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Share Name | Share Symbol | Market | Type |
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Western Prospector Grp. Com Npv | TSXV:WNP | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
Western Prospector Group Ltd. (TSX VENTURE:WNP) ("Western") reports that it has received notice from the Mineral Resources Authority of Mongolia ("MRAM") stating that Western's exploration licenses 7685X and 4969X, which are the primary licenses for Western's Gurvanbulag deposit, have been suspended for three months due to violations cited by inspectors from Mongolia's Atomic Energy Agency. Western has not yet received the English translation of the inspector's report. If Western is not able to satisfy inspectors from Mongolia's Atomic Energy Agency that such violations have been corrected, then Western's licenses 7685X and 4969X may be subject to revocation. Western will provide further updates as information becomes available. A copy of the notice from MRAM is included in the version of this news release available on the company's website, www.westernprospector.com. Note Regarding Forward-Looking Statements This press release and other written or oral communication from the Company may include certain statements that may be considered "forward-looking statements" within the meaning of that phrase under Canadian securities laws. Statements other than historical facts that address possible future events, plans or developments are forward-looking statements. Such statements may be identified by the use of words such as "will", ""may", "expects", "estimate", "intend" or the use of the future or conditional tense. Certain material factors or assumptions were applied in drawing our conclusions and making those forward-looking statements. Forward-looking statements reflect management's current views with respect to possible future events and conditions and, by their nature, are based on management's beliefs and assumptions and subject to known and unknown risks and uncertainties, both general and specific to the Company. Although the Company believes the expectations expressed in such forward-looking statements are reasonable, such statements are not guarantees of future performance and actual results or developments may differ materially from those in our forward-looking statements. Readers are cautioned that risks may change or new risks may emerge. Additional information regarding the material factors and assumptions that were applied in making these forward looking statements as well as the various risks and uncertainties we face are described in greater detail in the "Risk Factors" section of our annual and interim Management's Discussion and Analysis of our financial results and other continuous disclosure documents and financial statements we file with the Canadian securities regulatory authorities which are available at www.sedar.com and available on the Company's website at www.westernprospector.com. The Company undertakes no obligation to update this forward-looking information except as required by applicable law.
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