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Follow on Google News | Samarium Borealis terminates Bleiberg option agreement granted to Tasca ResourcesSamarium Borealis terminates effective immediately the option agreement granted to Tasca Resources for cause regarding its Bleiberg property
By: Samarium Borealis Corporation The termination has been preceded by numerous unsuccessful attempts by Samarium Borealis Corporation to get a satisfactory resolution to its concerns from Tasca Resources Some of Samarium Borealis Corporation's concerns refer to findings from investigations based on which it appears that: 1. 1. Tasca Resources has not spent one single work hour on the Bleiberg property since it has started the option agreement, which puts the good standing of the property license into jeopardy. 2. 2. Tasca Resources is promoting the property for their own fund raising and apparently falsely pretending to (potential) Tasca Resource investors that the property would be developed, including but not limited to false and misleading news releases, when in reality the fact of the matter is that Tasca Resources does not perform any work at all. 3. 3. Tasca Resources is abusing Samarium Borealis Corporation's Bleiberg property demonstrably for misleading investor promotions, thus exposing Samarium Borealis Corporation and the property to possible legal action by potential victims. 4. 4. Tasca Resources is in arrears with invoice payments and appears to lack all basis for a going concern thus casting significant doubt over the financial ability of Tasca Resources in general. Samarium Borealis Corporation will take all steps to develop the Bleiberg property on its own. Michael Garcia http://www.samarium.us End
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