CARSON CITY, Nev., Aug. 18, 2009 (GLOBE NEWSWIRE) -- The Board of Directors of Denarii Resources Inc. (OTCBB:DNRR) (Berlin:8D3) (Frankfurt:8D3) is pleased to provide the following corporate update to its valued shareholders.
The Company spent the first two quarters of 2009 seeking potential high-quality acquisitions, attracting high-quality management, building its market awareness, and obtaining a secondary listing in Germany.
With respect to its acquisitions, the Company has completed an investigation of a number of properties in North America, and has negotiated and completed its due diligence on the potential acquisition of a substantial Gold Mining Property in North East California. The Company plans to disclose additional details about this property over the next few days.
With respect to management, the Company was pleased to welcome Mr. Edward Harrington, B.Sc., P.Geo., as Senior Exploration Geologist in June 2009. During this same period, the Company retained Reliance Geological Services Inc. as consultants to the Company to provide independent due diligence on its properties and potential acquisitions. The Company plans to announce additional management appointments in the next few days.
The Company obtained its secondary listing on the Frankfurt Exchange in July 2009, and commenced trading under the symbol 8D3.F. The listing was facilitated by MWB Fairtrade AG, one of the leading securities trading banks in Germany. The listing enabled the Company to greatly expand its marketability and awareness globally, as the Frankfurt Exchange is one of the world`s largest trading centers for securities.
About Denarii Resources, Inc.
Denarii Resources, Inc. engages in the exploration of mineral properties in North America. It currently owns interest in the McNab Molybdenum property, which consists of 2 mineral claims containing 16 cell claim units totaling an area of 334.809 hectares in British Columbia. The Company is actively seeking additional properties to acquire. The company was founded in 2006 and is based in Carson City, Nevada. The Company maintains a website at http://www.dnrrinvestments.com.
Forward-Looking Statements
You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "intends," and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about Denarii Resources, Inc. please refer to its web site at http://www.dnrrinvestments.com.