Logan Resources Ltd. (TSX VENTURE:LGR) ("Logan" or the "Company") announces the
termination of the Option Agreement (the "Agreement") dated July 27, 2010,
between the Company and Ridgemont Iron Ore Corp. pursuant to which Logan granted
Ridgemont an option to acquire a minimum of 50% and a maximum of 75% of its
interest in the Redford property. As a result, Logan will retain its 100%
interest in the Redford property located on Vancouver Island, British Columbia.
With the termination of the option agreement, the Company will now evaluate its
strategic options with respect to the Redford property.


About Logan

Logan Resources Ltd. is a mineral exploration company that specializes in
acquiring, exploring and advancing Canadian mineral properties. Logan has a
diversified portfolio of precious metal, base metal and uranium projects. For
more information on the property portfolio and Logan, please visit
www.loganresources.ca.


LOGAN RESOURCES LTD.

On behalf of the Board

Adrian Bray, President & CEO

Cautionary Note Regarding Forward-Looking Information

Information set forth in this news release may involve forward-looking
statements under applicable securities laws. Forward-looking statements are
statements that relate to future, not past, events. In this context,
forward-looking statements often address expected future business and financial
performance, and often contain words such as "anticipate", "believe", "plan",
"estimate", "expect", and "intend", statements that an action or event "may",
"might", "could", "should", or "will" be taken or occur, or other similar
expressions. All statements, other than statements of historical fact, included
herein including, without limitation; statements about the advancement of the
Company's mineral properties are forward-looking statements. By their nature,
forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause our actual results, performance or achievements,
or other future events, to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking
statements. Such factors include, among others, the following risks: the need
for additional financing; operational risks associated with mineral exploration;
fluctuations in commodity prices; title matters; environmental liability claims
and insurance; reliance on key personnel; issues in obtaining required permits;
the potential for conflicts of interest among certain officers, directors or
promoters with certain other projects; the absence of dividends; competition;
dilution; the volatility of our common share price and volume and the additional
risks identified in the management discussion and analysis section of our
interim and most recent annual financial statements or other reports and filings
with applicable Canadian securities regulators. Forward-looking statements are
made based on management's beliefs, estimates and opinions on the date that
statements are made and Logan undertakes no obligation to update forward-looking
statements if these beliefs, estimates and opinions or other circumstances
should change, except as required by applicable securities laws. Investors are
cautioned against attributing undue certainty to forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Logan Resources Ltd.
Konstantine Tsakumis
Investor Relations
604-681-8030 x 232
www.loganresources.ca

Grafico Azioni Logan Resources Ltd. (TSXV:LGR)
Storico
Da Mag 2024 a Giu 2024 Clicca qui per i Grafici di Logan Resources Ltd.
Grafico Azioni Logan Resources Ltd. (TSXV:LGR)
Storico
Da Giu 2023 a Giu 2024 Clicca qui per i Grafici di Logan Resources Ltd.