TriNorth Capital Announces Investment Chevalier Resources Inc.

Attention Business Editors TORONTO, July 23 /CNW/ - TriNorth Capital Inc. (TSX: TRT) is pleased to announce it has made an investment of $2 million in Chevalier Resources Inc. ("Chevalier"). TriNorth purchased 4,000,000 shares in Chevalier at $0.50 per share as part of a private placement financing. Chevalier is a private Montreal-based mining company, specialized in the development of base metal projects including cobalt, copper and tin. Chevalier has signed several option agreements to acquire majority interests in mining properties located in the Democratic Republic of the Congo ("DRC") and intends to engage in a comprehensive exploration program and conduct small scale mining and mineral processing on its properties with an initial objective of establishing a cobalt processing plant in the province of Katanga. The... [read full story]