Latest news with #ReynaSilver
Associated Press
14 hours ago
- Business
- Associated Press
Reyna Silver Announces Pricing of Concurrent Financing
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC AND HONG KONG, CHINA / ACCESS Newswire / June 24, 2025 / Reyna Silver Corp. ('Reyna Silver' or the 'Company') (TSXV:RSLV)(OTCQB:RSNVF)(FRA:4ZC) is pleased to announce that, further to its news release dated June 23, 2025 (the 'June 23rd NR'), it has set the price of the securities offered in connection with the non-brokered private placement disclosed in the June 23rd NR (the 'Private Placement'). As previously stated in the June 23rd NR, in connection with the definitive agreement with Torex Gold Resources Inc. ('Torex') dated June 22, 2025, pursuant to which Torex agreed to acquire all of the issued and outstanding common shares ('Shares') of Reyna Silver (other than Shares held by Torex) by way of a court-approved plan of arrangement (the 'Transaction'), Torex agreed to purchase units ('Units') of Reyna Silver for a total investment of $1.1 million pursuant to the Private Placement. The price of each Unit to be issued under the Private Placement has now been set at $0.095, and, as previously announced, each Unit will be comprised of one Share and one common share purchase warrant (a 'Purchaser Warrant'). Each Purchaser Warrant will be exercisable to acquire one Share at an exercise price of $0.13 per Purchaser Warrant for a period of one year. Reyna Silver has agreed to use the proceeds of the Private Placement to make certain payments relating to its option agreements in Nevada. Closing of the Private Placement is subject to approval of the TSXV and is expected to close the business day following receipt of such approval. The securities issued pursuant to the Private Placement will be subject to a statutory four-month hold period. On Behalf of the Board of Directors of Reyna Silver Corp. Jorge Ramiro Monroy Chief Executive Officer For Further Information, Please Contact: Jorge Ramiro Monroy, Chief Executive Officer [email protected] +1 (852) 610-3022 About Reyna Silver Corp. Reyna Silver is a growth-oriented junior exploration and development company. Reyna Silver focuses on exploring for high-grade, district-scale silver deposits in Mexico and the United States. In Nevada USA, Reyna Silver has entered into an option to acquire 70% of the 12,058-hectare 'Gryphon Summit Project'. The Gryphon Project shows features indicating uniquely superimposed/overprinted Silver-Lead-Zinc-Copper Carbonate Replacement (CRD), Carlin Gold and Critical Metals mineralization. Also in Nevada, Reyna Silver is advancing its option to acquire 100% of the 'Medicine Springs Project' where Reyna Silver is exploring a potentially significant Silver-Lead-Zinc-Copper CRD-skarn-Porphyry system. Reyna Silver's Mexican assets are 100% owned and include the 'Guigui Project' and 'Batopilas Project', both located in Chihuahua State. The Guigui Project covers the interpreted source area for the Santa Eulalia Carbonate Replacement Deposit District and Batopilas covers most of Mexico´s historically highest-grade silver system Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Statements This news release contains 'forward-looking information' and 'forward-looking statements' within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this news release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as 'plans', 'expects', 'is expected', 'budgets', 'scheduled', 'estimates', 'forecasts', 'predicts', 'projects', 'intends', 'targets', 'aims', 'anticipates' or 'believes' or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions 'may', 'could', 'should', 'would', 'might' or 'will' be taken, occur or be achieved. These forward-looking statements include, among other things, statements relating to the closing of the Private Placement and the anticipated timing thereof; the anticipated use of proceeds from the Private Placement; the timing and receipt of all required approvals, including TSXV approval, to complete the Private Placement; and discussion of future plans, projects, objectives, estimates and forecasts and the timing related thereto. Such forward-looking statements are based on a number of assumptions of management, including, without limitation, the Company's ability to continue with its stated business objectives and obtain required approvals; the ability of Reyna Silver and Torex to complete the Private Placement; the Company's ability to obtain all required approvals, including TSXV approval, to complete the Private Placement; and the Company's anticipated use of proceeds from the Private Placement. Additionally, forward-looking information involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: risks associated with the business of Torex and Reyna Silver; risks related to the satisfaction or waiver of certain conditions to closing of the Transaction; non-completion of the Transaction; the failure of the Company to obtain all court and regulatory approvals required for the Transaction; the failure of the Company to obtain all required approvals, including TSXV approval, to complete the Private Placement; the inability of Torex and Reyna to complete the Private Placement; and other risk factors as detailed from time to time and additional risks identified in the Company's and Torex's filings with Canadian securities regulators on SEDAR+ in Canada (available at ). Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Neither the Company nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this news release. Neither the Company nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this news release by you or any of your representatives or for omissions from the information in this news release. SOURCE: Reyna Silver Corp. press release
Yahoo
17 hours ago
- Business
- Yahoo
Reyna Silver Announces Pricing of Concurrent Financing
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC AND HONG KONG, CHINA / / June 24, 2025 / Reyna Silver Corp. ("Reyna Silver" or the "Company") (TSXV:RSLV)(OTCQB:RSNVF)(FRA:4ZC) is pleased to announce that, further to its news release dated June 23, 2025 (the "June 23rd NR"), it has set the price of the securities offered in connection with the non-brokered private placement disclosed in the June 23rd NR (the "Private Placement"). As previously stated in the June 23rd NR, in connection with the definitive agreement with Torex Gold Resources Inc. ("Torex") dated June 22, 2025, pursuant to which Torex agreed to acquire all of the issued and outstanding common shares ("Shares") of Reyna Silver (other than Shares held by Torex) by way of a court-approved plan of arrangement (the "Transaction"), Torex agreed to purchase units ("Units") of Reyna Silver for a total investment of $1.1 million pursuant to the Private Placement. The price of each Unit to be issued under the Private Placement has now been set at $0.095, and, as previously announced, each Unit will be comprised of one Share and one common share purchase warrant (a "Purchaser Warrant"). Each Purchaser Warrant will be exercisable to acquire one Share at an exercise price of $0.13 per Purchaser Warrant for a period of one year. Reyna Silver has agreed to use the proceeds of the Private Placement to make certain payments relating to its option agreements in Nevada. Closing of the Private Placement is subject to approval of the TSXV and is expected to close the business day following receipt of such approval. The securities issued pursuant to the Private Placement will be subject to a statutory four-month hold period. On Behalf of the Board of Directors of Reyna Silver Corp. Jorge Ramiro MonroyChief Executive Officer For Further Information, Please Contact: Jorge Ramiro Monroy, Chief Executive Officerinfo@ (852) About Reyna Silver Corp. Reyna Silver is a growth-oriented junior exploration and development company. Reyna Silver focuses on exploring for high-grade, district-scale silver deposits in Mexico and the United States. In Nevada USA, Reyna Silver has entered into an option to acquire 70% of the 12,058-hectare "Gryphon Summit Project". The Gryphon Project shows features indicating uniquely superimposed/overprinted Silver-Lead-Zinc-Copper Carbonate Replacement (CRD), Carlin Gold and Critical Metals mineralization. Also in Nevada, Reyna Silver is advancing its option to acquire 100% of the "Medicine Springs Project" where Reyna Silver is exploring a potentially significant Silver-Lead-Zinc-Copper CRD-skarn-Porphyry system. Reyna Silver's Mexican assets are 100% owned and include the "Guigui Project" and "Batopilas Project", both located in Chihuahua State. The Guigui Project covers the interpreted source area for the Santa Eulalia Carbonate Replacement Deposit District and Batopilas covers most of Mexico´s historically highest-grade silver system Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Statements This news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this news release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. These forward-looking statements include, among other things, statements relating to the closing of the Private Placement and the anticipated timing thereof; the anticipated use of proceeds from the Private Placement; the timing and receipt of all required approvals, including TSXV approval, to complete the Private Placement; and discussion of future plans, projects, objectives, estimates and forecasts and the timing related thereto. Such forward-looking statements are based on a number of assumptions of management, including, without limitation, the Company's ability to continue with its stated business objectives and obtain required approvals; the ability of Reyna Silver and Torex to complete the Private Placement; the Company's ability to obtain all required approvals, including TSXV approval, to complete the Private Placement; and the Company's anticipated use of proceeds from the Private Placement. Additionally, forward-looking information involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: risks associated with the business of Torex and Reyna Silver; risks related to the satisfaction or waiver of certain conditions to closing of the Transaction; non-completion of the Transaction; the failure of the Company to obtain all court and regulatory approvals required for the Transaction; the failure of the Company to obtain all required approvals, including TSXV approval, to complete the Private Placement; the inability of Torex and Reyna to complete the Private Placement; and other risk factors as detailed from time to time and additional risks identified in the Company's and Torex's filings with Canadian securities regulators on SEDAR+ in Canada (available at Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Neither the Company nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this news release. Neither the Company nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this news release by you or any of your representatives or for omissions from the information in this news release. SOURCE: Reyna Silver Corp. View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Torex Gold Resources to acquire Reyna Silver for $26m
Torex Gold Resources has announced a definitive agreement to acquire the issued and outstanding common shares of Reyna Silver, excluding those held by Torex, for a cash consideration of C$36m ($26m) or C$0.13 per share. The deal will proceed through a court-approved plan of arrangement, necessitating the approval of at least two-thirds of the votes cast by Reyna Silver shareholders and security holders. The agreement also outlines the automatic vesting and cancellation of options and restricted share units at the effective time of the transaction, with cash payments to be made based on the consideration. The arrangement agreement includes a $1.4m termination fee and an expense reimbursement fee of up to $450,000 under certain conditions. The transaction is subject to approval by Reyna Silver's shareholders, the court, and regulatory bodies, including the TSX Venture Exchange. Torex president and CEO Jody Kuzenko said: 'The acquisition of Reyna Silver provides Torex with immediate access to new and exciting early-stage exploration projects within prolific mining camps in northern Mexico and Nevada, consistent with our strategy to create a diversified, Americas-focused precious metals producer built on a portfolio of quality assets, including exploration and development stage projects and producing mines.' Concurrent with the acquisition, Torex has agreed to a non-brokered private placement investment of $1.1m in Reyna Silver. The units issued will include one share and one warrant, with the warrant's exercise price being adjusted to match the market price if it is lower than the consideration. Reyna Silver has committed the proceeds from the private placement to fulfil payments related to its option agreements in Nevada. These include extensions and modifications to the payment schedules for the Gryphon Summit and Medicine Springs projects, with payments already made or scheduled up to 7 July 2025. Reyna Silver CEO Jorge Ramiro Monroy said: 'We are thrilled to announce that Reyna has entered a Definitive Agreement with Torex. In 2020, recognising the need for producers to replenish their ounces, we set out to create a company with the premise of looking for projects with high-grade and district-scale potential. 'We put together an outstanding portfolio of four projects in Mexico and Nevada. Taking each project from initial concept to proof of concept, the Reyna Board recognises that in the current financing environment, the Torex offer allows these projects to remain as a portfolio and to have the necessary capital and expertise to move them to the next stage.' Legal counsel for the transaction includes DuMoulin Black and Edwards, Kenny & Bray for Reyna Silver, and Cassels Brock & Blackwell for Torex. Evans and Evans provided a fairness opinion. Last month, Torex Gold Resources officially started commercial production at the Media Luna mine in Mexico, following the successful completion of the development phase of the Media Luna project. "Torex Gold Resources to acquire Reyna Silver for $26m" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
2 days ago
- Business
- Globe and Mail
Mining M&A Sparks Market Action as Junior Miner Gets Acquired
Kicking off the week, a significant mining sector acquisition has made headlines, sending shares of the acquired company sharply higher. Shares of Reyna Silver (TSX-Venture: RSLV) (OTCQ: RSNVF) were on a tear this morning as the company announced that they have entered into a definitive agreement with Torex Gold Resources (TSX: TXG), under which Torex will acquire all outstanding shares of Reyna Silver (excluding those it already owns). The acquisition will be carried out through a court-approved plan of arrangement. Shareholders of Reyna Silver will receive cash consideration of CDN$0.13 per share. "We are thrilled to announce that Reyna has entered a Definitive Agreement with Torex. In 2020, recognizing the need for producers to replenish their ounces, we set out to create a company with the premise of looking for projects with high-grade and district scale potential. We put together an outstanding portfolio of four projects in Mexico and Nevada. Taking each project from initial concept to proof of concept, the Reyna Board recognizes that in the current financing environment, the Torex offer allows these projects to remain as a portfolio and to have the necessary capital and expertise to move them to the next stage," said Jorge Ramiro Monroy, CEO of Reyna Silver. Reyna Silver is a junior exploration company focused on high-grade, district-scale silver projects in Mexico and the U.S. In Nevada, it holds options to acquire majority interests in the Gryphon Summit and Medicine Springs Projects, both targeting multi-metal CRD and porphyry systems. In Mexico, Reyna fully owns the Guigui and Batopilas Projects, covering historically significant silver-producing districts in Chihuahua State. Shares of RSLV are currently up 50% at $0.1275 while U.S. listed shares (RSNVF) are up 39.37% at $0.0913 in mid-morning trading. Copyright © 2025 All rights reserved. Republication or redistribution of content is expressly prohibited without the prior written consent of shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. View more of this article on About Media, Inc.: Founded in 1999, is one of North America's leading platforms for micro-cap insights. Catering to both Canadian and U.S. markets, we provide a wealth of resources and expert content designed for everyone—from beginner investors to seasoned traders. is rapidly gaining recognition as a leading authority in the micro-cap space, with our insightful content prominently featured across numerous top-tier financial platforms, reaching a broad audience of investors and industry professionals. Want to showcase your company's story to a powerful network of investors? We can help you elevate your message and make a lasting impact. Contact us today. Contact: Media, Inc. Phone: (800) 558-4560 Ext: 101
Yahoo
11-06-2025
- Business
- Yahoo
Zeus North America Mining Corp. Signs Letter of Intent to Acquire the Delker and Bulls Eye Copper-Gold Properties, Nevada, USA
VANCOUVER, BC / / June 11, 2025 / ZEUS NORTH AMERICA MINING CORP. (CSE:ZEUS)(OTCQB:ZUUZF)(FRANKFURT:O92) (THE "COMPANY" OR "ZEUS") is pleased to announce it has signed a binding Letter of Intent ("LOI") dated June 9, 2025 to acquire a 90% interest in both the Delker and Bulls Eye copper-gold ("Cu-Au") properties in northeast Nevada, USA. About the Delker Property: The Property is located approximately 79 kilometers ("km") from the town of Elko Nevada (see Figure 1); Adjacent to Ridgeline Minerals Corp's Big Blue Porphyry and carbonate replacement ("CRD") style Cu-Au-silver ("Ag") ± lead-zinc ("Pb-Zn") project. Ridgeline is currently drilling on the western flanks of the historic Delker Butte mine which is testing both high-grade Cu-Au skarn and potential porphyry Cu-Au targets at depth. The past producing Delker Mine, which produced 94,434 pounds of copper at an average grade of 6.2% Cu between 1916-1917 (*Smith, R.M., 1979), shares its northern boundary with the Delker property and the southern boundary with Reyna Silver's Medicine Springs Ag-Pb-Zn CRD project; The Property is within Elko County and consists of 400 Bureau of Land Management ("BLM") claims and there are no protected areas within the Property; Nevada was ranked the world's top mining jurisdiction by the Fraser Institute in 2022; The Property is road accessible and can be worked year-round; The Property lies within the "new base metal trend" in Nevada (see Figure 2); The Property lies within the Dolly Varden-Delker Butte Cretaceous to lower Jurassic intrusive Belt. The regional geologic setting is generally composed of Jurassic intrusive rocks intruding the Paleozoic Carbonate Shelf sequences of limestone and dolomites. This region is the host to various mineralization styles such as porphyry-style, Cu-skarn, CRD, and sediment/carbonate hosted and Carlin-type gold mineralization; Most of the recent exploration in the area was focused on gold. Companies that held claims within and around the Delker Property include Newmont USA, Nevada Gold, Pegasus Gold Corp., Kinross Gold, and Battle Mountain Gold. Historic surface work included 114 surface (soil) samples collected by Pegasus Gold Corp. within a small portion of the Delker Property which were analyzed for Au and As. Seventeen samples returned greater than (">") 0.1grams per tonne gold ("g/t Au") up to 2.8 g/t Au; Historical surface work by GHK (1980) at the Delker Hill area within the Property included eight rock grab samples containing >0.2 g/t Au, having a peak value of 2.33 g/t Au; Historical shallow drilling (less than 100m drill holes) within the West Buttes area by Pegasus Gold Corp. resulted in broad zones with anomalous Au including: WB-1: 9.14m of 0.74 g/t Au including 4.57m of 1.30 g/t Au; WB-4: 35m of 0.32 g/t Au including 1.52m of 0.45 g/t Au, 0.58 g/t Au, and 0.42 g/t Au, 4.57m of 0.41 g/t Au and 0.66 g/t Au; WB-5: 6.10m of 0.24g/t Au; 13.72m at ~0.56 g/t Au, including 4.57m of 3.86 g/t Au; WB-18: 7.62m at ~0.22g/t Au including 1.52m of 0.57 g/t Au; Recent surface samples collected by NV Resources within the Property included six rock grab samples containing >1.8 per cent ("%") Cu, up to 14.8% Cu (pXRF) and 13 rock grab samples containing greater that 1% Cu up to 7.8% Cu (American Assay Laboratories); The Property is underlain by a regional magnetic feature(s) that are interpreted to be part of an underlying metals-bearing intrusive event (porphyry target) and a potential heat source responsible for skarn-type mineralization in the Delker Buttes and Delker Hill areas, and the precious metal mineralization throughout the Medicine Range. About the Bulls Eye Property: The Property is located approximately 79 kilometers ("km") from the town of Elko Nevada, 17 km north of the Delker Property; The Property is within Elko County and consists of 40 BLM claims and there are no protected areas within the Property; The Property is underlain by a coincidental magnetic high and gravity high suggesting a potential buried porphyry. Future Exploration: Full data compilation for both properties; Surface mapping; Surface soil and rock grab sampling program; Ground geophysics including but not limited to magnetics and induced polarization ("IP"); Reconnaissance drilling. Terms of the Option Agreements:Subject to Canadian Securities Exchange approval, completion of due diligence and signing of definitive agreements for both properties, Nedeel LLC ("Nedeel") will grant Zeus the sole and exclusive right to acquire a 90% interest in each Property over a three year period by making the following cash and share payments: $50,000USD upon signing the LOI as an exclusivity payment (the "Initial Payment"); if a definitive option agreement (the "Option Agreement") is not completed within 60 days of signing the LOI, Zeus will pay an additional $50,000USD as break fee which will be non-refundable. $230,000USD upon the signing of the Option Agreement, provided that the Initial Payment shall become a credit towards such amount upon the signing. Issue an aggregate of 1,000,000 common shares of Zeus (each a "Share") to Needel as follows: On or before the first anniversary of the date of the Option Agreement, 250,000 Shares; On or before the second anniversary of the date of the Option Agreement, a further 250,000 Shares; On or before the third anniversary of the date of the Option Agreement, a further and final 500,000 Shares and a final payment of $250,000USD in cash (the "Third Year Payment). Each of the above cash and share payments are single payments towards a 90% interest in both Properties. If all cash and share payments have been made within the three year option period, Zeus will be deemed to have acquired a 90% interest in both Properties and will grant to Nedeel a 3% net smelter returns ("NSR") royalty on both Properties, of which one half of the respective royalty (1.5%) may be acquired by Zeus at any time within ten years of the date of the Option Agreement in increments of 1/15 for a purchase price of $100,000USD per increment in the first five years (for an aggregate purchase price of $1,500,000USD) or $200,000USD per increment if acquired in the period from the fifth to ten year anniversary (for an aggregate purchase price of $3,000,000USD). Upon the exercise of the option, Zeus and Nedeel will form a joint venture in respect of each Project. Nedeel will retain a carried interest in the Properties until the time of the Feasibility Payment (as defined below). In addition to the payments to exercise the options, Zeus will also be obligated to make certain additional bonus payments, in respect of each Property, to Nedeel as follows: Upon defining a maiden resource of at least 750,000 oz of gold (Au) or AuEQ and other base and precious metals (including copper) for either Project, Zeus shall pay Nedeel an additional $1,500,000USD in cash (the "Resource Payment"); Upon the earlier of (i) the completion of the positive bankable feasibility study on either Project, or (ii) the making of a decision to mine either Project, Zeus shall pay Nedeel an additional US$3,000,000 in cash (the "Feasibility Payment"). For clarity, the Bonus Payment and the Feasibility Payment are single payments in respect of both Projects and are payable at the initial time a Project reaches the applicable milestone, but not again at the time the remaining Project then achieves such milestone, if any; Zeus shall not be obligated to pay the Third Year Payment ($250,000USD) if Zeus has become obligated to pay and has paid the Resource Payment; Zeus retains the discretion to pay either the Resource Payment or the Feasibility Payment through the issuance of Shares, provided that if Zeus elects to pay the Resource Payment in Shares, the Resource Payment will be $2,000,000USD and, if Zeus elects to pay the Feasibility Payment in Shares, the Feasibility Payment will be $4,000,000USD. The deemed value of any such Shares issued will be equivalent to the 30 day VWAP of the Shares on the CSE for the 30 days immediately prior to the applicable payment due date, subject to a minimum price of $0.05CDN per share, subject to the approval of the CSE. Figure 1: Location of the Delker and Bulls Eye Property Figure 2: Nevada's New Base Metal Trend *This is presented simply as a record of previous exploration at the project and to show the geological prospectively of the area. All information is derived solely from management of Zeus Mining and otherwise publicly available third-party information which are believed to be reliable, but which have not been independently verified by the Company and as a result are not guaranteed as to accuracy and completeness. Zeus's management cautions that past results or discoveries on properties in proximity to Zeus may not necessarily be indicative of mineralization within the properties. Qualified PersonThe scientific and technical information in this news release has been reviewed and approved by Dean Besserer, the President & CEO for the company and Qualified Person as defined in NI 43-101. On behalf of the board of directors."Dean Besserer"President and CEO For more information, please contact the Company at info@ FOR INVESTOR RELATIONS CONTACT:Kin Communications Inc. Ph: 604-684-6730ZEUS@ About Zeus North America Mining Company is in the business of mineral exploration. The Company is focused on its exploration properties in the state of Idaho known as the: Cuddy Mountain; Selway; and Great Western properties, respectively. The Idaho properties consist of 101 (Cuddy Mountain), 57 (Selway) and 38 (Great Western) lode mining claims respectively and cover a cumulative area of approximately 4,200 acres. The Company's flagship Cuddy Mountain Property is adjacent to Hercules Metal Corp's Leviathan Copper Porphyry discovery. Forward-Looking StatementsWhen used in this news release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although the Company believes, in light of the experience of their respective officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in the forward-looking statements and information in this news release are reasonable, undue reliance should not be placed on them because the parties can give no assurance that such statements will prove to be correct. The forward-looking statements and information in this news release include, amongst others, the Company's exploration plans. Such statements and information reflect the current view of the Company. There are risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements or implied by such forward-looking statements. There are a number of important factors that could cause the Company's actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: currency fluctuations; limited business history of the parties; disruptions or changes in the credit or security markets; results of operation activities and development of projects; project cost overruns or unanticipated costs and expenses; and general development, market and industry conditions. The Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of its securities or its financial or operating results (as applicable). The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, are subject to change after such date. The Company does not undertake to update this information at any particular time except as required in accordance with applicable laws. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this news release. SOURCE: Zeus North America Mining Corp. View the original press release on ACCESS Newswire Sign in to access your portfolio
