Vancouver, BC / ACCESSWIRE / August 14, 2014 / Sultan Minerals Inc. (TSX-V: SUL; 'the Company") reports that the Company has reached an agreement ("the Third Amending Agreement") with Altair Gold Inc. ("Altair") to further amend the Option Agreement dated December 30, 2011 between the Company and Altair granting Altair an option to earn up to a 75% interest in the Kena Project located in Southeastern British Columbia.
Pursuant to the Third Amending Agreement, the due date for the June 30, 2014 cash payment of $300,000 has been deferred to September 30, 2014, and the deadline for the 2014 work commitment of $650,000 has been extended to December 31, 2015. All other terms of the Option Agreement remain unchanged.
For further information on the Company's projects, visit www.sultanminerals.com.
Arthur G. Troup, P.Eng., Geological
President and CEO
For further information please contact:
Marc Lee, Investor and Corporate Communications
Tel: (604) 628-0519 Fax: (604) 628-0446
Email: [email protected] or [email protected]
This release was prepared by Sultan's management. Neither TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes certain statements that may be deemed "forward-looking statements." All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that Sultan expects are forward-looking statements. Although Sultan believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on Sultan, investors should review Sultan's filings that are available at www.sedar.com or Sultan's website at www.sultanminerals.com.
SOURCE: Sultan Minerals Inc.