Mazorro Resources Seeks Opportunities to Diversify Into New Industry Sector
07 May 2014 - 10:30PM
Marketwired
Mazorro Resources Seeks Opportunities to Diversify Into New
Industry Sector
OTTAWA, ONTARIO--(Marketwired - May 7, 2014) - Mazorro Resources
Inc. ("Mazorro" or the "Company") (TSX-VENTURE:MZO)(FRANKFURT:JAM)
announces that it intends to proactively source, evaluate and
conduct due diligence on potential new opportunities including, but
not limited to, opportunities in the agricultural, technology and
resource sectors.
André Audet, President & CEO of Mazorro stated: "Management
of the Company is looking at several opportunities to create
shareholder value. In this regard, we are asking shareholders to
approve a special resolution at the Company's up-coming annual and
special meeting to consolidate the issued and outstanding common
shares of Mazorro on the basis of one new common share for every
two common shares issued and outstanding. The proposed share
consolidation will provide the Company with greater flexibility in
structuring a transaction for any potential new projects."
In the interim, management continues to move forward with its
Monster Lake area property located near Chibougamau, Northwestern
Quebec. A National Instrument 43-101 technical report with respect
to the property was recently filed on SEDAR.
At this time, there are no new transactions in place nor is
there any assurance that the Company will be successful in
concluding a transaction for any new project in the future.
About Mazorro
Mazorro Resources Inc. is a TSX Venture Exchange listed,
Canadian based, precious metals exploration company that is active
in creating value through exploration and development of gold
projects in Quebec. Mazorro currently has 55,514,773 common shares
outstanding.
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 release.
Some statements in this release may contain forward-looking
information. All statements, other than of historical fact, that
address activities, events or developments that the Company
believes, expects or anticipates will or may occur in the future
(including, without limitation, statements regarding potential
mineralization) are forward-looking statements. Forward-looking
statements are generally identifiable by use of the words "may",
"will", "should", "continue", "expect", "anticipate", "estimate",
"believe", "intend", "plan" or "project" or the negative of these
words or other variations on these words or comparable terminology.
Forward-looking statements are subject to a number of risks and
uncertainties, many of which are beyond the Company's ability to
control or predict, that may cause the actual results of the
Company to differ materially from those discussed in the
forward-looking statements. Factors that could cause actual results
or events to differ materially from current expectations include,
among other things, without limitation, failure to establish
estimated mineral resources, the possibility that future
exploration results will not be consistent with the Company's
expectations, changes in world gold markets or markets for other
commodities, and other risks disclosed in the Company's public
disclosure record on file with the relevant securities regulatory
authorities. Any forward-looking statement speaks only as of the
date on which it is made and except as may be required by
applicable securities laws, the Company disclaims any intent or
obligation to update any forward-looking statement.
Andre AudetInterim President & CEO(613) 241-2332
(TSXV:MZO)
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