ENP Newswire -
Release date- 01082014 -
The Company issued 28,572,000 units ('Units') at a price of
In total, the gross proceeds of the Offering amount to
Each Unit is comprised of one common share and one half of one common share purchase warrant (each full warrant, a 'Warrant'). Each Warrant entitles the holder to purchase one common share at an exercise price of
The net proceeds from the Units will be used to advance the
The net proceeds from the FT Shares will be used to incur eligible Canadian Exploration Expenses, as defined under the Tax Act, that will be renounced in favour of the purchasers with an effective date of no later than
Following completion of the Offering,
The FT Shares and the Units have not been and will not be registered under the U.S. Securities Act of 1933 (the '1933 Act'), as amended, or any applicable state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in
A Preliminary Feasibility Study was completed by
Tel: (416) 362-6686
Vice President Exploration
Tel: (604) 688-2001
Tel: (416) 203-1418
Cautionary Statement - Forward-Looking Information
This press release contains certain forward-looking information, including, among other things, statements regarding the use of proceeds of the Offering.
This forward looking information includes, or may be based upon, estimates, forecasts, and statements as to management's expectations with respect to, among other things, the completion of transactions, the issue of permits, the size and quality of mineral resources, future trends for the company, progress in development of mineral properties, future production and sales volumes, capital costs, mine production costs, demand and market outlook for metals, future metal prices and treatment and refining charges, the outcome of legal proceedings, the timing of exploration, development and mining activities, acquisition of shares in other companies and the financial results of the company.
There can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that mineral resources will be converted into mineral reserves.
Hispanic #1 Breaking News for Entrepreneurs, Professionals and Small Business Owners - HispanicBusiness.com
OCTOBER 30, 2014
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