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Big Pharma Split Corp V.PRM


Primary Symbol: T.PRM Alternate Symbol(s):  T.PRM.PR.A

The investment objectives for the Preferred shares are to provide their holders with fixed cumulative preferential quarterly cash distributions in the amount of $0.125 per Preferred share. Fund will invest in an initially equally-weighted portfolio comprised of Equity Securities of ten issuers, selected by the Portfolio Manager from the Investable Universe, that at the time of investment and immediately following each semi-annual reconstitution and rebalancing are listed on a North American exchange pay a dividend and have options in respect of its Equity Securities that, in the opinion of the Portfolio Manager, are sufficiently liquid to permit the Portfolio Manager to write options in respect of such securities.


TSX:PRM - Post by User

Post by ivanhoe2on Sep 23, 2011 3:03pm
338 Views
Post# 19077848

NEW NR!!!!!

NEW NR!!!!!
Pro Minerals Inc.: Phase Two of Exploration Complete, Cairo Gold Project
9/23/2011 12:29:20 PM - Market Wire

VANCOUVER, BRITISH COLUMBIA, Sep 23, 2011 (MARKETWIRE via COMTEX News Network) --

ProMinerals Inc. (TSX VENTURE: PRM) is pleased to announce that theCompany has completed Phase Two of exploration on its 100% owned CairoGold Project situated near Matachewan, Ontario. In this phase, a leadingedge XDS VLF-EM airborne survey was flown over 570 line kilometres. Thetechnology utilized high sensitivity and horizontal gradient magnetics.The survey was flown by Terraquest Ltd. at 100 metre intervals in twodirections (north-south and east-west) to provide detailed informationwith respect to certain geological structures located on the claims.

Initialresults indicate a number of high priority anomalies which the Companyanticipates will correspond with available geological data. All resultsfrom the survey are now being carefully interpreted and will form thebasis for an exploration program planned on the property.

Further,Pro Minerals has staked an additional four claims totaling 736 hectares(1,818 acres) claims represented the "Whiskyjack" zone.

ProMinerals' Cairo Gold Project is located approximately 46 kilometres westof Kirkland Lake, and and now totals an area of 2,450 hectares (6,128acres). The Cairo Project is ideally situated just 5 kilometresnortheast of the Young Davidson Mine, which was recently opened byNorthgate Minerals Corporation. The Young Davidson currently has the 6thlargest gold reserve in Canada, with 2.8 Million ounces of gold. TheCairo Gold Project and Young Davidson mine are both situated in thesouthwestern section of the Abitibi Greenstone Belt. The Abitibi is oneof the largest greenstone belts in the world and host to 160 Millionounces of gold from both historic and present production. The Cairo GoldProject is easily accessible and close to infrastructure includingrail, roads, water, power and labor force. Updated maps are availableupon request or viewable at www.promineralsinc.com.

This pressrelease has been reviewed by Dr. Christian Derosier, P. Geo., ConsultingGeologist and Qualified Person for the Cairo Gold Project underNational Instrument 43-101.

Additional information is contained on the Company's website at www.promineralsinc.com.

ON BEHALF OF THE BOARD OF DIRECTORS OF PRO MINERALS INC.

Patrick D. O'Brien, President

NeitherTSX Venture Exchange nor its Regulation Services Provider (as that termis defined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.

Contacts: Pro Minerals Inc. Adrian Bakker 604-608-6168 or Toll Free:1-877-663-6168 604-683-8903 (FAX) info@promineralsinc.comwww.promineralsinc.com

SOURCE: Pro Minerals Inc.

mailto:info@promineralsinc.com https://www.promineralsinc.com

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