Sultan Minerals Announces Results of Special Meetingadmin
Vancouver, BC – December 17, 2013: Sultan Minerals Inc. (TSX-V: SUL; "Sultan" "the Company") is pleased to announce the results of the Special Meeting held on December 16, 2013 in Vancouver, B.C. At the Special Meeting, the shareholders of Sultan approved the disposition by the Company of mineral claims and crown grants (the Jersey Emerald Property) covering approximately 15,000 hectares in the Nelson Mining Division of British Columbia pursuant to an option agreement with Margaux Resources Ltd. ("Margaux"). (Please see news release of November 11, 2013 for terms and conditions).
Sultan previously obtained conditional approval from the TSX Venture Exchange subject to shareholder approval. The transaction is currently pending TSX Venture Exchange Approval for Margaux and Margaux obtaining their shareholder approval.
The disposition of the Jersey Emerald Property will provide funding for the Company with no share dilution and allow the Company to focus its exploration efforts entirely on its gold properties. Through the NSR royalty, Sultan shareholders will still benefit from the development of the Jersey Emerald Property.
Arthur G. Troup, P.Eng., Geological
President and CEO
For further information on Sultan’s projects, visit www.sultanminerals.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Posted: December 17th, 2013 under ACCESSWIRE.