ENP Newswire -
Release date- 27082014 -
The agreement is collateralized by mobile and selected surface equipment at the Company's wholly owned subsidiary,
Advances from this loan agreement will be used to complete the ongoing I Bed development programs at the Troy Mine in northwest
The company has mutually agreed to terminate, effective
The opportunity to leverage the Company's solid asset base demonstrates confidence in our future 12-year life-of-mine plan. This transaction was made possible by the excellent development work done to date by our employees at the Troy Mine and by our long and valued relationship with our equipment supplier.'
Tel: (509) 921-2294
Except for the statements of historical fact contained herein, the information presented in this news release may contain 'forward-looking statements' within the meaning of applicable Canadian securities legislation and The Private Securities Litigation Reform Act of 1995.
Generally, these forward looking statements can be identified by the use of forward-looking terminology such as 'plans', 'expects', or 'does not expect', 'is expected', 'is not expected', 'budget', 'schedule', 'estimates', 'forecasts', 'intends', 'anticipates', ' does not anticipate' or 'believes' or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved'.
Forward-looking statements contained in this news release include but are not limited to those relating to the possibility of resuming limited production in the fourth quarter of 2014 and full production by mid-2015, our ability to develop the I Bed deposit at Troy including having the financial capability to do so, as well as our ability to achieve a 12 year life-of-mine plan at
Forward looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business and economic uncertainties, risks and contingencies and those factors discussed in the section entitled 'Risk Factors' in the Company's Form 10-K filed on
Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
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