Latest news with #Trigon
Hamilton Spectator
2 days ago
- Business
- Hamilton Spectator
Trigon finalizes $750M investment in North Coast LPG facility
Trigon Pacific Terminals' board passed its final investment decision today (June 11) on a $750 million liquefied petroleum gas (LPG) export facility in Prince Rupert despite a current exclusivity deal between the Prince Rupert Port Authority and an Altagas/Royal Vopak partnership. The facility will be able to export up to 2.5 million tonnes of primarily Alberta-produced propane and butane annually, positioning it as a major LPG export hub in Canada. Pending all required legal and regulatory approvals, the company could begin exports by late 2029. 'We've come to the table with investment dollars and now we need the federal government to expedite this shovel-ready project that is clearly in the national interest,' said Trigon CEO Rob Booker. Booker pointed out that the project aligns with Canada's economic goals of trade diversification and expanding exports of critical minerals and clean energy to global markets beyond the U.S., particularly in Asia. While Alberta supplies the product, Trigon offers reliable coastal access needed to move it to international markets quickly, he said. 'We want to keep this project moving along because we have some momentum now,' said Craig Olley, Trigon's president. He noted that Asian buyers currently lack open access to LPG, which Trigon aims to offer by entering the market. 'We have a sort of responsibility to provide open market, fair access to the consumers in Japan, and currently, today, they don't have that.' The president added that AltaGas and Royal Vopak cuurently hold exclusive rights to export this type of energy out of Prince Rupert, effectively giving them a monopoly on the West Coast. 'It's always good to have some healthy competition,' said Olley. He recently returned from Japan as part of the business delegation accompanying Premier David Eby on his trade tour. He highlighted the strong LPG demand in Japan and South Korea, noting that Malaysia has also begun to show interest. 'At least a dozen different entities were supportive and pleased to see Trigon stepping up to facilitate LPG movement into Asia. They understand that Prime Minister Carney is supportive of these cleaner, lower-emission type fuels for energy use in Asia,' said Olley. In February, amid the Canada-U.S. tariff dispute, Booker wrote to the Prime Minister urging the federal government to direct the Prince Rupert Port Authority (PRPA) to revoke the exclusive LPG export access granted to AltaGas and Royal Vopak. The port authority, which had already partnered with the two companies on a $1.35 billion export facility in the city maintained its position against allowing Trigon to expand LPG operations on Ridley Island. Olley noted that Trigon already has key infrastructure in place, including LPG loading arms, existing rail connections, and marine berth access, which removes the need for new construction. He said AltaGas and Royal Vopak currently use Trigon's loading arms for their LPG exports. He confirmed that the existing setup can also handle Trigon's own exports in the future. Trigon's June 11 news release highlighted support from Chief Councillor Garry Reece of the Lax Kw'alaams Band, Chief Robert Nelson of the Metlakatla First Nation, and the Government of Alberta on this project. 'We have some of the largest reserves of natural gas and natural gas liquids in the world and are working hard to meet the growing demand of our partners in Japan, Korea and Asia. This new Indigenous-backed facility will play a major role in the long-term success of these partnerships and in promoting Indigenous economic reconciliation,' stated Brian Jean, Alberta Minister of Energy and Minerals. As of 2024, Trigon Pacific Terminals is the largest terminal by volume at the Port of Prince Rupert, having handled 9.1 million metric tonnes of dry and liquid bulk products. The multi-commodity bulk terminal ships various materials, including steelmaking and thermal coal, petroleum coke, iron ore pellets, and liquid propane gas (LPG). According to the Canadian government, Canada produced 46.7 million tonnes of coal in 2022. Of that, 59 per cent was metallurgical coal used in steelmaking, while 41 per cent was thermal coal used for electricity generation. The government noted that coal-fired power remains the largest global source of greenhouse gas emissions, contributing to climate change and posing health risks. When asked whether Trigon would scale back its thermal coal exports once its zero-emission ammonia/hydrogen and lower-emission LPG facilities become operational, the company said it would remain committed to continuing current coal exports. 'We understand the importance of these resources to various industries and economies; the world will always need steel, and many countries still rely on thermal coal for energy. We are dedicated to maintaining our operations to support their needs,' said Olley. Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
Cision Canada
2 days ago
- Business
- Cision Canada
Trigon Pacific Terminals Greenlights $750 Million LPG Export Facility in Prince Rupert, Bolstering Canada's Energy Export Capacity
PRINCE RUPERT, BC, June 11, 2025 /CNW/ - Trigon Pacific Terminals (Trigon), a leading bulk commodity export terminal, today announced its Final Investment Decision (FID) for a new open-access 2.5 million MTPA LPG export facility in Prince Rupert, British Columbia. Subject to securing all necessary legal and regulatory approvals, the $750M facility is projected to start exports in late 2029, significantly enhancing Canada's objective to be a competitive energy superpower as well its as capacity to serve global energy markets. "This FID is a pivotal moment for Trigon and for Canada's energy sector, creating new pathways for Canadian LPG to reach international markets, and driving economic growth, resiliency and opportunity for Canadians," said Rob Booker, CEO of Trigon. "We've come to the table with investment dollars and now we need the federal government to expedite this shovel-ready project that is clearly in the national interest." This decision comes with support to advance to this project development stage from the Lax Kw'alaams and Metlakatla First Nations, underscoring Trigon's commitment to collaborative development and shared prosperity. "This is about bringing long-term benefits to our people, our land, and future generations, and is the next chapter of development in Prince Rupert. It reflects what's possible when communities and Nations are true partners who are meaningfully involved from the beginning," said Garry Reece, Chief Councillor, Lax Kw'alaams Band. "The shared prosperity model that Trigon has adopted ensures our communities have a strong voice, a stake and a future in major projects within our territory. We know Trigon will continue to engage with our community and others to ensure this project aligns with the interests and priorities of the Indigenous People within our region," said Chief Robert Nelson, Metlakatla First Nation. The facility also has the backing of the Alberta government, recognizing its strategic importance for Canadian energy producers. "This is great news for Canada and Alberta. We have some of the largest reserves of natural gas and natural gas liquids in the world and are working hard to meet the growing demand of our partners in Japan, Korea and Asia. This new Indigenous-backed facility will play a major role in the long-term success of these partnerships and in promoting indigenous economic reconciliation," stated Brian Jean, Alberta Minister of Energy and Minerals. The project also meets the federal government's recently identified criteria for projects of national interest, which include: strengthen Canada's autonomy, resilience and security; provide economic or other benefits to Canada; have a high likelihood of successful execution; advance the interests of Indigenous Peoples; and contribute to clean growth and to Canada's objectives with respect to climate change. The new infrastructure addresses a pressing need for Canadian energy producers who have faced significant challenges accessing export markets due to capacity constraints at existing Prince Rupert facilities, and broader impediments arising from the current western Canadian export monopoly. Trigon's open-access model will provide much-needed competition and flexibility, as an expansion of Canada's export capabilities rather than a reallocation of existing capacity. Strong international demand for Canadian LPG has been confirmed through robust off-take discussions with key partners in Japan, South Korea, and India, demonstrating the global appetite for reliable energy supplies from Canada. "Canada and Japan are important partners in the Pacific region, cooperating in a wide range of economic fields, including energy. Japan has been increasing LPG import from Canada, achieving stable import volume of two million tonnes in 2024. We welcome the expansion of competitive LPG exports from Canada, contributing to the stable energy supply for Japan," added Yamamoto, Executive Officer, General Manager, Trading and Shipping Department, Astomos Energy Corporation: "With FID in place, Trigon will continue its ongoing engagement and dialogue with Indigenous communities and the broader public as part of Trigon's commitment to meeting its consultation obligations and working to advance meaningful economic participation, engagement and reconciliation," added Booker. Trigon's Board of Directors has given its full approval to proceed, with critical infrastructure already in advanced stages of readiness. Rail access to the site is prepared, and berth loading facilities are ready for integration. Long-lead items necessary for the terminal's construction have been identified for procurement, ensuring a streamlined development timeline. Trigon Pacific Terminals Limited is a multi-commodity bulk export terminal at the Port of Prince Rupert. With a skilled workforce and proven operational excellence, it is a key link between Western Canadian commodity producers and their Asia-Pacific customers. Privately owned – with equity positions held by the Lax Kw'alaams and Metlakatla – Trigon is committed to transformational growth strategies aligned with global energy and climate-related imperatives.
Yahoo
2 days ago
- Business
- Yahoo
Trigon Pacific Terminals Greenlights $750 Million LPG Export Facility in Prince Rupert, Bolstering Canada's Energy Export Capacity
PRINCE RUPERT, BC, June 11, 2025 /CNW/ - Trigon Pacific Terminals (Trigon), a leading bulk commodity export terminal, today announced its Final Investment Decision (FID) for a new open-access 2.5 million MTPA LPG export facility in Prince Rupert, British Columbia. Subject to securing all necessary legal and regulatory approvals, the $750M facility is projected to start exports in late 2029, significantly enhancing Canada's objective to be a competitive energy superpower as well its as capacity to serve global energy markets. "This FID is a pivotal moment for Trigon and for Canada's energy sector, creating new pathways for Canadian LPG to reach international markets, and driving economic growth, resiliency and opportunity for Canadians," said Rob Booker, CEO of Trigon. "We've come to the table with investment dollars and now we need the federal government to expedite this shovel-ready project that is clearly in the national interest." This decision comes with support to advance to this project development stage from the Lax Kw'alaams and Metlakatla First Nations, underscoring Trigon's commitment to collaborative development and shared prosperity. "This is about bringing long-term benefits to our people, our land, and future generations, and is the next chapter of development in Prince Rupert. It reflects what's possible when communities and Nations are true partners who are meaningfully involved from the beginning," said Garry Reece, Chief Councillor, Lax Kw'alaams Band. "The shared prosperity model that Trigon has adopted ensures our communities have a strong voice, a stake and a future in major projects within our territory. We know Trigon will continue to engage with our community and others to ensure this project aligns with the interests and priorities of the Indigenous People within our region," said Chief Robert Nelson, Metlakatla First Nation. The facility also has the backing of the Alberta government, recognizing its strategic importance for Canadian energy producers. "This is great news for Canada and Alberta. We have some of the largest reserves of natural gas and natural gas liquids in the world and are working hard to meet the growing demand of our partners in Japan, Korea and Asia. This new Indigenous-backed facility will play a major role in the long-term success of these partnerships and in promoting indigenous economic reconciliation," stated Brian Jean, Alberta Minister of Energy and Minerals. The project also meets the federal government's recently identified criteria for projects of national interest, which include: strengthen Canada's autonomy, resilience and security; provide economic or other benefits to Canada; have a high likelihood of successful execution; advance the interests of Indigenous Peoples; and contribute to clean growth and to Canada's objectives with respect to climate change. The new infrastructure addresses a pressing need for Canadian energy producers who have faced significant challenges accessing export markets due to capacity constraints at existing Prince Rupert facilities, and broader impediments arising from the current western Canadian export monopoly. Trigon's open-access model will provide much-needed competition and flexibility, as an expansion of Canada's export capabilities rather than a reallocation of existing capacity. Strong international demand for Canadian LPG has been confirmed through robust off-take discussions with key partners in Japan, South Korea, and India, demonstrating the global appetite for reliable energy supplies from Canada. "Canada and Japan are important partners in the Pacific region, cooperating in a wide range of economic fields, including energy. Japan has been increasing LPG import from Canada, achieving stable import volume of two million tonnes in 2024. We welcome the expansion of competitive LPG exports from Canada, contributing to the stable energy supply for Japan," added Yamamoto, Executive Officer, General Manager, Trading and Shipping Department, Astomos Energy Corporation: "With FID in place, Trigon will continue its ongoing engagement and dialogue with Indigenous communities and the broader public as part of Trigon's commitment to meeting its consultation obligations and working to advance meaningful economic participation, engagement and reconciliation," added Booker. Trigon's Board of Directors has given its full approval to proceed, with critical infrastructure already in advanced stages of readiness. Rail access to the site is prepared, and berth loading facilities are ready for integration. Long-lead items necessary for the terminal's construction have been identified for procurement, ensuring a streamlined development timeline. Trigon Pacific Terminals Limited is a multi-commodity bulk export terminal at the Port of Prince Rupert. With a skilled workforce and proven operational excellence, it is a key link between Western Canadian commodity producers and their Asia-Pacific customers. Privately owned – with equity positions held by the Lax Kw'alaams and Metlakatla – Trigon is committed to transformational growth strategies aligned with global energy and climate-related imperatives. SOURCE Trigon Pacific Terminals Limited View original content to download multimedia:
Business Wire
03-06-2025
- Business
- Business Wire
Trigon Announces New Date of Annual and Special Meeting to Vote on Kombat Transaction
TORONTO--(BUSINESS WIRE)--Trigon Metals Inc. (TSX-V: TM) ('Trigon' or the 'Company') announces a new date for its annual and special meeting of common shareholders (the 'Meeting') to, among other matters, vote on the proposed transaction pursuant to which Horizon Corporation Limited ('Horizon') will acquire the Company's interest in the Kombat Project (the 'Project') in Namibia (the 'Transaction') following the signing of the definitive share purchase agreement (see press release dated May 29, 2025). The Transaction remains subject to the approval of shareholders at the annual and special meeting of shareholders (the 'Meeting') now rescheduled to be held on and to the satisfaction of customary closing conditions, including TSX Venture Exchange approval. Shareholders of record as of May 30, 2025 will be entitled to vote at the Meeting. The management information circular and related proxy materials (collectively, the 'Meeting Materials') will be mailed to Trigon this week. These documents provide further details regarding the Transaction, voting procedures, and a copy of the fairness opinion. Once mailed to Trigon shareholders, the Meeting Materials will be available under the Company's profile on SEDAR+ at Jed Richardson, Executive Chairman and CEO of Trigon commented, 'The Agreement marks a strategic milestone for the Company. Subject to shareholder approval, management is considering using proceeds from the transaction to buy back shares and for future dividends, following an initial small program to test our silver polymetallic Addana project, and maintain activities at our Silver Hill project in Morocco, and Kalahari Copperbelt project in Namibia.' Trigon Metals Inc. Trigon is a publicly-traded Canadian exploration and development company with its core business focused on copper and silver holdings in mine-friendly African jurisdictions. Currently, the company has operations in Namibia and Morocco. In Namibia, the Company holds a 100% interest in the Kalahari Copperbelt Project and an 80% interest in five mining licences in the Otavi Mountainlands where the Company operates the Kombat Mine. In Morocco, the Company is the holder of the Silver Hill and Addana projects, highly prospective copper and silver exploration projects. Cautionary Notes This news release may contain forward-looking statements. These statements include statements regarding the Meeting, the Transaction, the Company's ability to close the Transaction, the Company's strategies and the Company's abilities to execute such strategies, the Company's expectations for the Kombat Mine, and the Company's future plans and objectives. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws. Neither 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.
Yahoo
29-05-2025
- Business
- Yahoo
Trigon Announces Signing of Definitive Agreement for Sale of Interest in Kombat Mine to Horizon Corporation
TORONTO, May 29, 2025--(BUSINESS WIRE)--Trigon Metals Inc. (TSX-V: TM) ("Trigon" or the "Company") is pleased to announce that it has today entered into a definitive share purchase agreement dated May 27, 2025 (the "Sale Agreement") with Horizon Corporation Limited ("Horizon") and Kamino Minerals Limited pursuant to which Horizon will acquire the Company's interest in the Kombat Project (the "Project") in Namibia (the "Transaction"). The Sale Agreement follows the execution of a binding term sheet previously disclosed and the completion of due diligence by both parties. The consideration for the Transaction is all-cash, as disclosed below, and further details will be provided in the Company's management information circular (the "Circular") to be filed and mailed in advance of the meeting of Trigon shareholders at which Trigon shareholder approval for the Transaction will be sought (the "Meeting"). The Transaction will be implemented by way of the acquisition by Kamino Minerals Limited ("Kamino" or the "Purchaser"), an affiliate of Horizon, of: 100% of the shares in Trigon Ontario (as defined below); 100% of the shares in PNT Financeco Corp. ("PNT") (the holding company of the Company's Namibian assets); and the intercompany loan owing by PNT to Trigon (the "PNT Loan"). Minmetals Securities Co., Ltd was engaged to provide market analysis to support the transaction. Jed Richardson, Executive Chairman and CEO of Trigon, commented: "With the signing of the definitive agreement, we are taking the final steps toward securing shareholder approval. Upon a successful vote, $2 million will be advanced to Trigon, forming part of the $24 million we will receive ahead of the official closing process. Subject to Namibian completion approvals, the balance will follow in structured payments after nine months in which case we begin receiving $3 million instalments quarterly and the $4 million outstanding loan will be forgiven. These proceeds, combined with the potential production bonus and ongoing royalty, provide a strong and flexible foundation for our continued growth at Silver Hill, Addana, and the Kalahari Copperbelt." Knowledge Katti, founding Shareholder in Trigon Namibia , expressed strong support for the transaction, stating: "As a proud Namibian shareholder, I wholeheartedly support Horizon Corporation as the new investor in the Kombat Mine. Horizon's proven experience in the mining sector positions them to successfully reopen the mine, creating much-needed jobs for our community. The people and children of the Kombat area urgently need this project to resume operations, as it will significantly boost living standards and bring economic hope to our region." Pre-Closing Reorganization Prior to closing of the Transaction, Trigon will undertake an internal reorganisation in terms of which: Trigon will incorporate a new wholly owned Ontario subsidiary ("Trigon Ontario"); Trigon will transfer to Trigon Ontario all of Trigon's rights and obligations under Trigon's stream agreement (the "Sprott stream") with Sprott Private Resource Streaming and Royalty (B) Corp. and Sprott Mining Inc. (collectively, "Sprott") including the release of Trigon from all security and guarantees under the Sprott stream; Trigon will transfer to Trigon Ontario a portion of the PNT Loan such that the net asset value of Trigon Ontario will be $1; PNT will transfer to Trigon, or a subsidiary of Trigon, 100% of its interest in Copperbelt Mineral Exploration (Pty) Ltd. Purchase Consideration Kamino will pay to Trigon a total purchase consideration of US$24,000,000 in cash (the "Purchase Consideration") for the Transaction comprising: $1 for the shares in Trigon Ontario; and $23,999,999 for the shares in PNT and the PNT Loan, subject to a purchase price adjustment for outstanding liabilities owing to IXM S.A. and Sprott on closing (the "Purchase Price Adjustment"). The Purchase Consideration will be settled in eight equal instalments, with the first instalment payable on the later of closing of the Transaction, being the deal ratification and competition approvals in Namibia, and the date that is nine months after the date of approval of the Transaction by Trigon's shareholders. The seven remaining instalments will be payable every three months from the date of the first instalment. The Sale Agreement removes the requirement for additional debt financing discussed in the February 11, 2025 annexure to the loan agreement, removing the conditions to the payment. In addition, the Purchaser will make an additional cash payment (the "Production Payment") to Trigon thirty days following the first date upon which the underground operations of the Project achieve ore production and processing of a daily minimum of 2,250tpd on each day for a 90 consecutive day period. The Production Payment ranges between US$3,500,000 and US$13,000,000, dependent on copper price. As further consideration, Trigon will be granted a royalty on the Project from Trigon Mining (Namibia) (Pty) Ltd, the registered owner of the Project, of 1.0% of copper net smelter returns on a per invoice basis, payable if the invoiced copper price on final invoicing is greater than $4.00 per pound (the "Royalty") for up to 20 quarters with 8 allowable deferrals. Such royalty is to paid exclusively from Horizon's equity ownership. Payments under the Royalty will commence once the Project achieves copper metal production of 1,000 tonnes for each of two consecutive calendar months. Loans from Horizon to Trigon On February 11, 2025, Trigon announced the revised terms of the loan agreement entered into with Horizon ("Loan Agreement"), in terms of which the loan amount was reduced to US$4,000,000, with structured advances over five tranches ("Horizon Loan"). The Horizon Loan bears interest at 15% per annum, with interest only commencing after a six month grace period ("Grace Period") and is repayable in 18 equal amortised repayments commencing at the end of the Grace Period. The Horizon Loan is secured by a General Security Agreement over all the property, assets and undertakings of Trigon. A portion of the fourth tranche, and the full fifth tranche are still to be advanced by Horizon. In terms of the Sale Agreement, the Horizon Loan will be classified between Project Loan Amounts (being amounts applied to costs and expenses in Namibia relating to the Project) and Non-Project Loan Amounts. All obligations to repay Project Loan Amounts, including interest thereon will be transferred to PNT prior to closing. An agreed sale of the project would see this portion of the debts of Trigon cleared. Any remaining Non-Project Loan Amounts will continue to bear interest at 15% per annum, remain secured by the General Security Agreement and be repayable by Trigon on the terms set out above. At this time Trigon anticipates the non-project loan amount at handover will be zero dollars. In terms of the Loan Agreement, an additional loan amount of US$2,000,000 (the "Additional Loan") was also made available to Trigon on the same terms as the Horizon Loan to provide flexibility for further financing. The Additional Loan is repayable as follows: If Trigon shareholder approval is achieved on or before June 30, 2025, the Additional Loan plus accrued interest is deducted from the eight instalment payment for the Transaction; or If Trigon shareholder approval is not achieved on or after June 30, 2025, the Additional Loan plus accrued interest is added to the outstanding Horizon Loan balance and the Horizon Loan repayment terms as set out above will apply. In terms of the Sale Agreement, the Additional Loan will now be advanced to Trigon no later than thirty calendar days after the date of approval of the Transaction by Trigon shareholders. The Additional Loan will be subject to the terms and conditions of the Horizon Loan, and will be repaid by offsetting the loan amount, including accrued interest, against the eighth instalment payment for the Transaction. Fairness Opinion The board of directors of Trigon (the "Board") has received a fairness opinion from Beacon Securities Limited that the consideration to be received by the Company pursuant to the Transaction is fair, from a financial point of view, to Trigon. After reviewing the terms of the Transaction and the fairness opinion, the Board has unanimously approved the Agreement and recommends that shareholders vote in favour of the Transaction. Conditions precedent The Transaction remains subject to approval by no less than 66 2/3% of the votes cast by Trigon Shareholders at the Meeting. The Transaction is subject to the satisfaction of a number of other closing conditions, including the approval of the Namibian Competition Commission, the consent of Sprott, approval of the TSX Venture Exchange, as well as other customary conditions. Deal Protections The Sale Agreement provides for customary deal protection provisions, including non-solicitation covenants on the part of Trigon and a right in favour of the Purchaser to match any unsolicited superior proposal. In the event that the Agreement is terminated in certain circumstances, Trigon has agreed to pay the Purchaser a termination fee equal to one times the principal outstanding under the Loan Agreement. In the event that Trigon shareholder approval has not been obtained by the date (the "Right to Match Expiry Date") that is the earlier of (i) the date that is two months from the date of the Meeting, and (ii) the date that is six months from the date of the Sale Agreement, the Purchaser will retain a right to match with respect to any acquisition proposal or superior proposal received by Trigon which shall expire within 30 days from the date the Purchaser receives the written notice from Trigon of such proposal. This right shall terminate on the date that is six (6) months from the Right to Match Expiry Date. Further details of the Transaction, including voting procedures and a copy of the fairness opinion, will be provided in the management information circular to be provided in anticipation of the Meeting, which will be available under the Company's profile on SEDAR+ at Trigon Metals Inc. Trigon is a publicly-traded Canadian exploration and development company with its core business focused on copper and silver holdings in mine-friendly African jurisdictions. Currently, the company has operations in Namibia and Morocco. In Namibia, the Company holds a 100% interest in the Kalahari Copperbelt Project and an 80% interest in five mining licences in the Otavi Mountainlands where the Company operates the Kombat Mine. In Morocco, the Company is the holder of the Silver Hill and Addana projects, highly prospective copper and silver exploration projects. Cautionary Notes This news release may contain forward-looking statements. These statements include statements regarding the Sale Agreement, the Loan Agreement, the Additional Loan, the timing of the payment of the consideration, the Company's ability to satisfy the conditions to closing the Transaction, the Transaction, the price of copper, the ability to restart the Kombat mine, the Company's strategies and the Company's abilities to execute such strategies, the Company's expectations for the Kombat Mine, and the Company's future plans and objectives. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws. Neither 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. View source version on Contacts For further information, contact: Tom Panoulias +1 647 276 6002 x 1127IR@ Website:
