|
March 12, 2009, Vancouver, BC: Lateegra Gold Corp. (the "Company") (LRG - TSX Venture) announces that further to its new release of December 3, 2008, it has amended the terms of its La Rose property acquisition. The vendors have agreed, subject to TSX Venture Exchange acceptance, that the acquisition cost will be amended to a total of $70,000 in cash payments (of which $45,000 has been paid), representing a reduction of $30,000 and the issuance of 3,000,000 common shares, representing an increase of 1,000,000 common shares within the original 12 month period. All other terms of the acquisition will remain the same.
ON BEHALF OF THE BOARD OF DIRECTORS
Christopher Verrico, President
THE TSX VENTURE EXCHANGE HAS NOT YET REVIEWED AND DOES NOT TAKE RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
Cautionary note: This report contains forward looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. The company has not filed a National Instrument 43-101 report on any property, but will do so as soon as the information is available. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions
|