Press ReleaseSource: Duncan Park Holdings Corporation

Duncan Park Holdings Corporation Acquires Randsburg International Gold Corp.'s Interest in the Elephant Property and Resolves Outstanding Matters Between Parties
Thursday August 28, 2008 12:15 pm ET

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.



The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.


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


Mail to Friend Email Story
Alerts Set News Alert
Printer
Version  Print Story 


Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
Copyright © 2009 Marketwire. All rights reserved. All the news releases provided by Marketwire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.