TSX-V: ARL.P
/NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION
IN THE UNITED STATES. THIS NEWS
RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF
AN OFFER TO BUY ANY OF THE SECURITIES IN THE UNITED STATES. THE SECURITIES HAVE NOT
BEEN AND WILL NOT BE REGISTERED UNDER THE
UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "U.S.
SECURITIES ACT") OR ANY STATE SECURITIES LAWS AND MAY NOT BE
OFFERED OR SOLD WITHIN THE UNITED
STATES OR TO U.S. PERSONS UNLESS REGISTERED UNDER THE U.S.
SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS OR AN EXEMPTION
FROM SUCH REGISTRATION IS AVAILABLE. THIS NEWS RELEASE DOES NOT
CONSTITUTE AN OFFER OR SALE OF SECURITIES IN THE UNITED STATES./
TORONTO, Dec. 21,
2023 /CNW/ - Aurum Lake Mining
Corporation ("Aurum" or the "Company") is
pleased to announce that further to its news releases of
December 21, 2022, November 8, 2023, December
4, 2023 and December 6, 2023,
it has filed a filing statement for its previously announced
qualifying transaction (the "Qualifying Transaction") that
is dated effective December 21, 2023
(the "Filing Statement") with the TSX Venture Exchange (the
"TSXV") and on the Company's SEDAR+ profile
at www.sedarplus.ca. Additional information in respect of the
Qualifying Transaction and the Company can be found in the Filing
Statement.
The Qualifying Transaction remains subject to the final approval
of the TSXV and satisfaction of closing conditions customary for
transactions of this nature. The Company, upon and subject to
completion of the Qualifying Transaction (the "Resulting
Issuer"), will continue under the name "Aurum Lake Mining
Corporation" and trade on the TSXV under the symbol "ARL". Final
acceptance of the Qualifying Transaction will occur upon the
issuance of a final exchange bulletin (the "Exchange
Bulletin") which will provide disclose the proposed date on
which the Company's common shares will resume trading. Until such
time, in accordance with the policies of the TSXV, the Company's
common shares are currently halted from trading and will remain so
until such time as required by TSXV policies.
Cautionary Note
Completion of the Qualifying Transaction is subject to a number
of conditions including, without limitation, the receipt of all
requisite regulatory approvals (including the approval of the TSXV)
and other conditions that are customary for a transaction of this
nature. Where applicable, the Qualifying Transaction cannot close
until the required approvals have been obtained. There can be no
assurance that the Qualifying Transaction will be completed as
proposed or at all.
Investors are cautioned that, except as disclosed in the
continuous disclosure document containing full, true and plain
disclosure regarding the Qualifying Transaction, required to be
filed with the securities regulatory authorities having
jurisdiction over the affairs of the Company, any information
released or received with respect to the Qualifying Transaction may
not be accurate or complete and should not be relied upon.
The trading in the securities of the Company on the TSXV, if
reinstated prior to completion of the Qualifying Transaction,
should be considered highly speculative.
About Aurum Lake Mining
Corporation
Subject to final acceptance by the TSXV of the Qualifying
Transaction, the Company will no longer be a capital pool company
and will be classified as a Tier 2 mining issuer pursuant to the
policies of the TSXV.
Completion of the Qualifying Transaction is subject to a
number of conditions, including, but not limited to, TSXV
acceptance and, if applicable pursuant to TSXV requirements,
majority of the minority shareholder approval. Where applicable,
the Qualifying Transaction cannot close until the required
shareholder approval is obtained. There can be no assurance that
the Qualifying Transaction will be completed as proposed or at
all.
Investors are cautioned that, except as disclosed in the
management information circular or filing statement to be prepared
in connection with the Qualifying Transaction, any information
released or received with respect to the Qualifying Transaction may
not be accurate or complete and should not be relied upon. Trading
in the securities of a capital pool company should be considered
highly speculative.
Neither TSX Venture Exchange nor its Regulations Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
Forward-Looking
Statements
This press release contains forward-looking statements and
information that are based on the beliefs of management and reflect
Aurum's current expectations. When used in this press release, the
words "estimate", "project", "belief", "anticipate", "intend",
"expect", "plan", "predict", "may" or "should" and the negative of
these words or such variations thereon or comparable terminology
are intended to identify forward-looking statements and
information. The forward-looking statements and information in this
press release include information relating to the completion of the
Qualifying Transaction and receiving approvals for the closing of
the Qualifying Transaction. Such statements and information reflect
the current view of Aurum. Risks and uncertainties that may cause
actual results to differ materially from those contemplated in
those forward-looking statements and information.
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: there is no assurance that Aurum will obtain all
requisite approvals for the Qualifying Transaction or fulfill all
the conditions and obligations required for the completion of the
Qualifying Transaction, including the approval of the TSXV. There
are a number of important factors that could cause Aurum's actual
results to differ materially from those indicated or implied by
forward-looking statements and information. Such factors include,
among others: currency fluctuations; limited business history of
Aurum; disruptions or changes in the credit or security markets;
disruption of results of operation activities and development of
the Homathko Property; unanticipated costs and expenses; and
general market and industry conditions.
Aurum cautions that the foregoing list of material factors is
not exhaustive. When relying on Aurum's forward-looking statements
and information to make decisions, investors and others should
carefully consider the foregoing factors and other uncertainties
and potential events. Aurum has assumed that the material factors
referred to in the previous paragraph will not cause such
forward-looking statements and information to differ materially
from actual results or events. However, the list of these factors
is not exhaustive and is subject to change and there can be no
assurance that such assumptions will reflect the actual outcome of
such items or factors.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS
RELEASE REPRESENTS THE EXPECTATIONS OF AURUM AS OF THE DATE OF THIS
PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH
DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING
INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY
OTHER DATE. WHILE AURUM MAY ELECT TO, IT DOES NOT UNDERTAKE TO
UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED
IN ACCORDANCE WITH APPLICABLE LAWS.
This press release is not an offer of the securities for sale
in the United States. The
securities have not been registered under the U.S. Securities Act
of 1933, as amended, and may not be offered or sold in the United States absent registration or an
exemption from registration. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy
nor shall there be any sale of the securities in any state in which
such offer, solicitation or sale would be unlawful.
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 press release.
SOURCE Aurum Lake Mining Corporation
