Razore Rock Announces Amendment to the Option Agreement Relating to the Oxford Lake Gold Property
01 March 2014 - 8:53AM
Marketwired Canada
Razore Rock Resources Inc. ("Razore Rock" or the "Company") (CSE:RZR) is pleased
to announce that, further to its Press Release of December 30, 2013 relating to
the acquisition of its option of the Oxford Lake Gold Property, Alto Ventures
Ltd. ("Alto Ventures") has agreed to a reduction in the minimum expenditure
required in the first year of the agreement to $60,000 (the "Minimum
Expenditure"), being the funds actually required to keep the mineral exploration
licenses comprising part of the Property in good standing, and an extension of
the date by which Razore Rock must notify Alto Ventures of its commitment to
make the Minimum Expenditure to March 28, 2014.
Razore Rock is undertaking a non-brokered financing to raise up to $1,550,000 to
fund the initial exploration of the Oxford Lake Gold Property and to provide the
Company with working capital (reference is made to the Press Release dated
February 14, 2014 for particulars of the Offering).
Bill Jonstone, Corporate Secretary, commented, "We appreciate Alto Ventures'
co-operation in providing Razore Rock with additional time to complete its
proposed financing announced on February 14, 2014. As interest in the junior
resource sector builds in anticipation of the 2014 Prospectors and Developers
Association of Canada conference, Razore Rock hopes to be able to attract some
attention to its exciting Oxford Lake Gold Project."
Razore Rock will be exhibiting a banner and some information on the Company at
the Canadian Securities Exchange booths 2542 and 2544 at the Metro Toronto
Convention Centre on Sunday, March 2, 2014 from 10:00 a.m. to 5:30 p.m. We hope
to see you there.
About Razore Rock Resources Inc.
Razore Rock Resources Inc. is a mineral exploration company focused on the
acquisition, exploration and development of mineral resources, primarily gold,
in Manitoba. Razore Rock holds an option to earn up to a 60% working interest in
the 35,300 ha Oxford Lake Gold Property in central Manitoba, which hosts an
historic gold deposit, as well as a 100% interest in five mining claim blocks
(the Duff Claims Property) in the Sourdough Bay and Mikanagan Faults Area, Flin
Flon District, Manitoba.
Cautionary Note Regarding Forward-Looking Statements: This Press Release
contains forward-looking statements that involve risks and uncertainties, which
may cause actual results to differ materially from the statements made. When
used in this Press Release, the words "may", "would", "could", "will", "intend",
"plan", "anticipate", "believe", "estimate", "expect" and similar expressions
are intended to identify forward-looking statements. Such statements reflect our
current views with respect to future events and are subject to risks and
uncertainties. Many factors could cause our actual results to differ materially
from the statements made, including those factors discussed in filings made by
us with the Canadian securities regulatory authorities. Should one or more of
these risks and uncertainties, such as actual results of current exploration
programs, the general risks associated with the mining industry, the price of
gold and other metals, currency and interest rate fluctuations, increased
competition and general economic and market factors, occur or should assumptions
underlying the forward looking statements prove incorrect, actual results may
vary materially from those described herein as intended, planned, anticipated,
or expected. We do not intend and do not assume any obligation to update these
forward-looking statements, except as required by law. The reader is cautioned
not to put undue reliance on such forward-looking statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
Razore Rock Resources Inc.
Bill Johnstone
Corporate Secretary
(416) 865-6605
Razore Rock Resources Inc.
Gary F. Zak
Vice President, Corporate Development
(604) 802-7551
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