Regulus Closes Transaction with Osisko Gold Royalties
02 December 2020 - 11:00PM
Regulus Resources Inc. ("Regulus" or the
"Company", TSX-V: REG, OTCQX:
RGLSF) is pleased to announce the closing
of the previously announced strategic partnership with Osisko Gold
Royalties. Details of the transaction can be found in the Company’s
October 1, 2020 press release. The transaction adds US$12.5 M
(C$16.6 M) to the Company’s treasury, which will be used to fund
exploration and development activities at the Company’s AntaKori
project, and for working capital and general corporate purposes.
ON BEHALF OF THE REGULUS BOARD
(signed) “John Black” John BlackCEO and Director
For
further
information, please contact:
Regulus Resources Inc. Laura
BrangwinInvestor Relations ManagerPhone: +1 646 583-1404 Email:
laura.brangwin@regulusresources.com
About Regulus Resources Inc. and the
AntaKori Project
Regulus Resources Inc. is an international mineral
exploration company run by an experienced technical and management
team. The principal project held by Regulus is the AntaKori
copper-gold-silver project in northern Peru. The AntaKori project
currently hosts a resource with indicated mineral resources of 250
million tonnes with a grade of 0.48 % Cu, 0.29 g/t Au and 7.5 g/t
Ag and inferred mineral resources of 267 million tonnes with a
grade of 0.41 % Cu, 0.26 g/t Au, and 7.8 g/t Ag (see press release
dated March 1, 2019). Mineralization remains open in most
directions.
For further information on Regulus Resources Inc.,
please consult our website at www.regulusresources.com.
Neither the TSXV nor its Regulation Services
Provider (as that term is defined in policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this release.
Forward Looking Information
Certain statements regarding Regulus, including
management's assessment of future plans and operations, may
constitute forward-looking statements under applicable securities
laws and necessarily involve known and unknown risks and
uncertainties, most of which are beyond Regulus' control. Often,
but not always, forward-looking statements or information can be
identified by the use of words such as "plans", "expects" or "does
not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate" or
"believes" or variations of such words and phrases or statements
that certain actions, events or results "may", "could", "would",
"might" or "will" be taken, occur or be achieved.
Specifically, and without limitation, all
statements included in this press release that address activities,
events or developments that Regulus expects or anticipates will or
may occur in the future, including the proposed exploration and
development of the AntaKori project described herein, the
completion of the anticipated drilling program, the completion of
an updated NI 43-101 resource estimate and management's assessment
of future plans and operations and statements with respect to the
completion of the anticipated exploration and development programs,
may constitute forward-looking statements under applicable
securities laws and necessarily involve known and unknown risks and
uncertainties, most of which are beyond Regulus' control. These
risks may cause actual financial and operating results,
performance, levels of activity and achievements to differ
materially from those expressed in, or implied by, such
forward-looking statements. Although Regulus believes that the
expectations represented in such forward-looking statements are
reasonable, there can be no assurance that such expectations will
prove to be correct. The forward looking statements contained in
this press release are made as of the date hereof and Regulus does
not undertake any obligation to publicly update or revise any
forward-looking statements or information, whether as a result of
new information, future events or otherwise, unless so required by
applicable securities law.
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