ENP Newswire -
Release date- 22052014 -
Both the non flow-through unit ('NFT Unit') and the flow-through unit ('FT Unit') at a price of
Each whole share purchase Warrant will entitle the holder to purchase one common share of the Company at a price of
The Company also reports that as mentioned in the previously announced Option Agreement with
The proceeds of this private placement will be used for potential acquisitions, investments and general working capital. The private placement and any finder's fees payable are subject to regulatory approval.
Kasala copper/cobalt project, (DRC)
One of the newest copper discoveries in the Central African Copperbelt,
Kasala Prospect mineralization zone is open to expansion by drilling to the north, south and west, and to depth. As drilled, the Kasala Prospect oxide zone measures ~600m long x 400m wide x 30m thick. It is very important to note that many 2008 drill holes ended in copper oxide mineralization and to note that adjacent blocks are under explored.
To date, more than 28,000 metres of drilling has been completed on the
The results of the PEA demonstrate the potential technical and economic viability of establishing a new mine and mill complex on the Murray Brook property. The projected cash flows indicate an after-tax NPV at a 5% discount rate of
The BOJV project consists of 4712 claims owned 50% ELN and 50%
Chairman & CEO
Tel: +1 604 685 1870
Fax: +1 604 685 8045
Cautionary Note Regarding Forward Looking Statements
This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements.
In addition, forward-looking statements include statements in which the Company uses words such as 'continue', 'efforts', 'expect', 'believe', 'anticipate', 'confident', 'intend', 'strategy', 'plan', 'will', 'estimate', 'project', 'goal', 'target', 'prospects', 'optimistic' or similar expressions.
These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company's ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements.
The Company does not undertake any obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.
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