The Company has entered into a share exchange agreement dated
Concurrent Financing
In connection with the Transaction, the Company intends to complete a non-brokered private placement of up to 15,000,000 units of the Company at a price of
The Transaction and the Financing are subject to the satisfaction of customary conditions and the approval of the TSXV and other applicable regulatory authorities. There can be no assurance that the Transaction and Financing will be completed as proposed or at all.
About the Maybrun Property
The Maybrun Property is a past producing mine (Maybrun gold-copper deposit) that was placed on care and maintenance in 1974 for several years prior to an exploration program conducted by
About King's Bay
King's Bay is listed on the NEX Board and intends to reactivate and seek a TSXV Tier 2 listing with the acquisition of
Contact:
Tel: 604 681 1568
Email: Kevin@kingsbayres.com
Cautionary Note Regarding Forward-Looking Information
This news release contains 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-looking statements') within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as 'expects', or 'does not expect', 'is expected', 'anticipates' or 'does not anticipate', 'plans', 'budget', 'scheduled', 'forecasts', 'estimates', 'believes' or 'intends' or variations of such words and phrases or stating that certain actions, events or results 'may' or 'could', 'would', 'might' or 'will' be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements include, without limitation, timely receipt of TSXV and other regulatory approvals for the Transaction and the Financing, satisfaction of all conditions to the Transaction and the Financing, and other risks and uncertainties. Forward-looking statements contained herein are made as of the date of this press release and the Company disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. 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 in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
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