MLA .. im out
it looks like the search for a project is dragging.. i sold my position today
will re asses lower
Mala Noche disbands advisory committee
Mala Noche Resources Corp (C:MLA)
Shares Issued 59,973,283
Last Close 4/16/2010 $0.22
Monday April 19 2010 – News Release
Mr. Wade Nesmith reports
MALA NOCHE RESOURCES CORP. ANNOUNCES EXTENSION OF THE VENTANAS OPTION AND PROVIDES CORPORATE UPDATE
Mala Noche Resources Corp. has successfully negotiated an extension of certain time frames in its option agreement on the Ventanas property. Under the current agreement, certain expenditures were required by May, 2010, in order for the option to remain in good standing. That deadline, and the other related deadlines in the agreement, have been extended by 12 months.
“We are pleased that Goldcorp has agreed to this extension,” said Wade Nesmith, chief executive officer of the company. “Our focus for the past 12 months has been on making an acquisition of a producing asset. That remains our focus, and we believe we are making good progress, but Ventanas is a promising late-stage exploration property and we are keen to maintain our interest. The option has been extended without further payment of cash, but the company has agreed to be responsible for certain ongoing maintenance costs on the property.”
The company also announced that Randy Smallwood, Art Freeze and John Boddie have each ended their formal relationship with the company. The advisory committee, upon which each of Mr. Smallwood and Mr. Freeze served, has been disbanded and Mr. Boddie has resigned his position as an officer of the company. Each of Mr. Freeze and Mr. Boddie has made himself available to the company on a continuing basis through continued consulting arrangements.
“I would like to thank Randy, Art and John for all their help over the past several years. Their advice has been valuable and I am pleased that Art and John’s other commitments permit them to remain available to us if needed,” added Mr. Nesmith.
� 2010 Canjex Publishing Ltd.
