Welcome To The Euro-Net Investments Limited HUB On AGORACOM

Edit this title from the Fast Facts Section

Free
Message: September 22 News release

September 22 News release

posted on Oct 01, 2008 10:14AM


Here is the text of the delayed release from Sedar. The Philippine mine is gone and the salvage business is front and centre now. It is not likely the SP will open as high as previously anticipated. We could list as early as late October, but as always - don't hold your breath! ;)



For futher details, please contact Hakim Usman. His contact info is at the bottom of the release text.



E8



EURO-NET INVESTMENTS LTD. ANNOUNCES
LOAN AGREEMENT AND RELOCATION
OF CANADIAN OFFICE


Toronto, Canada, September 15, 2008 -- Hakim Usman, President and Chairman of Euro-Net
Investments Ltd. (formerly YAH of the TSX Venture Exchange) is pleased to announce the company has entered into a loan agreement with Canadian Copper Core, the proceeds of which the company will use to relist the company on the TSX-V and then to list on the London Stock Exchange as well as carrying out the due diligence. Said loan is at a rate of 12% interest and both principal and interest can be converted into shares of Euro-Net at 10 cents a share. In addition, Canadian Copper Core will be charging a management fee equal to 3% monthly on any unpaid balance. The line of credit is for $1,200,000 and its use is subject to unanimous board approval. The loan agreement is valid for two years and cannot be extended.


In light of the favourable due diligence which commenced on June 21, 2008, the company has already severed ties to the Philippine mining situation as the commodity salvage operation is a stand alone business. Consulting agreements with the world's #1 archive researcher and the actual salvage operator are near completion.


The Canadian office of the company has been relocated to 1 First Canadian Place, 100 King
Street West, Suite 5700, Toronto, Ontario, M5X 1G5


For additional information:
Contact: Mr. Hakim Usman, Chairman
Tel: (416) 544-3442
E-mail: [email protected]


This press release contains certain “forward-looking statements” that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.


1 First Canadian Place, 100 King Street West, Suite 5700, Toronto, Ontario, M5X 1G5
Tel: 416-544-3442 E-mail: [email protected]
€URO-NET INVESTMENTS LTD.

Share
New Message
Please login to post a reply