Van Gold Resources Acquires Contingent Asset Rights in West Papua
West Papua, formerly Dutch New Guinea, is currently under Indonesia occupation. The Company has obtained an assignment of future mineral and hydrocarbon negotiation rights to West Papua from a stakeholder who entered into an agreement in 2014 with local groups seeking independence. West Papua is home to the world’s largest gold mine at Grasberg and is subject to a long standing dispute with indigenous peoples seeking independence from Indonesia.
Van Gold Resources also has obtained negotiation and future contingent rights to oil, mineral, forestry and agriculture concession in the emerging nations of Cabinda, Biafra and Southern Cameroons (Ambazonia). Biafra and the adjoining Niger Delta have recently been in the headlines as self-determination movements attempt to assert control over this resource rich region in West Africa.
The Company also announces that CEO Clement Chigbo has stepped down from the board and will be succeeded by director Lucas Ayaba as CEO. Duncan Macdonald, an experienced legal expert in mineral claims will join the board.
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "will" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Corporation. The forward-looking information contained in this release is made as of the date hereof and the Corporation is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein. U.S. GAAP, ASC 450-20 defines a contingency as an "existing condition, situation, or set of circumstances involving uncertainty as to possible gain (gain contingency) or loss (loss contingency) to an entity that will ultimately be resolved when one or more future events occur or fail to occur."
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Van Gold Resources, Inc.