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Blue Zen Signs Amending Agreement Extending Due Diligence Period

Blue Zen Signs Amending Agreement Extending Due Diligence Period



Montréal, Canada (FSCwire) - Blue Zen Memorial Parks Inc. ("Blue Zen" or “the Company" or “BZM”) (CSE: BZM), today announced that it has signed an Amending Agreement (“Agreement”) with Anfield Resources Inc. (“Anfield”) with respect to extending the date the Purchase Agreement becomes operative from May 15th  to no later than August 15, 2014.  This extension provides the Company with additional time to complete the due diligence.

 

The signing of the Purchase Agreement, whereby Blue Zen would purchase an interest in the Binghampton Copper Queen Property (“Property”) located in the state of Arizona, USA, was announced in a press release on February 13, 2014. This pending transaction is consistent with the Company’s continued efforts to acquire and integrate select copper mining properties and related businesses within the Americas and internationally, in partnership with its principal shareholder Jiangsu Tiandilong Land Resource Technology Co. Ltd.

 

 

About Binghampton Copper Queen Property

The Binghampton Copper Queen (BCQ) property is a volcanogenic massive sulfide (“VMS”) project covering 7.8 square miles and consisting of patented and unpatented claims and state lands. It lies in the western Arizona Volcanogenic Massive Sulfide Belt (“VMS Belt”) about 17 miles southeast of Prescott, Arizona. 

 

The Arizona VMS Belt contains 70 known deposits including 48 past and present producers. According to the Arizona Geological Survey, combined production is 55.8 million tons grading 3.6% copper, 0.2% lead and 0.9% zinc. Four of the deposits produced in excess of 1 million tons with the largest, the United Verde of Jerome, producing 33.5 million tons at 4.36% copper.

 

Elevation of the Property is considered ideal ranging from 1,220 meters at the bottom of the creek valley to 1,450 meters at the peak.   The Property is very close to fuel and equipment supplies and its infrastructure is considered excellent as compared to other copper producing regions around the world. 

 

About Anfield Resources Inc.

Anfield is a publicly-traded corporation listed on the TSX-Venture Exchange (ARY-V) and is engaged in mineral exploration, development and production in the United States and Chile. Its focus is on acquiring and developing an array of strategic mineral projects, including further developing its nascent copper production operation in Chile and its uranium assets in Utah and Arizona, and its longer-term focus on the development of its Arizona-based copper properties. To find out more about Anfield, visit its website at www.anfieldresources.com.

 

About Blue Zen

Blue Zen Memorial Parks Inc., a publicly traded corporation listed on the Canadian Securities Exchange (CSE:BZM), recently expanded its strategic focus to include mining development and mineral exploration, with the ultimate aim of acquiring and integrating mining assets. The Company currently has 36,401,420 issued and outstanding common shares.

 

Safe Harbor Statement

This news release contains statements that constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable securities legislation.  This forward-looking information is subject to numerous risks and uncertainties, certain of which are beyond the control of Blue Zen Memorial Parks Inc.  Actual results or achievements may differ materially from those expressed in, or implied by, this forward-looking information.  No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits that Blue Zen will derive therefrom.   Forward-looking information is based on the estimates and opinions of Blue Zen's management at the time the information is released and Blue Zen does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. 

 

 

For more information contact:

Robert Lupacchino

CFO

rlupacchino@stratacon.net



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/BlueZenMay272014.pdf

Source: Blue Zen Memorial Parks Inc. (CSE:BZM)

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