RNRG 0086 Small Due Diligence Sheet ~ Revonergy
is an enterprising company comprising of individuals that have proven entrepreneurial talent, financial skills and technical know how. The company seeks to develop or acquire businesses or assets which it considers attractive to the investment community. Management has been involved (as principals as well as directors) in a broad array of businesses in many countries, and has an ability to find good projects, evaluate them, and find investors and financiers who would be willing to either invest or otherwise support the Company’s management financially.
Check Level 2 Here: http://www.otcmarkets.com/stock/RNRG/quote Contact Information:
17 Hanover Square
London, W1S 1HU
Tel: +44 2079 935 700
Fax: +44 2079 006 747
E-mail:email@example.com http://www.revonergy.com/ Share Structure:
Common stock: 500,000,000
Preferred stock: 50,000,000
Issued and Outstanding: 58,383,333
Float: 23,383,333 Source: Schedule 14C http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7416875 Readl All Press Releases Here: http://www.revonergy.com/News/News-Archive.html Perth Project:
In March 2011, Revonergy acquired a 50% earn in right from Red Metal Resources (OTC:BB RMES) for the Perth Property and signed a Joint Venture Earn-In Agreement on the new project.
The Perth Property is 2,283 hectares (5,641 acres) consisting of six mining claims totaling 918 hectares (2,268 acres) and six exploration claims totaling 1,365 hectares (3,373 acres). The terms of Joint Venture Earn-In Agreement with Red Metal Resources Ltd is to sell up to 50% ownership of the Perth Property to Revonergy Inc in exchange for the completion of exploration programs costing at least $1.415 millionand a preliminary feasibility study. Perth Property Highlight:
The Perth Property overlies the contact between Paleozoic metamorphic sediments and a Cretaceous tonalitic batholith. A swarm of north northeast trending fault related copper gold bearing quartz veins crosscuts the property. Surface mapping and sampling records show twelve veins identified so far on the south end of the property. The veins average two metres wide but have been measured up to six metres wide. Numerous artisanal mine workings on the property have previously been exploited for both copper and gold. Exploration work so far includes property scale geological mapping and surface sampling completed in 2007 and 2008. Significant channel sampling results are listed below. Perth Property Potential:
The Perth Property geology closely resembles Red Metal's Farellon project and, in management's opinion, has the potential to host a large-scale, bulk-mineable gold deposit.