Technology Solutions, Inc. (OTCBB:GTSO), an emerging gold
exploration company, signed an option agreement today to explore a
potential acquisition or strategic partnership with the mineral
development company Chery
Minerals, LLC. Currently, Chery Minerals is working to develop new
gold resources in the African nations of Mali, Burkina and Ghana.
Under the terms of the agreement, GTSO will lock up the company for 45
days and begin due diligence toward a definitive agreement immediately.
Due in part to skyrocketing gold prices, GTSO is aggressively targeting
gold exploration and development rights around the world. High average
bullion prices have produced record profits for gold producers in recent
months. With gold prices near all-time highs, mining and development of
the yellow metal is becoming increasingly profitable—particularly in
African nations where labor costs are low. A potential partnership with
Chery Minerals could deliver valuable government and industry contacts
in Africa, the world's second-leading gold producer region.
"Chery Minerals has accumulated a number of small mining operations that
are interested in pursuing new opportunities to have their product
refined outside of Africa, where options are limited," said GTSO CEO
John Shearer. "The global demand for gold is at an all-time high and
rising, and GTSO is fully committed to servicing that demand by
developing new resources in emerging markets. Chery Minerals could prove
crucial to helping us achieve our goals."
GTSO plans to service a fast-growing global appetite for rare and
precious metals to compete in an exciting sector that includes Goldcorp
Inc. (NYSE: GG), Newmont Mining Corp. (NYSE: NEM), SPDR Gold Shares
(NYSEArca: GLD) and Barrick Gold Corp. (NYSE: ABX).
To track gold's meteoric rise and learn more about GTSO's resource
development initiative, please visit www.gtsogold.com/investors.
About Green Technology Solutions, Inc.
Green Technology Solutions, Inc. [www.GTSOgold.com]
is a growth-oriented company exploring precious metals production around
the world. To learn more, please visit our website at www.GTSOgold.com/investors.
Follow us on Twitter at http://twitter.com/gtsogold.
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