(via TheNewswire)
The rights and interests of
The proceeds from the Bonds will be used by Ares Utah to acquire, construct, and develop a processing facility (the “Project”) on the Company’s
Series 2023A Bond
The Series 2023A Bond matures on
Series 2023B Bond
The Series 2023B Bond matures on
Non-Brokered Private Placement Offering
The Company is also pleased to announce that it has completed a non-brokered private placement offering of 6,780,500 common shares (the “Offering”) at a price of
The Company will loan a majority of the net proceeds from the Offering to Ares Utah in order to enable Ares Utah to build it
The Shares issued under the Offering have not been and will not be registered under the
For additional details, see the Company’s news release dated
ON BEHALF OF THE BOARD OF DIRECTORS OF
_”James Walker”__________________
For further information, please contact:
E: jwalker@aresmining.com
The CSE (operated by
Forward Looking Statements
Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements in this news release include, but are not limited to, statements regarding expected completion date of the Offering, the repayment of principal and interest under the Bonds, the development of the processing plant for the Project and anticipated use of proceeds from the Bonds and Offering. Important factors that could cause actual results to differ materially from the Company’s expectations include unanticipated market, economic and other conditions which may adversely affect the Company’s ability to repay the amounts owed under the Bonds, to construct the processing plant on the Lost Sheet property on the terms acceptable to the Company, or at all, and other risks detailed from time to time in the filings made by the Company with the securities regulatory authorities. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this newsrelease are made as of the date of this news release and the Company disclaims any intention or obligation to update or revise such information, except as required by applicable law.
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Copyright (c) 2023 TheNewswire - All rights reserved., source