| | Mon Dec 21, 2009
APM Entered into Agreement with C&C Mining and Land Company | |
| December 21, 2009 -- Halifax, Nova Scotia - Advanced Primary Minerals Corporation (the "Corporation" or "APM")) (TSXV: APD) announced that effective December 18, 2009 it entered into an agreement (the "Agreement") with C&C Mining and Land Company ("C&C") whereby in consideration of US$40,000 and 1,400,000 pre-consolidation shares of the Corporation (200,000 post-consolidation shares of the Corporation), the Corporation (formerly Beta Minerals Inc.) will be released from all of its obligations in connection with a purchase option and exploration right agreement (the "Original Agreement") entered into on August 26, 2003 between Beta Minerals Inc. and C&C, including its obligation to maintain in good standing the claims governed by the Original Agreement. The Original Agreement related to certain mineral claims covering property located in the Delamar Mining District of Southeast Nevada, USA. The Agreement is expected to close on January 15, 2010.
About APM
APM, through its wholly owned subsidiary, Erdene Materials Corp., operates a newly constructed kaolin processing plant in Dearing, Georgia and has been active in Georgia and South Carolina for over 10 years exploring for, evaluating, extensively testing and securing high quality primary kaolin resources. APM has also operated an industrial minerals laboratory in Eatonton, Georgia since 1998. The Corporation is targeting value added products that benefit from the unique attributes of its high quality, primary kaolin resource. Target markets include ceramics, paint and coatings, catalysts and other specialty industrial applications. APM has 16,809,626 shares issued and outstanding and a fully diluted share position of 17,352,483.
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For more information, please contact:
Ken W. MacDonald, President and CEO, Advanced Primary Minerals Corporation
Phone: (902) 466-7255
For additional information visit APM's website at www.advminerals.com or contact the company via email at info@advminerals.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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| | You can view the Next News Releases item: Mon Feb 1, 2010, Advanced Primary Minerals Announces Appointment of Michael J. Brezina as Director of Marketing and Technical Support and Closing of Agreement with C&C Mining and Land Company
You can view the Previous News Releases item: Wed Dec 16, 2009, APM Announces Revised Trading Date for Consolidated Shares
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