On
The Transaction is an arm's length transaction for purposes of the policies of the TSXV and the Company has confirmed that the TSXV has determined that the Transaction is a 'Fundamental Acquisition' pursuant to Policy 5.3 - Acquisitions and Dispositions of Non-Cash Assets of the TSXV's Corporate Finance Manual and is reviewable on that basis. The Company had initially applied for the Transaction to be approved as an 'Expedited Acquisition', defined under Policy 5.3.
In connection with the TSXV's review, the Company intends to submit a technical report prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (the 'Technical Report'). Completion of the Transaction will be subject to the TSXV's satisfactory review of the Technical Report, as well as the completion of all other TSXV conditions and the closing conditions of the Definitive Agreement.
The Vendor has entered into an option agreement with 1Life
'We are excited to begin work to complete the transaction of the Nemaska2 Property. Completing the Technical Report will add valuable information to the Company which will help direct us favourably upon the anticipated completion of the acquisition', stated
About the Nemaska Property
The 3,040-hectare Nemaska Property is located adjacent to
The Nemaska2 Property hosts at least 20 white pegmatite outcrops, most over 900-1000 meters squared and consistent with that of the
Contact:
Chief Executive Officer
E: rob@brigadiergold.ca
T: (604) 424-8131
Neither the
Forward-Looking Information Cautionary Statement
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as 'intends' or 'anticipates', or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'should', 'would' or 'occur'. Forward-looking statements include those relating to the preparation of the Technical Report and completion of the Transaction as proposed or obtaining TSXV approval for the Transaction, as there is no assurance the Transaction will be completed as planned or at all. The Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to Company's ability to complete all payments and expenditures required under its mineral property option agreements; and other risks and uncertainties relating to the actual results of current exploration activities; the possibility that future exploration, development or mining results will not be consistent with adjacent properties and the Company's expectations; operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); environmental and regulatory requirements; availability of permits, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, political risks, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks involved in the mineral exploration industry, and those risks set out in the filings on SEDAR made by the Company with securities regulators. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, other than as required by applicable securities legislation.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in
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