Rockgate reports intention to make an offer for Delta Exploration
Wed, Oct 15, 2008
Rockgate Capital Corp. reports it intends to make an offer to acquire all outstanding shares of Delta Exploration Inc.
Delta’s core asset is its ownership of 40% of the Falea uranium, silver, copper project in Mali, West Africa. This acquisition will consolidate the ownership of Falea 100% into Rockgate’s hands.
Karl Kottmeier, Rockgate’s President and CEO says:
”I believe that this combination can deliver value to both Delta and Rockgate shareholders. Our uranium silver asset at Falea is growing rapidly. By combining our resources we believe we can provide shareholders with superior economies of scale and focus our efforts on developing Falea into the uranium silver deposit we believe it is.” “Delta shareholders will receive a premium offer for their common shares. Rockgate brings a dedicated management team with a track record of successful exploration and development and we believe it possesses the financial and technical strength to ensure the ongoing development of the Falea project.”
For full details of this press release, click this link. To view Delta Exploration’s company profile, click here. To view Rockgate’s previous press releases, click here. Follow developments in gold mining and exploration for free. Sign on to the Gold Investing Newsletter.
Tags: common shares, copper project, Delta Exploration, Delta Exploration Inc., Falea uranium, Rockgate Capital, Rockgate Capital Corp., silver, uranium, uranium commodity, uranium price, uranium silver asset, uranium silver deposit, uranium spot price
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