Breakwater Enters Into Qualifying Environmental Trust (QET)

CCNMatthews Newswire | December 21, 2007 | Copyright

TORONTO, ONTARIO--(Marketwire - Dec. 21, 2007) - Breakwater Resources Ltd. (TSX:BWR) (Breakwater) is pleased to announce that it has entered into a joint venture with the limited partners of Myra Falls Mine Limited Partnership (Partnership) whereby the Partnership is entitled to a revenue interest of production from the Myra Falls mine consisting of a 3% net smelter royalty. The Partnership has deposited $20 million with a trustee into a "qualifying environmental trust" (QET) as security for a portion of the reclamation obligations of NVI Mining Ltd., a wholly-owned subsidiary of Breakwater, ...

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