Hemlo Explorers Announces Sale of Hawkins Gold Royalty
23 December 2023 - 4:00AM
Hemlo Explorers Inc. (the “Company”) (TSXV: HMLO) announced today
the sale of its 0.5% net smelter return (“NSR”) royalty on the
Hawkins Gold Project, currently being explored under option by
E2Gold Inc., to Vox Royalty Corp. (NASDAQ: VOXR, TSX: VOXR) for
gross cash proceeds of C$100,000. The NSR royalty was not
considered a core asset of the Company.
About Hemlo Explorers Inc.
Hemlo Explorers is a Canadian-based mineral
exploration company with a portfolio of properties in Ontario and
Nunavut. We are focused on generating shareholder value through the
advancement of our main Hemlo area projects, including Project
Idaho, the Pic Project (under option to Barrick Gold Inc.) and the
North Limb.
About Vox Royalty Corp.
Vox is a returns focused mining royalty company
with a portfolio of over 60 royalties and streams spanning eight
jurisdictions. The Company was established in 2014 and has since
built unique intellectual property, a technically focused
transactional team and a global sourcing network. Since the
beginning of 2020, Vox has announced over 25 separate transactions
to acquire over 50 royalties. Further information on Vox can be
found at www.voxroyalty.com.
For more information please contact:
Brian Howlett, President & CEOHemlo
Explorers Inc.brian@hemloexplorers.ca 1 (647) 227-3035
http://www.hemloexplorers.ca
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Forward-Looking Information
Certain information set forth in this news
release may contain forward-looking statements that involve
substantial known and unknown risks and uncertainties, including,
but not limited to, the Offering, the use of proceeds, and the
Company’s plans with respect to the exploration and development of
its properties. These forward-looking statements are subject to
numerous risks and uncertainties, certain of which are beyond the
control of Hemlo Explorers Inc., including, but not limited to, the
impact of general economic conditions, industry conditions,
volatility of commodity prices, risks associated with the
uncertainty of exploration results and estimates, currency
fluctuations, dependency upon regulatory approvals, the uncertainty
of obtaining additional financing, exploration risk and Covid-19
pandemic related orders. Readers are cautioned that the assumptions
used in the preparation of such information, 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 Company does not undertake to
update any forward-looking statements, except in accordance with
applicable securities laws.
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