CARSON CITY, Nev., Nov. 16, 2009 (GLOBE NEWSWIRE) -- Denarii Resources Inc. (OTCBB:DNRR) (Berlin:8D3) (Frankfurt:8D3), a mining company focused on acquiring gold, silver and other resource properties worldwide, announced today that it has entered into negotiations to acquire a production-ready gold, silver and copper project located in South America.
Denarii Resources employs a world-class mining team of advisors, geologists and consultants who are uniquely qualified to identify favorable acquisition targets in the global natural resource industry. The team has identified and investigated a precious and base metal property located in Argentina. After a detailed due diligence process, the team has recommended that Denarii Resources proceed with the next step of negotiating a sales purchase agreement to acquire the property.
"Our proposed acquisition in South America will further diversify our portfolio of holdings, and position us to capitalize on skyrocketing gold, silver and other metal prices," commented Stuart Carnie, president and director of Denarii Resources. "We expect to complete a sales agreement on the property in the next two weeks. We will provide additional, detailed information regarding this purchase as soon as it becomes available."
About Denarii Resources Inc.
Denarii Resources Inc. focuses on acquiring near-term producing gold and silver assets, molybdenum claims and coal projects located in North, South and Latin America. Properties are located near or within historically prolific reserves that can be turned into positive cash-generating assets for the Company. 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 web site at http://www.dnrrinvestments.com