Malbex Q1 Update
28 February 2014 - 9:06AM
Marketwired
Malbex Q1 Update
TORONTO, ONTARIO--(Marketwired - Feb 27, 2014) - Malbex
Resources Inc. (TSX-VENTURE:MBG) has filed its financial statements
and MD&A for the quarter ended December 31, 2013 on SEDAR
(www.sedar.com). As of December 31, 2013, Malbex had negative
working capital of $0.5 million and cash-on-hand of $0.28 million
compared with negative working capital of $0.3 million and
cash-on-hand of $0.44 million at September 30, 2013.
About Malbex
Malbex is a gold
exploration company led by experienced management and directors
with projects in Argentina. In April 2010, Malbex made a
near-surface, gold- silver oxide discovery at Del Carmen, its lead
project in Argentina.
The Del Carmen
project is located in the El Indio Gold Belt, which contains more
than 35 million ounces of gold in current reserves and past
production, including Barrick's Veladero mine and Pascua-Lama
project. For more information, please visit www.malbex.ca.
CAUTIONARY STATEMENT
REGARDING FORWARD-LOOKING INFORMATION: This news release includes
certain information that may constitute "forward-looking
information" under applicable Canadian securities legislation.
Forward-looking information includes, but is not limited to,
statements about closing of the private placement and joint venture
transaction with Barrick and obtaining consent from IPEEM for the
transfer of the Exploration Agreement. Forward-looking information
is necessarily based upon a number of estimates and assumptions
that, while considered reasonable, are subject to known and unknown
risks, uncertainties, and other factors which may cause the actual
results and future events to differ materially from those expressed
or implied by such forward-looking information, including the risks
identified in the Malbex's annual information form under the
heading "Risk Factors". There can be no assurance that such
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
information. Accordingly, readers should not place undue reliance
on forward-looking information. All forward-looking information
contained in this press release is given as of the date hereof and
is based upon the opinions and estimates of management and
information available to management as at the date hereof. Malbex
disclaims any intention or obligation to update or revise any
forward-looking information, whether as a result of new
information, future events or otherwise, except as required by
law.
Neither the
TSX-V nor its Regulation Services Provider (as that term is defined
in the policies of the TSX- V) accepts responsibility for the
adequacy or accuracy of this release.
Malbex Resources Inc.Joe HamiltonPresident and Chief Executive
Officer(416) 628-0215ir@malbex.cawww.malbex.ca
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