THETFORD MINES, QC,
March 10, 2021 /CNW Telbec/ - Mazarin
Inc. (TSXV: MAZ.H) and its subsidiary, Asbestos Corporation Limited
(TSXV: AB.H), announce the acquisition by Asbestos Corporation of
land, serpentine tailings and buildings that constitute the former
Carey mine located in the des Appalaches and Robert-Cliche regional
county municipalities as well as an agreement in principle for the
acquisition of the adjacent land and serpentine ore deposits that
form part of the same package. The purchase price of these
properties, including accessory and start-up costs, is in the order
of $900,000. On the one hand, the
objective is to support and accelerate the development of a
privately-owned company based in Thetford
Mines whose mission is to produce and commercialize products
by means of an innovative process and of which Asbestos Corporation
will become a shareholder. On the other hand, the acquisition of
the adjacent property will facilitate the development of projects
which would feed off the serpentine tailings.
"As the owner of several serpentine ore tailings in the
Thetford Mines region, Asbestos
Corporation sees itself as the promoter of strategic alliances
based upon the beneficiation of metals and minerals contained in
the serpentine tailings while, at the same time, fostering a
circular economy and the removal of asbestos from these tailings,"
said Mr. Guy Bérard, President of both corporations.
Mazarin Inc. and Asbestos Corporation Limited are two natural
resource companies whose focus in on the development of industrial
minerals in order to provide value-added products that meet the
criteria of customers worldwide with regard to performance and
economic and ecological concerns. Mazarin's shares trade on the NEX
Board of TSX Venture Exchange under the stock symbol MAZ.H.
Asbestos Corporation Limited's shares trade on the NEX Board of TSX
Venture Exchange under the stock symbol AB.H.
FORWARD-LOOKING STATEMENTS: This press release contains
forward-looking statements that address future events and
conditions, which are subject to various risks and uncertainties.
Actual results could differ materially from those anticipated in
such forward-looking statements as a result of numerous factors,
some of which may be beyond the Corporation's control. These
factors include: general market and industry conditions, risks
related to commissioning, to continuous operations and to
commercialization of new technologies and other risks disclosed in
the Corporation's filings with Canadian Securities
Administrators.
Forward-looking statements are based on the expectations and
opinions of the Corporation's management as of the date of this
press release. The assumptions used in the preparation of such
statements, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on forward-looking statements. The Corporation
does not undertake any obligation to update such forward-looking
information, whether as a result of new information, future events
or otherwise, except as required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Mazarin Inc.