Stocks & Investing
Stocks and Investing
Stocks and Investing
Thu, July 23, 2009
Wed, July 22, 2009 Quri Resources, Inc.: Produelec S.A. Forgives $550,000 Debt of Quri Resources, Inc.
QUITO, ECUADOR--(Marketwire - July 22, 2009) - Quri Resources, Inc. (
In August 2008, Quri Resources, Inc. entered into an agreement with Produelec S.A. to manage and develop its properties in Ecuador. Under this agreement, Quri Resources, Inc. was indebted to Produelec S.A. in the amount of $550,000, to date.
Today, Jaime Gomez, CEO and President of Quri Resources, Inc., announced that he had negotiated a settlement with Produelec, whereby Produelec will waive Quri's debt in exchange for 5% stake in Quri Resources, Inc.
Mr. Gomez stated, "We have a great working relationship with Produelec and coming to this agreement takes a huge financial burden off our shoulders. This will allow us to move forward at a faster pace."
For more information contact [ info@quriresources.com ]
Quri Resources is U.S.-based junior mining company committed to the exploration, discovery and development of gold, silver, copper and other minerals. Quri Resources, Inc. holds mining rights and mineral concessions in Ecuador and the United States. These properties are in different stages of exploration and development. Quri Resources was founded by professionals with unmatched expertise in business and the mining industry in South America and North America. Quri Resources is committed to exploring responsibly, maintaining environmentally friendly policies while impacting the local economy in an exponentially positive manner that will allow our shareholders to take pride in their investment.
For more information about us, please visit our web site [ www.quriresources.com ]
Some of the statements contained herein may be forward-looking statements, which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward-looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward-looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital.
