ENP Newswire -
Release date- 18062014 -
OZ has been Carube's joint venture partner in regard to BGP since
If OZ elects to enter into one or more new joint ventures in regard any of these properties, the joint venture terms for each project will allow OZ to earn a 70% interest in any of the projects by spending
The ARP is composed of two wholly-owned Special Exclusive Prospecting Licenses (SEPLs) covering 104 square kilometres. The licenses are located over mineralized rocks similar to those on Carube's BGP, which is actively being explored by OZ under the Bellas Gate Joint Venture.
At ARP, minor extraction of copper occurred in the mid-1800s with limited exploration beginning in the 1950s. Numerous copper showings and areas of potential gold mineralization have been delineated through prospecting and stream sediment sampling over the last 30 years.
Miocene has received conditional
The terms of the RTO are fully described in Miocene's information circular dated
The Offerings are intended to together raise
EPC is a full-service IIROC registered investment dealer headquartered in
Tel: +1 416-649-4273
Miocene is focused on the exploration of three porphyry copper-gold-molybdenum properties in south-western
The Cascade Magmatic Arc hosts a number of significant porphyry Cu-Au and Mo deposits in
Carube is a Canadian private exploration company focussed on the rapid exploration and development of precious metal and copper projects in
OZ can earn a 70% interest in the
Please visit Miocene's website at www.miocenemetals.com or Carube's website at www.caruberesources.com
President and CEO
DISCLAIMERS AND FORWARD-LOOKING STATEMENTS
This news release contains forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Miocene and Carube (collectively the 'Corporations'), including, without limitation, those listed under 'Risk Factors' and 'Forward-Looking Statements' in Miocene's Management Information Circular dated
Forward-looking information in this news release includes, but is not limited to, information concerning the Corporations' expectations regarding the transaction and contemplated financings. The Corporations caution investors about important factors that could cause actual results to differ materially from those projected in any forward-looking statements included in this news release.
Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and may be forward-looking and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that the expectations set out herein will prove to be correct and accordingly, prospective investors should not place undue reliance on these forward-looking statements.
These statements speak only as of the date of this press release and the Corporations do not assume any obligation to update or revise them to reflect new events or circumstances. The Corporations disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.
Completion of the Combination transaction between Carube and Miocene is subject to a number of conditions, including TSXV acceptance and disinterested shareholder approval. The transaction cannot close until the required shareholder approvals are obtained. There can be no assurance that the transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the information circulars and/or filing statements to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Miocene should be considered highly speculative.
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