Jun 27, 2014
Barisan Gold Completes Sale Of Collins Prospect
VANCOUVER, B.C. -- June 27, 2014 -- Barisan Gold Corporation (TSXV-BG) is pleased to announce that it has completed the sale of the Collins prospect as initially announced on March 4, 2013.
Barisan Gold has received a cheque for 7,289,517,168 Indonesian rupiah (equivalent to approximately $650,000 Canadian dollars) from the purchaser. An initial 1,000,000,000 Indonesian rupiah deposit had been held in escrow since March 2013. That amount has now also been released from escrow. The cheque is expected to be deposited in the Company's bank account over the next few days following the completion of the final clerical steps.
The proceeds from the sale will be applied to advance exploration and drilling at the Company's Upper Tengkereng gold- copper porphyry discovery.
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.
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FOR FURTHER INFORMATION, visit the Company's website at www.barisangold.com, or contact:
Steven Feldman, Manager Investor Relations Vancouver T: +1 604 684 8676 E: email@example.com
About Barisan Gold Corporation
Barisan Gold (BG-TSXV) is a Canadian-based minerals exploration company listed on the TSX Venture Exchange under the symbol "BG". The Company is engaged in the exploration, acquisition and development of mineral properties in Indonesia. Barisan Gold currently owns and operates two gold and gold-copper properties in Indonesia's Aceh Province on the northern tip of Sumatra Island, namely the Barisan gold-copper porphyry belt and the Abong epithermal gold project. Barisan Gold currently has 40,721,186 shares outstanding.
You can view the Next News Releases item: Wed Jul 2, 2014, Barisan Gold Announces Non-Brokered Private Placement
You can view the Previous News Releases item: Mon Jun 23, 2014, Barisan Gold Intersects 104 Metres Of 1.0% Copper + 0.7g/T Gold (1.4% Copper Equivalent) Within 212 Metres 0.8% Copper + 0.6g/T Gold (1.1% Copper Equivalent)
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