The Private Placement was agreed to concurrently with the Company's execution of an agreement with SD GOLD pursuant to which SD GOLD agreed to acquire all of the outstanding shares of TMAC at a price of
The proceeds of the Private Placement will be used to support the cost of the Company's sealift this year. Closing of the Private Placement is subject to the receipt of approval from the
ABOUT
TMAC operates the
FORWARD-LOOKING INFORMATION
This release contains 'forward-looking information' within the meaning of applicable securities laws that is intended to be covered by the safe harbours created by those laws. 'Forward-looking information' includes statements that use forward-looking terminology such as 'may', 'will', 'expect', 'anticipate', 'believe', 'continue', 'potential' or the negative thereof or other variations or comparable terminology, and includes statements with respect to the timing and completion of the Private Placement, the proposed use of proceeds, the receipt of approval from the
'Forward-looking information' is not a guarantee of future performance and management bases forward-looking statements on a number of estimates and assumptions at the date the statements are made. Although management of TMAC has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Furthermore, such 'forward-looking information' involves a variety of known and unknown risks, uncertainties and other factors, which may cause the actual plans, intentions, activities, results, performance or achievements to be materially different from those expressed or implied. TMAC does not intend, and does not assume any obligation, to update this 'forward-looking information' except as otherwise required by applicable law.
Contact:
Tel: 647-480-3110
Email: Lisa.Wilkinson@tmacresources.com
(C) 2020 Electronic News Publishing, source