Borneo Resource Investments Ltd. (BRNE: OTCQB) | Borneo

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
Borneo Resource Investments Ltd. (BRNE: OTCQB) | Borneo Resource Investments Ltd. Makes Payment For Gold Property Borneo Resource Investments Ltd. Makes Payment For Gold Property

Borneo Resource Investments Ltd. Makes Payment For Gold Property

PR Newswire

BOTHELL, Wash. , April 11, 2013 /PRNewswire/ -- Borneo Resource Investments Ltd. (OTCQB: BRNE), (the "Company" or " Borneo "), today announced that it has made the Second Payment as required by the previously announced purchase agreement to acquire 100% ownership in a 50 hectare property in the North Minahasa Regency of North Sulawesi Province, one of the richest gold reserve areas in Indonesia. 

Nils Ollquist Borneo's Chief Executive Officer commented, "With this payment we have secured the transfer of the interest of the property.  We continue our discussions on larger financing proposals for the development of our gold properties on favorable terms to the company. We are confident that we will continue to meet our financing objectives and that we will be in a position to announce successful conclusion of these efforts in the very near future."

About The Company

Borneo Resource Investments Ltd. is an aggregator of proven precious metal and natural resource concession assets in the Republic of Indonesia . Each concession is a contractual right to explore or develop natural resources in a specific land area. Borneo 's current natural resource portfolio includes two gold projects and a concession for high quality thermal coal. The first gold project is producing while the other is non-producing. Borneo also trades precious metals and thermal coal between Indonesian domestic groups and international buyers. Borneo seeks to opportunistically acquire and market additional natural resource assets.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. Words such as "believe", "estimate", "will be", "will", "would", "expect", "anticipate", "plan", "project", "intend", "could", "should" or other similar words or expressions often identify forward-looking statements. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding our outlook, projections, forecasts or trend descriptions. These statements do not guarantee future performance, and we do not undertake to update our forward-looking statements.

For example, we are using forward looking statements when we discuss the indications that estimate the potential revenue that may be generated from this property. These forward-looking statements are based on the current expectations of the management of Borneo Resource Investments Ltd. only, and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: changes in the price of natural resources, a change in the estimate of natural resources on our concessions, a change in the ability to extract the natural resources, changes in Indonesian law, risks associated with counterparty default in any of our agreements and the ability to acquire funding. Except as otherwise required by law, Borneo Resource Investments Ltd. undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Please join our email distribution list by contacting us at ir@borneore.com .

Related Links: http://www.borneore.com

Investor Relations Contact:

Proactive Capital Group
James Crane
Email:  james@borneore.com
Phone:  646-331-4962

SOURCE Borneo Resource Investments Ltd.

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Lawsuit Highlights Inaction in School Bus Tragedy

Updated Category News Views 4

Seeking Justice Amid Heartbreak Tragedy rarely arrives whispered on the wind—more often, it's the train wreck some saw coming long before it hits. The tragic death of Jenna Menias, a 6-year-old from Frankfort, Illinois, falls squarely in this camp. The family's legal lions, Corboy & Demetrio, have slapped two school districts—District 210 and 157-C—with a wrongful...

Continue Reading
ARTBOX Brings Korean Lifestyle Magic to LA Pop-Up

Updated Category News Views 8

ARTBOX: From Seoul to La-La Land Here's what caught my eye. It's 2026, and Korean lifestyle retailer ARTBOX is making a splash in the U.S.—kicking things off with a pop-up in LA. Now, usually, I'd be skeptical about pop-ups, but you've got to admire the audacity and timing here. They've picked Melrose Avenue, a hotspot for all things trendy, to introduce their mix of...

Continue Reading
Black Culture Icon: Plastic-Covered Couch Takes Stage

Updated Category News Views 4

A Plastic-Laden Piece of History Makes Art Who'd have thought a plastic-covered couch would turn into a cultural artifact? This iconic staple in Black households has done just that, debuting at Brooklyn's CultureCon in a fresh guise. It's more than just an upcycled furniture piece; it's a living archive that encapsulates Black culture, joy, and resilience. The Heart...

Continue Reading
Monteverde Probes Four Key M&A Deals for Fairness

Updated Category News Views 9

Examining the Intricacies of Pending M&A The merger and acquisition landscape can be vicious, especially when the sharks—those pesky class action lawyers—start circling. And let me tell you, Monteverde & Associates PC is diving headfirst into the fray, launching inquiries into a handful of these deals. This isn't your first stroll down Wall Street if you’ve seen one...

Continue Reading
Class Action Alerts: M&A Under Scrutiny

Updated Category News Views 7

Unpacking Monteverde's M&A Investigations Hold your horses, folks! The M&A Class Action Firm is stirring the pot with its latest inquiries into some high-profile mergers. We're looking at Lisata Therapeutics, Flag Ship Acquisition Corporation, Baldwin Insurance Group, and ACV Auctions. So what's got Juan Monteverde's legal eagles swooping in on these deals? Well, are we...

Continue Reading
Blokees Unveils 90+ New Wonders at Shanghai Fest

Updated Category News Views 4

A Grand Stage for New Arrivals Picture this: In the bustling and glittering chaos that was the Wonder Festival Shanghai 2026, held from October 3 to 4, Blokees laid down a major marker. More than 500 products, an artillery of imagination and craftsmanship, were on deck across their key lines—Blokees Model Kits and BLOKEES WHEELS. With 90 brand-new creations making their...

Continue Reading
Power Knot MEA Wins THE BIZZ 2026 for Excellence

Updated Category News Views 6

Setting the Pace in Waste Management If there's one thing that sticks in my craw, it's how businesses handle food waste. Power Knot Middle East (PKME) seems to have cracked the code by not just leading the charge in organic waste management but also bagging THE BIZZ 2026 award. They’re not just playing industry games; PKME's pulling the strings with real leadership and...

Continue Reading
SiBionics and PharmaSens Unveil Diabetes Tech at EASD

Updated Category News Views 3

Shaking Up Diabetes Care: New Tech Unveiled Imagine a world where managing diabetes isn't a juggling act with multiple devices. That's precisely the future SiBionics and PharmaSens are pitching at the European Association for the Study of Diabetes (EASD) 2026 in Milan. Now, let me tell you, these guys aren't just playing around with ideas; they're aiming to radically...

Continue Reading
Monteverde's Equity Alert: Scrutinizing Recent M&A Deals

Updated Category News Views 7

Diving Into M&A Deals Under Monteverde's Lens Wall Street’s not just about suits and skyscrapers; it’s about the nitty-gritty of deals and whether those numbers add up in the investor's favor. So, when Monteverde & Associates PC throws its weight into scrutinizing mergers and acquisitions, you better believe it's worth a second look. See, they’re digging into four...

Continue Reading
Monster Energy Dominates Skateboard Podium at SLS Paris

Updated Category News Views 6

Monster Energy's Skateboard Triumph Hold the front page, because Monster Energy just pulled off a clean sweep in Paris. The company's team riders dominated the Men's Skateboard Street competition at the SLS Paris 2026, with the iconic Nyjah Huston snagging the top spot. It's a story filled with triumph, grit, and a dash of raw talent in a vibrant field of international...

Continue Reading

Top 5 Most Recently Viewed Articles

South Korea's Stock Market Surges: A Deep Dive into 2025 Gains

Updated Category News Views 184

South Korea Shines in Global Stock Market Performance Throughout history, U.S. stocks have been champions of growth in the world’s financial markets. Yet, in 2025, South Korea outperformed many assumptions, showing remarkable resilience and potential. The benchmark S&P 500 index, which usually leads the pack, reported a total return of only 17.7%. In stark contrast,...

Continue Reading
Improving Inflation Data Boosts Global Market Sentiment

Updated Category Economy Views 426

Global Stocks Rebound After Four-Day Decline Friday's global stocks show a notable comeback, the first increase in four sessions. Following a dramatic selloff, this recovery found equities stable among bettering economic signals. Data showing a small rise in the personal consumption expenditures (PCE) price index were published by the Commerce Department. Last month this...

Continue Reading
Ashford Trust Enhances Financial Stability with Loan Extension

Updated Category News Views 80

Loan Extension Marks a New Chapter for Ashford Hospitality Trust Ashford Hospitality Trust, Inc. (AHT) has recently revealed that it secured an extension on its mortgage loan linked to the Hotel Indigo Atlanta Midtown. This strategic move not only solidifies its financial footing but also extends the timeline for its repayment obligations, showcasing the Trust's...

Continue Reading
DXC Technology Posts First Quarter Results for Fiscal 2026

Updated Category News Views 239

DXC Technology Reports First Quarter Results DXC Technology has shared its results for the first quarter of fiscal year 2026, highlighting a total revenue of $3.16 billion, which shows a decrease of 2.4% compared to the previous year. Moreover, when considering the organic aspects of the business, the revenue decline deepens to 4.3%. Despite these challenges, there are...

Continue Reading
Apache Corp Maintains Steady Performance Amid Pricing Pressures

Updated Category News Views 91

Apache Corp Maintains Steady Performance Amid Pricing Pressures Recently, TD Cowen reiterated its Hold rating on Apache Corp (NASDAQ: APA) shares while holding steady with a price target of $36.00. This decision follows a meticulous analysis of Apache's supplemental filings, which highlighted adjustments in natural gas production amid ongoing pricing challenges. Apache...

Continue Reading