Huldra Silver Inc. Announces Land Acquistion and Exploration and Development Update
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Feb. 18, 2011) – Huldra Silver Inc. (TSX VENTURE:HDA) (the “Company” or “Huldra”) is gratified to make known which it has entered in to a decisive Purchase and Sale Agreement antiquated Feb 17, 2011 (the “Agreement”) to take 4 district lots consisting of 70.7 hectares of land located at Treasure Mountain for $350,000 from The Gak Holdings Inc. (the “Transaction”). Huldra now binds the underneath aspect vegetable rights to these properties as partial of the 7,000 hactare Treasure Mountain Mine property. These aspect rights give Huldra easy entrance to areas of the skill which have had singular scrutiny in new years as good as an glorious place for cave and stay infrastructure.
Pursuant to the conditions of the Agreement, the $350,000 squeeze cost is on credit by a money remuneration of $180,000 ($20,000 of which was paid as an primary deposition following the execution by both parties of a Letter of Intent antiquated Jan 20, 2011), and the distribution of such series of usual shares in the collateral batch of Huldra (“Share”) as is next to to $150,000 widely separated by the volume weighted normal cost of the Shares on the TSX Venture Exchange (the “Exchange”) in the fifteen (15) trade days preceding the shutting of the Transaction. The shutting of the Transaction is theme to the capitulation of the Exchange.
EXPLORATION AND DEVELOPMENT UPDATE
Huldra is now operative on the Small Mines Permit for acquiescence to the Chief Inspector of Mines, which it expects to finish in March, 2011. Full sum of the focus will be accessible once the focus has been submitted. The Company will afterwards emanate a press recover with minute scrutiny skeleton for the residue of the year.
On interest of the Board of Directors
Ryan Sharp, MBA, President, CEO & Director
Disclaimer for Forward-Looking Information
Certain statements in this recover have been forward-looking statements, which simulate the expectations of government per the Company’s altogether commercial operation growth objectives and plans. Forward-looking statements embody of statements which have been not quite historical, together with any statements per beliefs, plans, expectations or intentions per the future, and embody contention of the Company’s programmed Small Mines Permit focus and the expectancy to contention the focus by Mar 2011. Such statements have been theme to risks and uncertainties which might means tangible results, opening or developments to talk about materially from those contained in the statements. No declaration can be since which any of the events expected by the forward-looking statements will start or, if they do occur, what benefits the Company will acquire from them. These forward-looking statements simulate management’s stream views and have been formed on sure expectations, estimates and assumptions which might infer to be incorrect. A series of risks and uncertainties could means the Company’s tangible formula to talk about materially from those voiced or pragmatic by the forward-looking statements, including: (1) the feeling of any events which forestall the Company from being means to contention the Small Mines Permit focus in Mar 2011, and (2) alternative factors over the Company’s control. These forward-looking statements have been done as of the date of this headlines recover and the Company assumes no requisite to refurbish these forward-looking statements, or to refurbish the reasons because tangible formula differed from those projected in the forward-looking statements, solely in suitability with germane bonds laws. Additional report about the Company and these and alternative assumptions, risks and uncertainties is accessible in the Company’s open filings with Canadian bonds regulators, accessible on SEDAR at www.sedar.com.
Neither the TSX Venture Exchange nor the Regulation Services Provider (as which tenure is tangible in the policies of the TSX Venture Exchange) accepts shortcoming for the endowment or correctness of this headlines release.
