RE: CMR10 Apr 2009 10:45
All, please read the below this is great news.
http://www.investegate.co.uk/Article.aspx?id=20090409182449M2905
9 April 2009
Cambridge Mineral Resources plc ('CMR' or 'the Company')
Letter of Intent regarding sale of Spanish Subsidiary
Cambridge Mineral Resources plc, the mining exploration and production company, announces that it has entered a
formal letter of intent in relation to the sale of its wholly-owned Spanish subsidiary, Recursos Metalicos SL
('Recursos'). The buyer will be Direct Response Media Inc. of Nevada, USA. The consideration for the transaction
will be US$19,000,000 in a combination of shares and cash. By way of illustration, this equates to in excess of
£0.035p per share for CMR.
Recursos holds the Lomero-Poyatos mine and the Masa Valverde exploration permits.
The sale is subject to all normal reservations and preconditions including due diligence on the part of Direct
Response Media.
The Company will announce further details in due course.
It shows CMR are working hard in the back ground, and now is worth 0.035p just only with the selling of the Spanish mine.
We shares holders need to continue being strong and must keep on supporting the directors of CMR, Colombia has amazing assets BC will try there best to scare us and disappoint us, we want CMR not BC.