Mazarin Inc.: Announcement
20 March 2008 - 8:02AM
Marketwired
THETFORD MINES, QUEBEC announces that its wholly-owned
subsidiary, 9075-6453 Quebec Inc. was forced to assign all of its
assets in the hands of Raymond Chabot Inc., trustee.
The subsidiary is the owner of the Bell mine in Thetford Mines.
Last August, it had authorized, under certain conditions, 9184-6808
Quebec Inc. (LAB Chrysotile) to operate the mine. At the end of
this month, LAB Chrysotile will cease operations at the Bell
mine.
After considering several avenues, the subsidiary has concluded
that its limited financial resources did not allow it to operate
the mine or to meet its financial obligations on an ongoing
basis.
This press release contains forward-looking statements which
reflect the Company's current expectations regarding future events.
The forward-looking statements involve risks and uncertainties.
Actual results could differ materially from those projected
herein.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Raymond Chabot inc. Jean Robillard 514-393-4764
Mazarin inc. John LeBoutillier 418-338-3669
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