WILMINGTON, Del. and OGDEN, Utah, Dec. 19, 2006 (PRIME NEWSWIRE) -- Perihelion Global (Pink Sheets:PHGI) announced that the corporation has formally executed the Asset Purchase Agreement with Saturday Night, LLC to acquire Patent Claim #5797 located in Box Elder County, Utah. Patent Claim #5797 has been assayed in separate geological reports to have 1,277,950 oz of Gold deposits, currently worth more than $745 Million USD ($745,000,000.00) and is located in Box Elder County, Utah, Township 6N Range 19W approximately 8 miles east of Montello, Nevada in the Lucin Mining District in the West Salt Lake Base.
The transaction will be completed in full on January 2, 2007 for accounting purposes; with the official recording of transfer of the deed and Patent Claim #5797 to Perihelion Global occurring at that time.
About Perihelion Global:
Perihelion Global focuses on the acquisition, development and management of technologies, strategic commodity reserves and assets in the energy, natural resource and communications markets. Perihelion's management team specializes in providing solutions for the strategic challenges of 21st Century. We lead with decades of experience in environments that are mission critical in today's global marketplace. Website: www.perihelion.com
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