for Junior
Exploration Assistance under the Mineral Incentive Program has been
successful. The grant of $100,000 will be used for the drilling
program at the Bottom Brook project scheduled to commence
shortly.
Kirrin President and CEO Derek Moran commented: "The Junior
Exploration Assistance program is just one example of the
encouragement we have received since we commenced exploration in
the Province of Newfoundland and Labrador. Its Department of
Natural Resources has been of considerable support to Kirrin,
displaying both pragmatism and commercial understanding."
Kirrin also announced that it expects the private placement
announced on October 20, 2011 to close on or about November 23,
2011.
Additional information relating to Kirrin is available on
Kirrin's web site at www.kirrinresources.com and on SEDAR at
www.sedar.com.
Kirrin is a Canadian green energy company that explores for rare
earth elements and uranium. In addition to its exploration
activities, Kirrin seeks to enhance its capitalization and the
quality of its portfolio by utilising its management's broad
industry and international experience in the identification of
suitable rare earth elements and uranium companies and green energy
assets for acquisition, merger, strategic partnership or joint
venture. Its strategy is well defined: enhancing shareholder value
by combining technical expertise, corporate development skills and
professional management. Kirrin's shares trade on the TSX Venture
Exchange under the symbol KYM.
To receive company news releases via e-mail, please advise
aman@chfir.com and specify "Kirrin News" in the subject line.
Forward-looking information: Except for statements of historical
fact, all statements in this news release including, without
limitation, future plans and objectives of the Company are
forward-looking statements which involve risks and uncertainties.
Specifically, this news release contains forward-looking statements
concerning an exploration program. There can be no assurance that
such statements will prove to be accurate; actual results and
future events could differ materially from those expressed or
implied by such forward-looking information and undue reliance
should not be placed on it. The anticipated time frame of the
planned exploration program assumes the availability of personnel
and equipment from third parties, the receipt of funds from a
financing in progress and that the Company will continue to
allocate sufficient priority to this work relative to its finite
cash resources for its overall exploration activity. In each case
the risk factors that could cause actual results to vary from
results expressed or implied by the forward-looking statements
contained in this news release are primarily events beyond Kirrin's
control. These forward-looking statements are made as of the date
hereof and except as required by applicable securities legislation,
the Company undertakes no obligation to publically update or revise
forward-looking information, whether as a result of new
information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Kirrin Resources Inc. Derek J Moran President 27 82
440 3426derek.moran@kirrinresources.com CHF Investor Relations
Robin Cook Account Manager (416)
868-1079robin@chfir.comwww.kirrinresources.com
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