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LAK

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Delayed by 15 minutes
Share Name Share Symbol Market Type
TSXV:LAK TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Lakeside Minerals Inc. Announces Amendment to Launay Property Agreement

18/06/2014 9:27pm

Marketwired Canada


Lakeside Minerals Inc. (TSX VENTURE:LAK) (the "Company") is pleased to announce
it has amended the terms to its Launay property agreement (which had been was
entered into prior to listing). 


The final payment of the $45,000 which had been due on June 1st, 2014 has now
been restructured as follows: 




--  $30,000 will be payable in shares for a total issuance of 600,000 shares
    at $0.05 
--  $15,000 will be payable on June 30th, 2014 
--   An additional $15,000 will be payable on December 15th, 2014 



The December 15th payment will be the final property payment after which
Lakeside will have no further obligations to the vendors under the agreement.
All other terms of the agreement of the Launay property remain the same. The
issuance of common shares of the Company as consideration for the amendment of
the Launay property agreement is subject to the final approval of the TSX
Venture Exchange. The issuance of the Shares will not result in a change of
control of the Company and will be subject to a four-month hold period from the
date of issuance. 


About Lakeside Minerals Inc. 

Lakeside Minerals Inc. is engaged in acquiring, exploring, and developing
mineral properties. The Company's flagship Launay property is 102.5 km2 land
package located in the heart of the Abitibi, 48 km northeast of Rouyn-Noranda.
The Launay property straddles nearly 22 km of the Macamic deformation zone: a
major deformation zone in the Abitibi subprovince located north of the
Porcupine-Destor deformation zone. Claims cover a 17 km long trend of known gold
occurrences, several of which display significant historical and recent gold
drill intersections. Lakeside is also pursuing potential acquisitions of
interests in undervalued mineral exploration properties with a view to long term
value appreciation and the eventual development of a "project generator"
business model.


FORWARD-LOOKING STATEMENTS: Certain of the information contained in this news
release may contain "forward-looking information". Forward-looking information
and statements may include, among others, statements regarding the future plans,
costs, objectives or performance of Lakeside Minerals Inc. (the "Company"), or
the assumptions underlying any of the foregoing. In this news release, words
such as "may", "would", "could", "will", "likely", "believe", "expect",
"anticipate", "intend", "plan", "estimate" and similar words and the negative
form thereof are used to identify forward-looking statements. Forward-looking
statements should not be read as guarantees of future performance or results,
and will not necessarily be accurate indications of whether, or the times at or
by which, such future performance will be achieved. Forward-looking statements
and information are based on information available at the time and/or
management's good-faith belief with respect to future events and are subject to
known or unknown risks, uncertainties, assumptions and other unpredictable
factors, many of which are beyond the Company's control. The Company does not
intend, nor does the Company undertake any obligation, to update or revise any
forward-looking information or statements contained in this news release to
reflect subsequent information, events or circumstances or otherwise, except if
required by applicable laws.


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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Lakeside Minerals Inc.
Yannis Banks
President and CEO
(416) 777-6169
ybanks@foundationmarkets.com
www.lakesideminerals.com

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