Banks Island Gold Ltd. Not Proceeding on Financing Transaction with Global Resources Investments Ltd.
19 Febbraio 2014 - 12:10AM
Marketwired
Banks Island Gold Ltd. Not Proceeding on Financing Transaction with
Global Resources Investments Ltd.
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 18, 2014) -
Banks Island Gold Ltd. (the "Company") (TSX-VENTURE:BOZ) announces
that it will not be completing the financing transaction with
Global Resources Investments Ltd. (the "GRIL"), previously
announced by news release on January 23rd, 2014. The conditions to
completion of the subscription agreement were not met before the
Long Stop Date of February 14th and the subscription obligation
contemplated by the Subscription Agreement has accordingly
expired.
The Company is a junior mining resource exploration company
focused on exploring for and developing economically viable mineral
resources. The Company's mineral property is located in British
Columbia. For more information, please refer to the Company's
website at www.banksislandgold.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Benjamin W. Mossman, P.Eng, President and Chief
Executive Officer
The TSX Venture Exchange has not reviewed and does not
accept responsibility for the accuracy or adequacy of this release.
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This press release contains forward-looking statements. All
statements, other than statements of historical fact, constitute
"forward-looking statements" and include any information that
addresses activities, events or developments that the Company
believes, expects or anticipates will or may occur in the future
including the Company's strategy, plans or future financial or
operating performance and other statements that express
management's expectations or estimates of future
performance.
Forward-looking statements are generally identifiable by the
use of the words "may", "will", "should", "continue", "expect",
"anticipate", "estimate", "believe", "intend", "plan" or "project"
or the negative of these words or other variations on these words
or comparable terminology. These statements, however, are subject
to known and unknown risks, uncertainties and other factors that
may cause the actual results, level of activity, performance or
achievements of the Company to be materially different from those
expressed, implied by or projected in the forward-looking
information or statements. Important factors that could cause
actual results to differ from these forward-looking statements
include but are not limited to: risks related to the exploration
and potential development of the Company's project, the actual
results of current exploration activities, conclusions of economic
evaluations, changes in project parameters as plans continue to be
refined, future prices of gold, as well as those factors discussed
in the sections relating to risk factors of the Company prospectus
dated September 30, 2011 filed on SEDAR.
There can be no assurance that any forward-looking
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, the reader should not place any undue
reliance on forward-looking information or statements. Except as
required by law, the Company does not intend to revise or update
these forward-looking statements after the date of this document or
to revise them to reflect the occurrence of future unanticipated
events.
Banks Island Gold Ltd.Benjamin W. MossmanPresident and Chief
Executive Officer604-245-0066www.banksislandgold.com
Grafico Azioni Banks Island Gold Ltd. (TSXV:BOZ)
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Grafico Azioni Banks Island Gold Ltd. (TSXV:BOZ)
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Da Giu 2023 a Giu 2024