Oct 03, 2013
Vancouver, BC - October 3, 2013. Further to its news release of September 11, 2013, Reva Resources Corp. (TSXV: RVA) (the "Company") is pleased to announce that the transactions detailed in that news release have closed. As a result, the Company has acquired a 50% interest in the Mineral Hill gold-silver property located in southwestern British Columbia from Remington Resources Inc. ("Remington") (TSXV: REM) in consideration of a $250,000 payment to Remington. The Company has also sold its 100% interest in the Chu Chua massive sulphide deposit located near Barriere, British Columbia to Newport Exploration Ltd. ("Newport") (TSXV: NWX) for proceeds of $1,500,000 and 5,436,000 common shares of Newport. The shares are subject to a four month hold period expiring February 4, 2014.
In connection with the transactions, the Company has filed two technical reports on SEDAR (www.sedar.com), one dated September 25, 2013 and entitled "Technical Report on the Chu Chua Property, British Columbia, Canada" as prepared by Apex Geosciences Ltd., and one dated September 13, 2013 and entitled "Independent Geological Report for Reva Resources Corp. and Remington Resources Inc. of the Mineral Hill Property located in B.C., Canada" as prepared by Andrew W. Gourlay, P.Geo., F.G.A.C.
For further information respecting Reva, please contact:
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.
You can view the Next News Releases item: Fri May 2, 2014, News Release
You can view the Previous News Releases item: Wed Sep 11, 2013, News Release
You can return to the main News Releases page, or press the Back button on your browser.