VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/04/13 -- Sundance Minerals Ltd. ("Sundance" or the "Company") announced that it has applied to the British Columbia Securities Commission, the Alberta Securities Commission and the Ontario Securities Commission (the "Securities Regulatory Authorities") for a decision to cease to be a reporting issuer in British Columbia, Alberta and Ontario. If the Securities Regulatory Authorities grant such a decision, the Company will no longer be a reporting issuer in any jurisdiction in Canada and the outstanding securities of Sundance will be subject to restrictions on resale under applicable securities laws, which include that a first trade of such securities is a distribution unless Sundance is a reporting issuer in a jurisdiction in Canada at the time of the trade.
Sundance Minerals is an exploration company currently focusing on precious and base metal projects in Mexico and the United States. Our mission is to create and sustain shareholder value by developing a balanced portfolio of exploration targets in known districts. Sundance has a portfolio of 14 properties in Mexico and one in Nevada, most of which are available for JV's. Technical information including geology, geochemistry, and geophysics is available for all of them. Five out of the 15 properties have historic drill holes. Leading properties are Miranda and San Ricardo gold projects in Sonora, Los Tamales (Cu) in Sonora, as well as Geranio and Lachatao gold projects in the Natividad mining district in Oaxaca, Mexico.
Certain statements in this News Release constitute "forward looking statements" that reflect the Company's current expectations and projections about its future results. Forward- looking statements involve various risks and uncertainties and are based on certain factors and assumptions. 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. Important factors that could cause actual results to differ materially from the Company's expectations include the failure of the Securities Regulatory Authorities to grant the requested decision document, the continued participation of the respective joint venture partner at the Los Tamales project and the San Ricardo project, the need to obtain additional financing or to sell or joint venture other property interests on terms acceptable to the Company in order to maintain its interest in and/or explore and develop the Company's other mineral projects; and other factors of the mineral exploration industry more fully described in the Company's Management Discussion & Analysis of Financial Position and Results of Operations, which is available on SEDAR at www.sedar.com. The assumptions made in developing the forward-looking statements include the following: the issuance by the Securities Regulatory Authorities of the requested decision document, the continued participation of the respective joint venture partner at the Los Tamales project and the San Ricardo project, and the ability of the Company to obtain additional funding or to sell or joint venture some of its property interests on terms acceptable to the Company. Readers are cautioned not to place undue reliance on the forward-looking statements contained in this press release. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or any other reason.
Sundance Minerals Ltd.
+1 (520) 906-6633
Most Popular Stories
- Alabama House Speaker Arrested on Felony Ethics Charges
- 'Fury' Blows 'Gone Girl' Out of the Box Office
- Microsoft's Cloud Platform Shines
- Turkey to Help Kurds Reach Fight in Kobani
- German Intelligence Blames Ukraine Rebels for MH17
- ISIS Seeks to Expand Terror War
- Perez Leads Push for Obama's Job Proposals
- 2016 Camaro Shrinks, Moves to Caddy Platform
- Prius Drivers Battle Stereotypes
- Clinton Rallies Early Vote for Landrieu