COVID-19: Belo Sun continues to closely monitor developments around the COVID-19 pandemic. The Company quickly followed the recommended measures by public health and government authorities. Currently, none of our employees in
Indigenous Study: Belo Sun successfully completed and submitted the Indigenous Study to FUNAI (Fundacao Nacional do Indio or
Although the Company expects that the COVID-19 pandemic may impact governmental activities in
Corporate Activities: Belo Sun continues to advance financial discussions with various groups in preparation for the commencement of construction following the lifting of the construction license (LI) suspension.
The Company recently completed in conjunction with some of its principle engineering providers and suppliers an internal capital and operating cost review of its feasibility study and these values remain within 5% of the original estimate (please refer to the press release of the Company dated
The Company announces that it has entered into a promissory note amendment effective as of the date
On
Following consultation with major shareholders and discussions between the Board of the Company to continue to align such interests, the Board of the Company and
About
Belo Sun is a Canadian-based mining company with a portfolio of gold-focused properties in
Caution regarding forward-looking information
This press release contains 'forward looking information' within the meaning of applicable Canadian securities legislation. Forward looking information includes, without limitation, statements regarding progress and timelines related to the indigenous study, the Promissory Note Amendment. Generally, forward looking information can be identified by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved'. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including, but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; other risks of the mining industry and the risks described in the annual information form of the Company. Although the Company 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. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Contact:
Tel: +1 (416) 861-2267
Email: info@belosun.com
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