TSX.V: GBN
SASKATOON, June 30, 2014 /CNW/ - Golden Band Resources Inc.
("Golden Band" or the "Company") (TSX.V-GBN) reports that further
to its news release of December 9,
2013 announcing the suspension of mining operations
(including its operations at the Roy Lloyd and Golden Heart mines and the Jolu mill, operations
will continue to be suspended for an indefinite period of time.
The Company intends to preserve the mining operations in care
and maintenance mode while it conducts ongoing assessments of the
options to return the mining operations to profitability.
The Company still believes the suspension of operations is the
only currently viable option to preserve its limited cash and will
continue to apprise its shareholders of important developments.
On behalf of the Board of Directors of Golden
Band Resources Inc.,
"Paul Saxton"
Paul Saxton, CEO
Caution Regarding Forward-Looking Information and
Statements
This news release includes certain forward-looking statements or
information. All statements other than statements of historical
fact included in this release, including, without limitation,
statements regarding the shutdown and future development and
production plans of Golden Band Resources Inc. (Company) are
forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ
materially from the Company's plans or expectations include risks
relating to the actual results of operations, current exploration
activities, fluctuating gold prices, possibility of equipment
breakdowns and delays, cost overruns, general economic, market or
business conditions, regulatory changes, timeliness of government
or regulatory approvals and other risks detailed herein and from
time to time in the filings made by the Company. The Company makes
all reasonable efforts to update its corporate information on a
timely basis.
Neither 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.
SOURCE Golden Band Resources Inc.