News Column

Brionor Announces Agreement With Xmet on Pitt Gold Will Not Proceed and Extends Deadline to Close the Atala Acquisition

Apr 30 2013 12:00AM

Marketwire

LogoTracker

TORONTO, ONTARIO -- (Marketwired) -- 04/30/13 -- Brionor Resources Inc. ("Brionor" or the "Company") (TSX VENTURE: BNR) announces that it's previously announced agreement ("the Transaction") (see press releases dated May 16, October 1, November 16 and December 17, 2012 for more details on the Transaction) to sell its Pitt Gold Project to Xmet Inc.("Xmet") will not proceed. The parties had until today to complete the Transaction and have elected to not extend this deadline.

The Company also announces that it has agreed with Atala Resources Corp. ("Atala") to extend the deadline to complete the previously announced acquisition of Atala (the "Acquisition") to July 31, 2013 as the agreement between the parties contemplated a closing of the Acquisition on April 30, 2012. As previously disclosed, the completion of the transaction is subject to a number of conditions, including but not limited to, both parties obtaining all necessary approvals, including the required regulatory approvals (see press release dated February 20, 2013 for more details on the Acquisition).

Brionor is a junior mining exploration company with a portfolio of exploration projects in Quebec.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Contacts:
Brionor Resources Inc.
Lewis Lawrick
President & CEO
647-478-5307

Brionor Resources Inc.
Robert Ayotte
Executive Chairman
450-441-9177
info@brionor.com





Source: Marketwire


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters