MORRO BAY RESOURCES LTD V.MRB

Option Extended to Today?

[Sophia123]

Lotz of 13th hour negotiationz to try and keep Penoles option alive.  Poor poor Morro Bay Resouces.  They cant be in a good bargainin position with 2.5 cents sharez and NO CASH and ZERO invester interist in the company and ZERO ownership of Penoles and stuff.  

Jugding by the last 2 press releases we wont hear what happened with the Penoles agreement with Riverside till its to late.  

Thingz are NOT lookin to good for Morro Bay Resouces I think huh???  Holdin on by their fingernailz. Ewe!!!

Have the BEST day EVERYONE!!!!  YEAH!!!!  ^_^

Morro Bay Receives Extension to
Exercise Option on Peñoles Project

V.MRB | 4 days ago

 

 

Morro Bay Receives Extension to Exercise Option on Peñoles Project

Calgary, Alberta (FSCwire) - Further to the News Release dated January 2, 2015, Morro Bay Resources Ltd. (“Morro Bay” or the “Company”) (TSX-V: MRB) announces the option on the Peñoles Project under the Option Agreement between Morr‎o Bay and Riverside Resources Ltd. ("Riverside") has been further extended  to January 16, 2015.

John Zang, CEO of Morro Bay stated "we are pleased with the progress of our discussions with Riverside to date and are hopeful to be able to announce revised terms for the exercise of the option in the very near future.”

About Morro Bay

 

Morro Bay is a junior mineral exploration company based in Calgary, Alberta, Canada, focused on the exploration for precious metals in Mexico. Morro Bay's business strategy is to build shareholder value by rapidly advancing the Peñoles Project in Mexico through the resource delineation stage. 

Read more at https://www.stockhouse.com/news/press-releases/2015/01/12/morro-bay-receives-extension-to-exercise-option-on-pe%C3%B1oles-project#drOxWc0KXhTpRFv8.99

This wuz in ANOTHER press release extending the Penoles option a couple dayz

The extension has been granted by Riverside so that new terms can be negotiated. Under the current agreement the Company needed to make cash payments to Riverside in the amount of $100,000 and USD$1,250,000 on or before December 31, 2014; and make an additional payment of $750,000 also before December 31, 2014 payable in either cash or Morro Bay shares to acquire a 51% interest.
Read more at https://www.stockhouse.com/news/press-releases/2015/01/02/morro-bay-receives-extension-to-exercise-option-on-pe%C3%B1oles-project#msvXvtoMrxo0oYFC.99