Pacific Iron Ore Corporation Update on Sale of Vancouver Island Iron Ore Properties
04 April 2014 - 1:17PM
Marketwired
Pacific Iron Ore Corporation Update on Sale of Vancouver Island
Iron Ore Properties
CALGARY, ALBERTA--(Marketwired - Apr 3, 2014) - Pacific Iron Ore
Corporation (TSX-VENTURE:POC) (the "Corporation") is pleased to
announce that it has recently received an additional payment of $1
million (now $3.5 million total) in connection with the sale of its
interests in the Pearson Project on Vancouver Island. The balance
of the purchase price, being $2.1 million, is expected to be
received on or before July 31, 2014 (as to $1 million) and October
31, 2014 (as to $1.1 million). The Corporation will issue
confirming press releases in due course.
Company Contacts
For further information, please refer to the Corporation's
profile on SEDAR which can be accessed at www.sedar.com or visit
our website at www.pacificironorecorp.com.
Forward-Looking Statements:
The TSX.V Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. This
release includes certain statements that may be deemed "forward
looking statements". All statements in this release, other than
statements of historical facts that address future production,
reserves potential, exploration drilling, exploration activities
and events or developments that the Corporation expects are forward
looking statements. Although the Corporation believes the
expectations expressed in such forward looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in the forward looking statements. Factors
that could cause results to differ materially from those in the
forward looking statements include, but are not limited to: market
prices; exploitation and exploration successes; continued
availability of capital, financing and personnel; government
regulation and laws; the Corporations relationship with First
Nations; environmental developments; and general economic, market
or business conditions. Investors are cautioned that such
statements are not guarantees of future performance and those
actual results or developments may differ materially from those
projected in the forward looking statements. For more information
on Pacific Iron Ore Corporation, Investors should review the
Corporation's registered filings which are available at
www.sedar.com.
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 his release.
Pacific Iron Ore CorporationR. A. N. BonnycastleChairman (403)
269-6795 (403) 265-2887www.pacificironorecorp.com
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