AGORACOM News Flash

AGORACOM Wire - Wednesday February 15th, 2012

Breaking News ....

Lomiko (LMR: TSX-V) to Complete 43-101 Report on Previous Drilling at the Quatre Milles Graphite Property *CLIENT* Read More

Top Sector Stories ....

Strike Graphite Corp. (TSXV:SRK) Acquires Wagon Graphite Project in Quebec in Vicinity of Timcal's Lac des Iles Graphite Mine *CLIENT* Read More | Profile

Strike Graphite goes "Beyond the Press Release"

McLaren Resources (CNSX:MCL) Drills 7.0 Grams Gold Over 7.4 Metres at the TimGinn Property Located Adjacent to the Hollinger Mine *CLIENT* Read More | Watch Beyond the Press Release

DONNER METALS INTERVIEW: David Patterson Discusses the Bracemac-McLeod Mine Development Beyond the Press Release

AGORACOM Launches GraphiteStocksBlog.com

We're proud to announce the launch of GraphiteStocksBlog.com a website dedicated to the needs of investors and companies in the fast growing Graphite industry.

INAUGURAL GRAPHITE SPONSORS

Message: Comments on Sterling's News Release

Reply New Message

« Prev Message Back To Forum Go to Threaded View Next Message »

Clavis

Rank: [?]

President

Points: [?]

23899

Rating: [?]

Votes: 219 Score: 3.5

Currently 3.6/5 Stars.

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

Comments on Sterling's News Release

posted on Feb 24, 09 07:57AM

February 24, 2009

Minco Silver Comments on Sterling's News Release

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 24, 2009) - Minco Silver Corporation (the "Company" or "Minco Silver") (TSX:MSV) wishes to restate that Minco Silver has a secured interest in all of the personal and real property of Sterling Mining Company ("Sterling") including the Sunshine Mine Lease.

As a secured creditor, Sterling is obligated to notify Minco Silver and obtain Minco Silver's consent to sell, transfer or dispose of any of Sterling's personal or real property including the Sunshine Mine Lease. Sterling has not notified Minco Silver of its intention as set out in Sterling's news release of February 23, 2009 nor has Minco Silver provided consent.

The Company was granted on February 18, 2009 a Temporary Restraining Order restraining Sterling, its officers, directors, agents, and employees from removing, selling, destroying, disposing of, or concealing collateral that Minco Silver has a secured interest consisting of all of Sterling's real and personal property assets including the Sunshine Mine Lease as announced in Minco Silver's news release of February 23, 2009.

Minco Silver wishes to clarify and respond to Sterling's February 23, 2009 news release, in order to protect the value of the Sunshine Mine for the creditors and Sterling's shareholders, Minco Silver has offered on several occasions to step in and cure any potential defaults and to maintain the Sunshine Mine Lease in good standing including any applicable lease payments and to maintain a care and maintenance program. This offer by Minco Silver is still in effect.

About Minco Silver

Minco Silver Corporation (TSX:MSV) is a TSX listed company focusing on the acquisition and development of silver dominant projects. The Company owns 90% interest in the world class Fuwan Silver Deposit, situated along the northeast margin of the highly prospective Fuwan Silver Belt. For more information on Minco Silver, please visit the website at www.mincosilver.ca.

ON BEHALF OF THE BOARD

Dr. Ken Z. Cai, Chairman & CEO

Reply New Message

« Prev Message Back To Forum Go to Threaded View Next Message »