As stipulated by the Exchange, the Company will only advance a portion of the proceeds of the financing as a loan to the Company's newly formed subsidiary upon approval by shareholders of the loan and the plan of arrangement to be held in mid-September, 2014.
The Company's subsidiary,
ON BEHALF OF THE BOARD
Dev Randhawa, Chairman & CEO
This press release contains "forward-looking information" Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause PPM's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets; increases in input costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. PPM disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
FOR FURTHER INFORMATION PLEASE CONTACT:
Papuan Precious Metals Corp. Greg Downey1.866.979.7022 email@example.com Source: Papuan Precious Metals Corp.