Published: September 19, 2005
Tri-Valley Unit Acquires Valley Sand & Gravel Assets
On Tuesday, September 13, 2005, Tri-Western
Resources, LLC, a 50-50 joint venture operated by Select Resources
Corporation, the minerals subsidiary of publicly traded Tri-Valley
Corporation (AMEX: TIV), agreed to acquire the majority of the operational
assets and equipment of Valley Sand & Gravel, located near Trona,
California; the transaction being completed on September 19, 2005 with the
transfer of funds.
The Valley Sand & Gravel operational assets and equipment include two
gravel processing operations, including one dry and one wet (wash) plant,
mobile mining equipment, stacker / conveyer sets, diesel generators, work
offices, work-shop and other assorted equipment capable of producing 250
tons an hour.
Some of the equipment at the Trona site will be moved to Tri-Western
Resources Basalt Quarry, located near Boron, about 65 miles to the south.
The equipment to be moved includes excess stackers and conveyers, a Detroit
diesel generation set, spare electrical equipment, 3 Mid-Western Screens,
cones and storage bins, and other material handling equipment used in
sorting crushed rock. Other equipment will be moved to Tri-Western
Resources Monarch Calcium Carbonate Quarry, located approximately 50 miles
to the west.
The Company is in its 43rd year of business as a successful operating
company and for 32 years has been a full reporting 12 (g) publicly traded
Delaware Corporation. Tri-Valley Corporation stock is publicly traded on
the American Stock Exchange under the symbol "TIV" in the United States and
is also traded in Europe on the Frankfurt Stock Exchange under the symbol
"TVC WKN 911919." Our company websites, which include all SEC filings, are
www.tri-valleycorp.com and www.tri-valley.de.
This press release contains forward-looking statements that involve risks
and uncertainties. Actual results, events and performance could vary
materially from those contemplated by these forward-looking statements
which includes such words and phrases as exploratory, wildcat, prospect,
speculates, unproved, prospective, very large, expect, potential, etc.
Among the factors that could cause actual results, events and performance
to differ materially are risks and uncertainties discussed in the company's
quarterly report on Form 10-Q for the quarter ended June 30, 2005, and the
annual report on Form 10-K for the year ended December 31, 2004.
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