International Barytex Resources Ltd. is aware of comments made by a source in the DRC regarding securing financing and title to the Shituru Project. The identified source, Mr. Rene Coda, is not a spokesperson for International Barytex Resources Ltd. The comments made by Mr. Coda, including mention of a signing bonus, are incorrect and do not reflect current discussions being held with Gecamines. Given...
INTERNATIONAL BARYTEX RESOURCES LTD. announce the appointment of Mr. David Newton as Director of Operations. Mr. Newton will report directly to Mr. Alf Hills, Chief Executive Officer. Mr. Newton has had a long career as a General Manager at a number of mine operations in Asia, Europe and Africa, most recently as General Manager at Anvil Mining’s Dikulushi mine in the Democratic Republic of Congo...
INTERNATIONAL BARYTEX RESOURCES LTD. advises that in regard to the contract review process the Democratic Republic of Congo (“DRC”) is undertaking, East China Capital Holdings Ltd (“ECCH”), a subsidiary controlled by the Company, has received a proposal from Generale des Carrieres et des Mines (Gecamines) to revise the Gecamines-ECCH agreement in regard to the Shituru copper...
U.S. Energy Corp. and Crested Corp. , d/b/a USECC, today announced the signing of a Letter Agreement with Kobex Resources Ltd. (TSX Venture Exchange: KBX.V – News) whereby Kobex can acquire a 50% interest in the Companies’ Lucky Jack (formerly known as Mt. Emmons) molybdenum deposit in west-central Colorado (the “Project”). On October 6, 2006, U.S. Energy Corp. (“USEG”),...