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Duncan Park Holdings Corporation Acquires Randsburg International Gold Corp.'s Interest in the Elephant Property and Resolves Outstanding Matters Between Parties TORONTO, ONTARIO--(MARKET WIRE)--Aug 28, 2008 -- Duncan Park Holdings Corporation (CDNX:DPH.V - News) is pleased
to announce that it has completed its previously announced
acquisition of Randsburg International Gold Corp.'s interest
in the Elephant Property in Nevada. Duncan Park and Randsburg
have also settled all outstanding matters between the parties,
which had been the subject of arbitration. The Elephant Property, located in the Battle Mountain mining district, Nevada, had been the subject of a joint venture agreement between Duncan Park and Randsburg. With the acquisition of Randsburg's interest, Duncan Park holds a 100% interest in the property. Duncan Park has paid Randsburg $50,000 in cash and issued to Randsburg 2,000,000 common shares of Duncan Park in connection with the acquisition of its interest in the Elephant Property. The common shares issued to Randsburg are subject to a four-month hold period.
Contact: Contacts:
Duncan Park Holdings Corporation
Ian McAvity
Acting President & CEO
(416) 203-0860
Email: info@duncanpark.com
Website: http://www.duncanpark.com
Source: Duncan Park Holdings Corporation
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