Published:
Irwin Energy Acquires Brimstone Mining Inc.
Irwin Energy Inc. (PINKSHEETS: IWNE)
announced today that it has closed its acquisition of Brimstone Mining Inc.
Under the terms of the agreement, Irwin acquired 100% of the issued and
outstanding capital stock of Brimstone Mining Inc., for a total of
$2,000,000 in cash and stock. Through this acquisition, Irwin Energy now
has a 100% interest in the Mayflower Mine in Southwestern Montana.
About the Mayflower Mine
The Mayflower Mine Project in Southwestern Montana is an exploration
project with significant potential for new discoveries. The Mayflower
Mine's 1995 drilling program identified a block of minable reserves
containing 20,771 ounces of gold and 138,205 ounces of silver, as well as
two zones that hold potential for new discoveries that could lead to
additional minable reserves. The mining of the identified reserves will pay
for the cost of exploring some other target zones in the area.
About Irwin Energy
Irwin Energy is a junior oil and gas and resource company based in
Vancouver, B.C. Founded for the purpose of engaging in the exploration,
acquisition, development and production of crude oil and natural gas, and
related activities. Recent acquisitions include gold and silver properties
and other resource opportunities. Irwin Energy seeks out low-risk
opportunities to develop positive cash flow from proven and probable oil
and gas plays. Irwin Energy plans to grow exclusively through efficient
reinvestment of its internally generated cash flow in exploration and
production operations, and through limited external financing to build
ancillary businesses.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of
1995: Except for historical information contained herein, the matters
discussed in this press release are forward-looking statements that involve
risks and uncertainties including, but not limited to, economic,
competitive, governmental and technological factors affecting the company's
operations, markets, products and prices and other factors discussed in the
company's various filings with the Securities and Exchange Commission.
Copyright © 2008, MarketWire
Copyright © 2008, NewsBlaze,
Daily News
Tags: ,Manufacturing and Production:MiningandMetals, ,INTHPINK,INTHPINK,BC,VANCOUVER, BC
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