CARSON CITY, Nev., Nov. 24, 2009 (GLOBE NEWSWIRE) -- Denarii Resources Inc. (OTCBB:DNRR) (Berlin:8D3) (Frankfurt:8D3), a mining company focused on acquiring gold, silver and other resource properties, announced today that it has entered into a gold loan agreement with Edelweiss SWISS Trading and Investment AG, a Zug, Switzerland-based investment banking firm. According to the initial agreement, Denarii will receive a total of $30,000,000 ($30 Million). The proceeds will be used to acquire an advanced gold mining property and facility located in the western United States. The terms of the agreement are expected to be finalized in the first week of December.
"Throughout 2009, Denarii Resources has acted quickly in order to capitalize on high-growth opportunities and record prices in the gold and silver mining sector. The current financing from Edelweiss SWISS puts our growth-through-acquisition strategy on the fast track to success," said Stuart Carnie, president of Denarii Resources. "Immediately following the close of the financing, we plan to acquire a cluster of strategically located mining claims that were once high-level, gold-producing properties. These claims lie in an area close to a major U.S. city, and have existing equipment on-site. We plan to refurbish this equipment, conserving time and maximizing our resources, to move the mines back into full-scale production. Our goal is to create a self-sustaining gold mining operation with a strong revenue stream."
Carnie added, "Additional funds available from the financing will be used to begin an extensive exploratory drilling program, including over 10,000 feet of diamond drilling, in the newly acquired area. Our due diligence on the property shows tremendous untapped market potential in the area, and we plan to exploit every opportunity to optimize gold production for the benefit of our stakeholders."
About Denarii Resources, Inc.
Denarii Resources Inc. currently owns interest in the McNab Molybdenum property and has entered into production agreement to acquire two coal concessions in Chile. Denarii is continually moving forward with researching and acquiring multiple assets that will generate positive cash flow for the company. A number of precious metal properties are presently under review. These are near or in production Gold and Silver acquisitions located in North and South America and Latin America. The Company was founded in 2006 and is based in Carson City, Nevada. For more information, please visit www.dnrrinfo.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 website at www.dnrrinfo.com.