~DKGR Drake Gold Resources Inc. provides a copy of the Division Order for the Myers lease Drake Gold Resources is pleased to provide a copy of the Division Order for the sale of all the oil that it produces on the Myers lease. As can be seen, Drake will be receiving 3/4 of all the proceeds from the sale of oil produced. This will increase to 7/8 after three years as the former lease owner will no longer have a claim to the proceeds of the oil produced from existing wells but will have an interest in any new wells drilled.
This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact: Drake Gold Resources Inc. Peter Matousek 424-258-0167
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