Angus Ventures Acquires Claims
06 July 2020 - 9:30PM
ANGUS
VENTURES
INC. (TSX-V: GUS)
(“
Angus” or the
“
Company”
) is pleased to announce
that it has entered into an asset purchase agreement (the
“
Agreement”) pursuant to which the Company will
acquire 17 claims in the Mishibishu Greenstone Belt, Ontario (the
“
Claims”) .
Under the terms of the Agreement, the vendor of
the Claims (the “Vendor”) will receive a cash
payment of $50,000 and will be issued 225,000 common shares of
Angus (“Common Shares”) in exchange for 100%
ownership in the Claims. The Vendor will maintain a 2% net smelter
return royalty on production from the Claims, 50% of which can be
purchased by the Company for $500,000.
The acquisition of the Claims is subject to
approval of the TSX Venture Exchange and the Common Shares issuable
in connection therewith will be subject to the statutory four
months and a day hold period.
About Angus Ventures:Angus
Ventures is a Canadian gold exploration company with a
205-square-kilometres land package located in north-central Ontario
approximately 50 kilometres west of the town of Wawa and lies
between Wesdome Gold Mines’ two producing mines.
For more information, please
contact:Patrick LangloisAngus Ventures
Inc.info@angusgold.com
Forward-Looking Statements
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. This News Release includes certain
"forward-looking statements" which are not comprised of historical
facts. Forward-looking statements include estimates and statements
that describe the Company’s future plans, objectives or goals,
including words to the effect that the Company or management
expects a stated condition or result to occur. Forward-looking
statements may be identified by such terms as “believes”,
“anticipates”, “expects”, “estimates”, “may”, “could”, “would”,
“will”, or “plan”. Since forward-looking statements are based on
assumptions and address future events and conditions, by their very
nature they involve inherent risks and uncertainties. Although
these statements are based on information currently available to
the Company, the Company provides no assurance that actual results
will meet management’s expectations. Risks, uncertainties and other
factors involved with forward-looking information could cause
actual events, results, performance, prospects and opportunities to
differ materially from those expressed or implied by such
forward-looking information. Forward looking information in this
news release includes, but is not limited to, the Company’s
objectives, goals or future plans, statements, exploration results,
potential mineralization, the estimation of mineral resources,
exploration and mine development plans, timing of the commencement
of operations and estimates of market conditions. Factors that
could cause actual results to differ materially from such
forward-looking information include, but are not limited to: the
ability to anticipate and counteract the effects of COVID-19
pandemic on the business of the Company, including without
limitation the effects of COVID-19 on the capital markets,
commodity prices supply chain disruptions, restrictions on labour
and workplace attendance and local and international travel,
failure to receive requisite approvals in respect of the
Transaction, failure to identify mineral resources, failure to
convert estimated mineral resources to reserves, the inability to
complete a feasibility study which recommends a production
decision, the preliminary nature of metallurgical test results,
delays in obtaining or failures to obtain required governmental,
environmental or other project approvals, political risks,
inability to fulfill the duty to accommodate First Nations and
other indigenous peoples, uncertainties relating to the
availability and costs of financing needed in the future, changes
in equity markets, inflation, changes in exchange rates,
fluctuations in commodity prices, delays in the development of
projects, capital and operating costs varying significantly from
estimates and the other risks involved in the mineral exploration
and development industry, and those risks set out in the Company’s
public documents filed on SEDAR. Although the Company believes that
the assumptions and factors used in preparing the forward-looking
information in this news release are reasonable, undue reliance
should not be placed on such information, which only applies as of
the date of this news release, and no assurance can be given that
such events will occur in the disclosed time frames or at all. The
Company disclaims any intention or obligation to update or revise
any forward-looking information, whether as a result of new
information, future events or otherwise, other than as required by
law.
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