GMG.V News Release
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Gulfside still negotating coal property acquisition
2008-07-07 11:35 ET - News Release
Mr. Robert Card reports
ERDENETSOGT ACQUISTION UPDATE
Gulfside Minerals Ltd. is continuing negotiations for the acquisitionof the Erdenetsogt coal property and remains hopeful they will concludeshortly. Once the negotiations have concluded and the final acquisitionagreement is signed, the required documentation will be forwarded tothe TSX Venture Exchange ("TSXV") for approval of the acquisition. Onceapproval of the TSX has been received tThe Company will issue acomprehensive news release outlining the details of the acquisitiononce regulatory approval has been received.
The Company had also requested Norwest Corporation ("Norwest"),of Salt Lake City, Utah to will finalize the NI 43 - 101 report on theErdenetsogt coal property. Norwest has addressed the deficiencies outlined by the British Columbia Securities Commission ("BCSC") and buttthe final submission to the BCSC will only be made upon signing of thefinal acquisition contract agreement. The Company will file the NI43-101 will be filed on SEDAR once the BCSC has no objection toacceptedthe filing and the TSXV has approved the acquisition of the Erdenetsogtcoal property.
The Company would also like to report that it continues to do exploration work on its other mineral properties in Mongolia.
We seek Safe Harbor.