VANCOUVER, British Columbia, Aug. 23, 2021 (GLOBE NEWSWIRE) -- Ameriwest Lithium Inc. (“Ameriwest” or the “Company”) (CSE: AWLI) (OTC: AWLIF) (FSE: 5HV0), a North American lithium exploration and development company, is pleased to announce that, effective at market open on August 23, 2021, the OTC ticker symbol for the Company’s common shares will change from AMRWF to AWLIF. The new symbol is more consistent with the Company’s stock symbol on the Canadian Securities Exchange (the “CSE”), which is Ameriwest’s primary trading market. The Company's common shares will continue to trade on the CSE under the symbol AWLI and on the Frankfurt Stock Exchange under the symbol 5HV0.
In addition, Ameriwest is pleased to announce that the Company has entered into an online marketing agreement (the “Agreement”) with Promethean Marketing Inc., a Maryland-based communications firm (“Promethean”), pursuant to which Promethean will design, create, and distribute advertising content on Ameriwest’s behalf. The Agreement is effective as of August 1, 2021, is for a term of five (5) months and may be terminated at the Company’s option at any time upon 30 days’ notice in writing to Promethean.
The primary purpose of the Agreement is to enhance Ameriwest’s exposure among mining industry stakeholders and investors in the United States. Importantly, the Agreement contains strict prohibitions on Promethean (i) distributing any materials in respect of Ameriwest without the express written approval of the Company’s CEO, and (ii) undertaking any activities that may require Promethean to register as a broker-dealer in the Unites States or elsewhere. In exchange for the services being provided by Promethean under the Agreement, which are not intended to constitute “Investor Relations Activities” as that term is defined in the policies of the CSE, the Company has agreed to pay Promethean a non-refundable deposit of US$150,000 (the “Deposit”) plus a fee of US$250,000 for the duration of the term, which fee is refundable to Ameriwest on a pro-rata basis in the event that the Agreement is terminated prior to the completion of the term. Pursuant to the Agreement, Promethean is required to use the proceeds of the Deposit for content creation purposes.
The Agreement contains standard covenants of the parties, as well as reciprocal confidentiality provisions, intellectual property protections and indemnification language.
Ameriwest invites interested stakeholders and shareholders alike to visit its website and sign-up for regular news alerts which will help provide timely updates of ongoing activities. Company management believes strongly in regular communications, updates, and reports from the field, as an important aspect of developing informative and useful engagement as the Company continues to help explore and develop the exciting and rapidly evolving lithium sector.
On Behalf of the Board of Directors,
President and Chief Executive Officer
For further information, please contact:
Ameriwest Lithium Inquiries
Glenn Collick, Director
Tel: +1 (778) 868-2226
About Ameriwest Lithium Inc. (CSE: AWLI) (OTC: AWLIF) (FSE: 5HV0)
Ameriwest Lithium Inc. is a Canadian-based exploration company with a focus on identifying strategic lithium mineral resource projects for exploration and development. The Company is currently focused on exploring the Deer Musk East property, located in the prolific Clayton Valley, Nevada, totalling 5,600 acres, and the Railroad Valley property, totalling 6,200 acres. Additionally, Ameriwest’s current resource portfolio includes the ESN Project, located in White Pine County, Nevada, and the Koster Dam property, located in the Clinton Mining Division of British Columbia, in which Ameriwest has a 45% interest. For more information visit: https://ameriwestlithium.com/.
Caution Regarding Forward-Looking Information
Certain statements contained in this news release may constitute forward‐looking information. Forward‐looking information is often, but not always, identified by the use of words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”, “should”, and similar expressions. Forward‐looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward‐looking information. The Company’s actual results could differ materially from those anticipated in this forward‐looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, changes to the Company’s strategic growth plans, and other factors, many of which are beyond the control of the Company. The Company believes that the expectations reflected in the forward‐looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. Any forward‐looking information contained in this news release represents the Company’s expectations as of the date hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward‐looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.
The Canadian Securities Exchange has not in any way passed upon the merits of the matters referenced herein and has neither approved nor disapproved the contents of this news release.
cse-awli ameriwest-lithium-inc ameriwest lithium inc press-release
Canada One to Option Franelle Copper Project, Quebec Canada
Vancouver, Canada – TheNewswire – September 16, 2021 – Canada One Mining Corp. (the “Company” or “Canada One”) (TSXV:CONE) is pleased to announce…
Vancouver, Canada – TheNewswire - September 16, 2021 – Canada One Mining Corp. (the “Company” or “Canada One”) (TSXV:CONE) is pleased to announce that it has entered into an option agreement, effective date August 31st, 2021 (the “Agreement”), pursuant to which the Company will acquire the right to earn a 100% interest, subject to a 2% royalty, in the Franelle Copper Project (the “Project”, or the “Property”), a 31 square kilometre contiguous property located 90 kilometres northwest of Schefferville, Quebec, from Messrs. Fayz and Ramy Yacoub (the “Vendors”), arm’s length parties (the “Transaction”).
- The Project hosts 4 mineralized zones: Franelle, Bennelle, Reuben and Beluet
- The Franelle zone currently extends westwardly 2,600 metres along a 7000-metre gabbro dyke that has an average width of 60 to 75 metres
- Three programs of diamond drilling at the Franelle zone intersected significant widths of copper mineralization, including:
- 2.42% copper over 13.7m within 32m of 1.12% copper
- 0.86% copper over 25.3m within 50.3m of 0.51% copper;
- 0.80% copper over 14.9m within 33.2m of 0.59% copper within 173.4m of 0.29% copper;
- 0.56% copper over 39m
- Grab sample copper highlights include: 6.15% and 4.83% from the Beluet zone, 2.06%, 1.73% and 1.68% from the Bennelle zone
- Chip sample highlights include: 4% copper and 6.9 g/t silver over 0.40 metres and 2.61% copper and 2.5 g/t silver over 2.5 metres from Reuben zone
Canada One cautions investors selected grab samples are selected samples and are not necessarily representative of mineralization hosted on the Project. The true width of the mineralization is unknown at this time.
“The Franelle Copper Project represents an excellent opportunity for Canada One shareholders,” commented CEO Peter Berdusco. “The strong copper grades over good widths immediately attracted us to the project and we plan to undertake a comprehensive review of the historical data to drive the upcoming exploration program.”
The Company can earn a 100% interest in the Franelle Copper Project, subject to a 2% net smelter return royalty by meeting the following terms:
- Issuing 3,000,000 shares as follows:
- 500,000 Shares within five business days of approval of the TSX Venture Exchange (the “Approval Date”);
- An additional 500,000 Shares on or before the first anniversary of the Approval Date;
- An additional 500,000 Shares on or before the second anniversary of the Approval Date;
- An additional 500,000 Shares on or before the third anniversary of the Approval Date;
- An additional 500,000 Shares on or before the fourth anniversary of the Approval Date; and
- An additional 500,000 Shares on or before the fifth anniversary of the Approval Date.
- Making cash payments totaling $300,000 as follows:
- $25,000 payable on signing of the Agreement as non-refundable deposit;
- An additional $25,000 payable within 15 days from signing of the Agreement as further non-refundable deposit;
- An additional $50,000 payable on or before the first anniversary of the Approval Date;
- An additional $50,000 payable on or before the second anniversary of the Approval Date;
- An additional $50,000 payable on or before the third anniversary of the Approval Date;
- An additional $50,000 payable on or before the fourth anniversary of the Approval Date; and
- An additional $50,000 payable on or before the fifth anniversary of the Approval Date.
- Incurring $5,000,000 in Exploration Expenditures on the Property as follows:
- $250,000 within 12 months from the Approval Date;
- An additional $250,000 within two years from the Approval Date;
- An additional $250,000 within three years from the Approval Date;
- An additional $250,000 within four years from the Approval Date;
- An additional $250,000 within five years from the Approval Date; and
- An additional $3,750,000 at any time, in any number of proportions and amounts, within five years from the Approval Date
In addition, in the event the Company files a technical report supporting the disclosure of a mineral reserve on the Project at any time prior to the acquisition of the Project, the Company shall issue an additional 1,000,000 shares as a bonus to the Vendors.
The Company can purchase 50% (or 1%) of the net smelter return royalty on the Project at any time for $2,000,000.
The Vendors of the Project, Messrs. Fayz and Ramy Yacoub, are arm’s length parties. No finders’ fees or commissions are payable in connection with completion of the Transaction. In connection with completion of the Transaction, it is contemplated that the Company will complete a non-brokered private placement to raise additional capital to satisfy obligations under the Agreement and to further develop the Project. Further information regarding the terms of the placement will be provided as soon as available.
Closing of the Transaction remains subject to the completion of a technical report in respect of the Property, completion of financing on terms acceptable to the Company, and the approval of the TSX Venture Exchange. The Transaction cannot be completed until approval of the TSX Venture Exchange is received. Trading in the common shares of the Company has been halted on the TSX Venture Exchange and is expected to remain halted pending completion of further filings with the TSX Venture Exchange.
The Franelle Copper Project hosts 4 mineralized zones: Franelle, Bennelle, Beluet and Reuben.
The Franelle zone trends NNW 2600m along a 7000m long gabbro dyke with an average width of 60m to 75m. Mineralization consists of native copper, and copper oxides and sulfides with some potential supergene enrichment. Mineralization occurs as dissemination within the gabbro and with veins, veinlets and stockworks cutting the gabbro and the metasedimentary host rock. Three programs of diamond drilling tested the gabbo between the mid 1970’s and the mid-1990’s. A historic resource was calculated in 1976. The Company will to review the historic data before disclosure. (Diamond Drill Logs, Lac Musset Property, 1995 Energie et Ressources Naturelles Quebec Report GM 53794).
The Bennelle zone consists of veins, veinlets and disseminations of copper mineralization intersecting a gabbro sill intruded into arkosic red sandstone. The Franelle and Bennelle zones may lie along the same gabbro. Mineralization consists of native copper, and copper oxides and sulfides, and has been traced 450m along strike and ranges from 1m to 3m in thickness. Grab sample highlights include 2.06% copper, 1.73% copper and 1.68% copper. (Source: “Gitologie Des Indices De Cuivre Du Lac Musset, Fosse Du Labrador par B. Brassard (1984), Energie et Ressources Naturelles Quebec Report MB84-03).
Mineralization at the Beluet zone is hosted in an altered shear zone within sandstones in fault contact with gabbros and consists of malachite, azurite and chrysocolla accompanied by chalcopyrite. The shear zone has been traced 50m along strike and is 5m thick. Grab sample highlights include: 6.15% copper and 4.83% copper. (Source: Metallic Deposit 23O/11-004 1995 Energie et Ressources Naturelles Quebec)
The Reuben zone, a 30-metre wide stockwork of gabbro hosting calcite and epidote veins carrying chalcopyrite and malachite, and has been traced intermittently 425 metres along strike. Individual showings along the trend range from 60 metres by 6 metres to 15 metres by 1.5 metres. Chip sample highlights include: 4% copper and 6.9 g/t silver over 0.40 metres and 2.61% copper and 2.5 g/t silver over 2.5 metres. Source: (Diamond Drill Logs, Lac Musset Property, 1995 Energie et Ressources Naturelles Quebec Report GM 53794).
Canada One cautions investors it has not yet verified the above historic data.
R. Tim Henneberry, P Geo (British Columbia), a consultant to Canada One, is the Qualified Person who has reviewed and approved the technical content of this news release on behalf of the Company.
On behalf of the Board of Directors of
CANADA ONE MINING CORP.
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for gold, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.
Copyright (c) 2021 TheNewswire - All rights reserved.drilling tsxv-cone canada-one-mining-corp private placement financing acquisition press-release
Benton and Sokoman Shares Rise After Confirming 1st High-Grade Lithium Discovery
Composite grab sampling returns 2.37% Li2OThunder Bay, Ontario–(Newsfile Corp. – September 16, 2021) – Benton Resources Inc. (TSXV: BEX) ("Benton") and…
Composite grab sampling returns 2.37% Li2O
Thunder Bay, Ontario--(Newsfile Corp. - September 16, 2021) - Benton Resources Inc. (TSXV: BEX) ("Benton") and Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) ("Sokoman") (together, "the Alliance") are pleased to announce analyses for 35 of 58 follow-up samples from the recently discovered swarm of Lithium-bearing pegmatite dikes on the Golden Hope Joint Venture Project in southwestern Newfoundland. The 35 grab and chip samples were collected over a 1 km2 area over the swarm of poorly-exposed pegmatite and aplite dykes. The follow-up sampling has confirmed that the pegmatites carry significant Lithium values, the first significant occurrence of Lithium documented in the province of Newfoundland and Labrador, Canada.
- 31.4% of the samples gave values >1% Li2O
- The Lithium-bearing samples were taken over a poorly-exposed pegmatite swarm covering 1 km2
- Additional results are pending (23 samples) along a 1 km strike of pegmatites
- Lithium, Beryllium, Cesium, Rubidium and Tantalum values were located 2 km to the west of the initial discovery
Of the 35 samples, 11 gave values greater than 1% Li2O with three greater than 2% Li2O, and a high of 2.37% Li2O. The dominant Lithium-bearing mineral appears to be spodumene (LiAl(SiO3)2) which occurs as clusters of elongated prismatic crystals up to 5-cm-long in a grey-white matrix of glassy quartz and feldspar and a pale-green to white mica (see photo of sample 361716). Multiple samples from the aplite dikes give highly-anomalous Cesium (17 ppm to 508 ppm Cs), Rubidium (226 ppm to 1310 ppm Rb) and Tantalum (5 ppm to 179 ppm Ta), typical of evolved pegmatite swarms. Samples 361715-718 were a series of 0.5 m2 composite samples from the discovery outcrop that measures 10m x 3m and is 100% pegmatite. The dike margins are overburden covered and actual width of the dike is not known. All other samples were taken over the broader mineralized area. The following table gives the results for the composite samples and other higher-grade Li values from the area.
|Summary of Significant Results (>500 ppm Li)|
|Sample||Li ppm*||Conversion||% Li2O|
* Li shown as ppm except where noted as %
To view an enhanced version of this graphic, please visit:
The Alliance also discovered high-grade Beryllium values with 2 grab samples grading >5000 ppm Be, with others ranging from 6 ppm to >5000 ppm Be, with associated anomalous Lithium, Cesium, Rubidium and Tantalum values. These samples, mineralogy unknown, are located approximately 2 km to the west of the Li discovery, providing further evidence that it is an evolved pegmatite system. Additional samples, taken up to 1,000 m along strike, have been submitted for analysis and are pending.
To view an enhanced version of this graphic, please visit:
Samples were submitted to Actlabs in Ancaster, Ontario for analysis by Sodium Peroxide Fusion ICPOES + ICPMS.
Benton's President and CEO Stephen Stares states: "The discovery of this new Lithium, Beryllium, Cesium, Tantalum and Rubidium mineralization in Newfoundland continues to show the Island's vast potential. Although this is the first discovery of Lithium in Newfoundland, the geological environment and setting to discover these types of large systems have already been proven and discovered in the Appalachian belt. This includes the important deposits held by Piedmont Lithium Inc in the Carolinas, eastern US, as well as the geologically equivalent Avalonia Project being advanced by Ganfeng Lithium in the Caledonides of Ireland. Benton and Sokoman will use these deposits for synergies and modeling as we advance this new discovery towards drilling."
Sokoman's President and CEO Tim Froude adds: "We are very pleased to have unequivocally verified high-grade Lithium mineralization at Golden Hope, the first such significant occurrence in Newfoundland. While still early days, significant Lithium mineralization in similar geological settings, elsewhere in the greater Appalachian belt, bodes well for the potential of this discovery to be of significance to our shareholders. While continuing to explore the pegmatites for Li and associated elements, the claims were originally staked for gold and we are presently processing and merging our recently-flown airborne data with pre-existing data to highlight gold targets on the 750 sq km property."
The Alliance has completed a 5,709 line-km Heliborne, High-Resolution, Aeromagnetic & Matrix Digital VLF-EM Survey, flown by Terraquest Ltd. The survey will provide the structural/ lithological setting to help identify gold-bearing structure extensions, as well as any unrecognized structures including those potentially related to the Lithium-bearing pegmatites.
This news release has been reviewed and approved by Timothy Froude, P.Geo., President and CEO of Sokoman Minerals Corp., and Nathan Sims, P.Geo., Senior Exploration Manager for Benton Resources Inc., both the 'Qualified Person' under National Instrument 43-101.
To ensure a working environment that protects the health and safety of the staff and contractors, Sokoman and Benton are operating under federally and provincially mandated and recommended guidelines during the current COVID-19 alert level.
About Sokoman Minerals Corp.
Sokoman Minerals Corp. is a discovery-oriented company with projects in Newfoundland and Labrador, Canada. The Company's primary focus is its portfolio of gold projects: flagship, 100%-owned Moosehead, Crippleback Lake (optioned to Trans Canada Gold Corp.) and East Alder (optioned to Canterra Minerals Corporation) along the Central Newfoundland Gold Belt, and the district-scale Fleur de Lys project in northwestern Newfoundland, that is targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland, and Cononish in Scotland. The company also recently entered into a strategic alliance with Benton Resources Inc. through three large-scale joint-venture properties including Grey River Gold, Golden Hope and Kepenkeck in Newfoundland. Sokoman now controls independently and through the Benton alliance over 150,000 hectares (>6,000 claims - 1,500 sq. km), making it one of the largest landholders in Newfoundland, Canada's newest and rapidly-emerging gold districts. The company also retains an interest in an early-stage antimony/gold project (Startrek) in Newfoundland, optioned to White Metal Resources Inc., and in Labrador, the Company has a 100%-interest in the Iron Horse (Fe) project that has Direct Shipping Ore (DSO) potential.
About Benton Resources Inc.
Benton Resources Inc. is a well-funded mineral exploration company listed on the TSX Venture Exchange under the symbol BEX. Following a project generation business model, Benton has a diversified, highly-prospective property portfolio in Gold, Silver, Nickel, Copper, and Platinum Group Elements and currently holds large equity positions in other mining companies that are advancing high-quality assets. Whenever possible, BEX retains Net Smelter Return (NSR) royalties for potential long-term cash flow. Benton has also recently entered into a 50/50 strategic alliance with Sokoman Minerals Corp. (TSXV: SIC) through three large-scale joint venture properties including Grey River, Golden Hope and Kepenkeck in Newfoundland that are now being explored.
For further information, please contact:
CHF Capital Markets
Cathy Hume, CEO
Phone: 416-868-1079 x251
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."
Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Companies' expectations; risks related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Companies prospects, properties and business detailed elsewhere in the Companies' disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Companies do not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Companies' expectations or projections.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96784
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CopperBank Closes $5 Million Private Placement Financing
VANCOUVER, BC / ACCESSWIRE / September 16, 2021 / CopperBank Resources Corp. ("CopperBank" or the "Company") (CSE:CBK) announces that it has closed the…
VANCOUVER, BC / ACCESSWIRE / September 16, 2021 / CopperBank Resources Corp. ("CopperBank" or the "Company") (CSE:CBK) announces that it has closed the previously announced non-brokered private placement offering (the "Offering") of units of the Company (the "Units") at a price of $0.40 per Unit, for aggregate gross proceeds to the Company of $5,000,000.
"It is great to close this financing so soon after taking over as CEO and seeing such strong demand from seasoned, long-term resource investors," said Paul Harbidge, President and Chief Executive Officer. "This financing bolsters the balance sheet as the Company progresses the advanced Copper Creek project in Arizona, as well as the Contact Copper project in Nevada. We look forward to demonstrating the value of these projects by developing geological models, updating the resource estimates and technical studies, as well as commencing exploration drilling on both properties."
Each Unit consists of one common share of the Company (a "Common Share") and one common share purchase warrant of the Company (a "Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of $0.60 at any time up to five years following the closing of the Offering. No finder's fees were paid as part of this private placement.
The net proceeds received by the Company from the Offering will be used to advance the Company's Copper Creek and Contact Copper exploration projects, as well as for general working capital purposes.
The Common Shares and Warrants to be issued under the Offering will have a hold period of four months and one day from the closing of the Offering.
Paul Harbidge and Russell Ball, both insiders of the Company, subscribed for a total of 3,000,000 Units under the Offering, both of which subscriptions constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The issuance to the insiders is exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in section 5.5(b) as the Company's shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in section 5.7(a) of MI 61-101 in that the fair market value of the consideration of the shares issued to the related parties did not exceed 25% of the Company's market capitalization.
CopperBank is a Canadian exploration mining company focused on energy related metal exploration in The United States of America. The Company trades on the Canadian Securities Exchange under the symbol "CBK".
For additional information please contact:
Paul Harbidge, President and Chief Executive Officer
Forward-Looking and Cautionary Statements
Certain information in this release constitutes forward looking statements or information ("forward-looking statements") under applicable securities laws and necessarily involves risks and uncertainties. Forward-looking statements included herein are made as of the date of this news release and, except as required by applicable law, CopperBank does not undertake any obligation to update or revise any of the forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. Forward-looking statements relate to future events or future performance and reflect management of CopperBank's expectations or beliefs regarding future events. In certain cases, forward-looking statements can be identified by the use of words such as "plans", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology.
Examples of forward-looking statements in this news release include, but are not limited to, statements with respect the use of the net proceeds of the Offering by the Company. Although CopperBank believes that the expectations reflected in the forward-looking statements are reasonable, forward looking statements have been based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information available to CopperBank. Forward-looking statements are based, in part, on assumptions and factors that may change or prove to be incorrect, thus causing actual results, performance or achievements to be materially different from those expressed or implied by forward looking information.
Such factors and assumptions include, but are not limited to, the Company's ability to identify and complete one or more transactions involving the Company's portfolio assets that enhance shareholder value as part of management's ongoing review of strategic alternatives in the current market conditions. By their very nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements. Such factors include, but are not limited to, the risk that the Company will not be able to identify and complete one or more transactions involving the Company's portfolio assets that enhance shareholder value as part of management's ongoing review of strategic alternatives in the current market conditions. Although CopperBank has attempted to identify important factors that could cause actual actions, events or results to differ materially from forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated by such forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. For more information on CopperBank and the risks and challenges of its businesses, investors should review the continuous disclosure filings that are available under CopperBank's profile at www.sedar.com.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to United States Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
SOURCE: CopperBank Resources Corp.
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