VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 2, 2014) - La Ronge Gold Corp.(TSX VENTURE:LAR) - Highlights -- La Ronge will retain 22% Equity Stake in return for $1.00 MillionInvestment in Canfrac Sands -- La Ronge Representative will be appointed to the Canfrac Sands Board -- La Ronge to Pursue Acquisitions in the US Frac Sand Market -- La Ronge Board of Directors remain Unchanged
Additionally, La Ronge would like to announce that the Company has been actively searching for, and pursuing, opportunities in the US frac sand market. The Company has identified and is currently evaluating multiple Tier 1 frac sand projects in the
La Ronge is actively engaged in diversifying its mining assets portfolio into sectors other than precious metals. The intent of this strategy is to identify and acquire strategic investments that have the capability to generate cash flow with low capital expenditure costs. This mining asset diversification strategy is limited geographically to
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This News Release includes forward-looking information and statements, which may include, but are not limited to, information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company. Information and statements which are not purely historical fact are forward-looking statements. Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein. Although the Company believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Any forward-looking information and statements herein are made as of the date hereof, and except as required by applicable laws, the Company assumes no obligation and disclaims any intention to update or revise any forward-looking information and statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward-looking information and statements herein, whether as a result of new information, future events or results, or otherwise, except as required by applicable laws.
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La Ronge Gold Corp. Rasool Mohammad, B.Sc. (Mining) President & CEO 604 639-4533 604 685-3765 (FAX) www.larongegold.com Source: La Ronge Gold Corp.