CARSON CITY, NV — (Marketwire) — 10/14/11 — Siga Resources Inc (OTCBB: SGAE) is pleased to announce that on Oct 14, 2011, a Letter of intent was signed with N. G. Vega Company and Associates on a group of Mexican precious and base metals concessions located in Chihuahua, Mexico.
The agreement provides Siga a 90 day exclusivity for due diligence and a first right of refusal on the six concession groups covered by the agreement. Siga Resources ultimate participation in any of the properties will be governed by final formal agreements as appropriate and mutually negotiated and agreed.
Siga intends to proceed immediately with due diligence on the package. Ed Morrow, President of Siga Resources, said, „This property group provides Siga access to a good cross section of metals targets, and is consistent with the business plan and geographical interest Siga-s Board established at inception.“
, founded in 2007, is based in South Lake Tahoe, California. Siga is a mineral resource exploration and development company. Siga-s strategy targets properties that have the potential for near term production and early positive cash flow. Siga-s primary geographical interest is North and South America.
Siga continues to seek and review projects meeting the goals of the business plan, and which offer similar short time to positive revenue as the Lucky Thirteen Placer does.
Forward-Looking Statements You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as „could,“ „will,“ „anticipates,“ „believes,“ „plans,“ „goal,“ „expects,“ „future,“ „intends,“ and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release.
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