Columbus Energy Limited: Status of Barbara-Chorzow Coal Mine Acquisition
Vancouver, British Columbia--(Newsfile Corp. - September 24, 2013) - Columbus Energy Limited (TSXV: CEL) ("The Company") announced in a news release dated April 15, 2013 that it had entered into an option agreement to acquire 60% of the Barbara-Chorzow Coal mine in Upper Silesia, Poland from Przedsiebiors Uslugt Gorniczych Greenway ("Greenway").
This is a fundamental acquisition and the shares of the Company are halted until such time as the TSX-Venture Exchange has accepted for filing various documents including a 43-101 report on the project.
Dr. Larry Thomas, B.Sc., PhD, C. Eng. FIMMM, C. Geol., FGS of Dargo Associates of the United Kingdom has provided a NI 43-101 report on the project.
The 43-101 report was submitted to the TSX Venture exchange on August 07, 2013 for a review prior to filing. The exchange replied on August 23, 2013 with a number of deficiencies and comments. The Company is re-drafting the report to address the concerns raised in the exchange review and will formally submit the transaction for review when the re-drafting is complete.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Columbus Energy Limited
Phone (604) 684 7619