ENP Newswire -
Release date- 24042014 -
The Company also provided an update on permitting and project financing, with both processes advancing well and on track for completion in the second and third quarter of 2014, respectively.
Augusta's President and CEO,
For further details on the strategic review process, permitting and project financing please see Augusta's April 2014Presentation available here or on the Company's website at www.augustaresource.com under the HudBay Offer page.
Strategic Review Process
The strategic review process initiated by Augusta in response to the unsolicited offer from
Augusta is in the final stages for the two outstanding federal regulatory approvals required to commence construction at its
The USFS continues to work on responses to the approximately 100 comments and objections received on the draft Record of Decision during the objection period which concluded on
In other permitting matters, on
Project Financing Update
Following the execution of a project financing mandate letter signed in
The project financing package is part of Augusta's financing plan for the construction of
The initial proceeds from the
The availability of the
Vote for Continuation of Shareholder Rights Plan
Shareholders are reminded to vote their proxy FOR the continuation of the shareholder rights plan. Augusta urges shareholders to submit their proxies for the shareholders meeting to consider the continuance of the shareholder rights plan prior to
For assistance in voting, shareholders can contact
Reject HudBay's Offer - No Action Required
To REJECT HudBay's offer no action is required on the part of shareholders. The Board of Directors' recommendation that Augusta shareholders REJECT HudBay's unsolicited offer and NOT TENDER their Augusta shares thereto, as well as a more detailed discussion of the reasons for rejecting HudBay's offer is set forth in the Directors' Circular issued by the Board of Directors that was mailed to Augusta's shareholders and filed with securities regulatory authorities.
Shareholders are advised to read the Directors' Circular carefully and in its entirety, as it contains important information regarding Augusta, HudBay and HudBay's offer. The Directors' Circular is available on SEDAR at www.sedar.com and on Augusta's website at www.augustaresource.com.
How to Withdraw
If you have already tendered your Augusta shares to HudBay's offer, you can withdraw your shares by contacting your broker or
Augusta is a base metals company focused on advancing the Rosemont Copper deposit near
Cautionary Statements Regarding Forward Looking Information
Certain of the statements made and the information contained in this news release constitutes 'forward-looking statements' under
Such forward-looking statements and forward-looking information include, but are not limited to statements concerning Augusta's plans at the
Forward-looking statements or information is frequently, but not always, characterized by words such as 'will', 'plan', 'expect', 'project', 'intend', 'believe', 'anticipate', 'budget', 'forecast', 'schedule', 'estimate' and similar expressions, or statements that certain events or conditions 'may', 'should', 'could', 'might' or 'will' occur. The forward-looking statements or information contained in this news release is based on the reasonable expectations and beliefs of management and involves numerous assumptions, known and unknown risks and uncertainties, both general and specific to Augusta and the industry in which the Company operates.
Such assumptions, risks and uncertainties include, but are not limited to Augusta's history of losses, requirements for additional capital, dilution, loss of material properties, interest rate increases, global economy, no history of production, speculative nature of exploration activities, periodic interruptions to exploration, development and mining activities, environmental hazards and liability, industrial accidents, failure of processing and mining equipment, labour disputes, supply problems, commodity price fluctuations, uncertainty of production and cost estimates, the interpretation of drill results and the estimation of mineral resources and reserves, legal and regulatory proceedings and community actions, title and tenure matters, regulatory restrictions, permitting and licensing, volatility of the market price of the Company's common shares, insurance, competition, hedging activities, currency fluctuations, loss of key employees, as well as those factors disclosed in Augusta's documents filed from time to time with the securities regulators in the provinces of
Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results, performance or achievements of the Company, or industry results, may vary materially from those described in this presentation. For further details, reference is made to the risk factors discussed or referred to in Augusta's annual and interim management's discussion and analyses and Annual Information Form on file with the Canadian securities regulatory authorities and available under Augusta's issuer profile on SEDAR at www.sedar.com.
Although Augusta has attempted to identify important factors that could cause actual actions, events, results, performance or achievements to differ materially from those described in the forward-looking statements or information contained in this news release, there may be other factors that cause actions, events, results, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
Such forward-looking statements and information are made or given as at the date of this news release and Augusta disclaims any intention or obligation to update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, except as required under applicable securities law. The reader is cautioned not to place undue reliance on forward-looking statements or information.
Tel: (416) 860 6310
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