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Article: De Beira Signs MOU for Columbia Gold Property
- Article from:
- CCNMatthews Newswire
- Article date:
- May 9, 2006
CopyrightCopyright 2006 CCNMatthews Newswire. Provided by ProQuest LLC. (Hide copyright information)
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BURNABY, BRITISH COLUMBIA--(CCNMatthews - May 9, 2006) - DE BEIRA
GOLDFIELDS INC. ("DE BEIRA" or the "Company")
(OTCBB:DBGF)(FWB:D1Q)(WKN:A0JDS0) is pleased to announce an agreement
to earn up to 70% interest in the Titiribi Gold / Copper project in
Colombia, South America. The agreement with the Goldplata Group of
companies allows De Beira to earn an initial interest of 65% by sole
funding US$8 million exploration expenditure within a 3 year period.
After earning 65%, De Beira can elect to sole fund further
expenditure in order to earn another 5% (giving it a total interest
of 70%). The additional interest will be earned upon the earlier of
completing a bankable feasibility study or ...