Aurwest Resources Corporation press release
Shamrock Enterprises Amends Fireweed Property Agreement
CSE - Canadian National Stock Exchange · Copper · Gold · Silver · Molybdenum · Canada
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(via Thenewswire.ca)
Vancouver, BC / TheNewswire / February 18, 2015 / Shamrock Enterprises Inc.(CSE: SRS) (the "Company") is pleased to announce that it has successfully negotiated an additional extension to its property option agreement with Regulus Resources Inc. in regard to the Fireweed property located in the Omineca Mining Division, Babine Lake Area, Smithers, B.C.
The Company and Regulus have agreed to extend the cash payment and minimum work expenditure commitments due February 17, 2015 to August 17, 2015 in order to enable to the parties to work towards amending the terms of the original Fireweed Letter of Understanding dated February 17, 2010, which will be reflective of current market conditions. The remaining commitments for the Fireweed Project as set out in the Letter of Understanding as amended January 18, 2013 and November 25, 2013 remain. Regulus has agreed that no further remuneration is required at this time.
In addition, over the last several months Shamrock has reviewed and investigated several potential business opportunities in agriculture, medical, medical marijuana, biotechnology, technology and/or resource sectors buthas decided to concentrate its efforts solely in the resource sector and more specifically at this time, the Fireweed Project near Smithers, B.C.
About Shamrock: Shamrock Enterprises Inc. is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of silver and other precious metal properties in North America. The Company's common shares are listed and posted for trading on the Canadian Securities Exchange ("CSE") under the symbol "SRS".
On behalf of the Board,
"Bob Faris"
CEO
For further information, please contact:
Shamrock Enterprises Inc.
Bob Faris, Chief Executive Officer
Phone: (604) 880-2121
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