Berkley Resources Announces Sale of Interest in Dollard Area, Saskatchewan
February 04 2011 - 4:00PM
Marketwired Canada
Berkley Resources Inc. (CNSX:BKS)(PINK SHEETS:BRKDF)(FRANKFURT:W8O) ("Berkley"
or the "Company") has announced that, effective October 1, 2010, the Company has
sold its 18.72% interest in the Dollard Area, Saskatchewan. Pursuant to the
terms of a Purchase and Sale Agreement with an arms-length private operator, the
Company will be paid $1,111,000 in connection with the transaction.
Berkley Resources Inc. is a growth-oriented, junior oil and gas company with
production, development and exploration assets in Alberta, Canada.
ON BEHALF OF THE BOARD
Matt Wayrynen, President and Chief Executive Officer
This release may contain statements that are considered as forward-looking
statements and are subject to various risks and uncertainties concerning the
specific factors disclosed under the heading "Risk Factors" and elsewhere in the
Company's periodic filings with Canadian securities regulators. Such information
contained herein represents management's best judgment as of the date hereof
based on information currently available. The Company does not assume the
obligation to update any forward-looking statement.
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