The Common Shares will be issued on a private placement basis pursuant to exemptions from applicable Canadian, U.S. and international securities laws and will be subject to a four-month and one day hold period from the closing date of the Private Placement.
The Corporation intends to use the net proceeds of the Private Placement to fund a 3rd party engineering report, legal and other costs in respect of a possible acquisition of properties in
The Private Placement is expected to close at one or more closings commencing in mid July 2014. However, completion is subject to certain conditions, including approval of the NEX Board of the
Advisory Regarding Forward-Looking Statements
This press release contains certain forward-looking statements and forward-looking information (collectively referred to as "forward looking statements") within the meaning of Canadian securities laws. All statements other than statements of historical fact are forward-looking statements. Forward-looking information typically contains statements with words such as "anticipate", "believe", "plan", "continuous", "estimate", "expect", "may", "will", "project", "should" or similar words suggesting future outcomes. In particular, this press release contains forward-looking statements pertaining to: the Private Placement, including: timing of the closing the ability to enter into definitive agreements establishing the joint venture; timing of closing of the joint venture transaction; the characteristics of the Anticosti properties and associated resources; a, the use of proceeds, business plans and strategies.
Undue reliance should not be placed on forward-looking statements, which are inherently uncertain, are based on estimates and assumptions, and are subject to known and unknown risks and uncertainties (both general and specific) that contribute to the possibility that the future events or circumstances contemplated by the forward-looking statements will not occur. There can be no assurance that the plans, intentions or expectations upon which forward-looking statements are based will in fact be realized. Actual results will differ, and the difference may be material and adverse to
Forward-looking statements are based on the terms of the letter of intent and
The forward-looking statements contained in this press release are made as of the date hereof and
Most Popular Stories
- Rackspace Ends Talks About Possible Acquisition
- Mercedes Rolls Out S550 Plug-in Hybrid
- Missouri GM Plant Adding 750 jobs
- Poverty Rate Drops for First Time Since 2006
- Cedeno Named USHCC Businessman of the Year
- Aaron Hernandez: I Felt Helpless to Refuse Police
- Kohl's Hiring 67,000 for the Holidays
- Can Kobach Keep Taylor's Name on Ballot?
- Family Dollar Spurning Bid From Dollar General
- Anheuser-Busch, Visa Voice NFL Disapproval