SOURCE: Siga Resources Inc

September 29, 2011 21:00 ET

Siga Resources Places Closing of Montauban Acquisition on Hold

CARSON CITY, NV--(Marketwire - Sep 29, 2011) - Siga Resources (OTCBB: SGAE) announces that as a result of due diligence and other information provided by third parties, it has placed the finalization and share issue for the acquisition of the previously announced Montauban tailings project on hold until further notice.

A possible mining claim conflict that was previously unknown or undisclosed was discovered. The vendor, Laguna Finance Ltd, has been informed and agrees with the postponement.

About Siga Resources Inc, founded in 2007, is based in South Lake Tahoe, California. Siga is a mineral resource exploration and development company. Siga's strategy targets properties that have the potential for near term production and early positive cash flow. Siga's primary geographical interest is North and South America.

Siga is currently operating the Lucky Thirteen Placer in British Columbia. Bulk sampling has been completed and metallurgical evaluation is underway with results expected in the next 4 weeks.

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 "could," "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.

Contact Information

  • Contacts:
    Ed Morrow
    530 577 4141

    Robert Malasek
    760 607 826
    Email: Email Contact