Alternative Earth Resources Extends Proposed Closing of Acquisition of Black Sea

VANCOUVER, Dec. 18, 2015 /CNW/ - Alternative Earth Resources Inc. ("AER") (TSX.V: AER) announced that it has agreed with Black Sea Copper & Gold Corp. ("Black Sea") and the securityholders of Black Sea to extend the closing date of the proposed acquisition of Black Sea until December 31, 2015.

Management and the directors of AER are considering all of legal options available to AER, which may include an appeal of the decision of the British Columbia Supreme Court in the legal proceedings commenced by Jaguar Financial Corporation against AER and its directors. Refer to the AER News Releases dated December 3, 2015, and December 10, 2015 for additional details.

Forward Looking Statements: This news release contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Forward-looking statements in this release include statements regarding the timing and completion of the private placement, the execution of the definitive agreement and closing of the BSCG acquisition. Factors that could cause such differences include: the financing and the acquisition may not be completed for any reason whatsoever, including that the regulators may not approve them, changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. In addition to other factors and assumptions which may be identified in this press release, assumptions have been made regarding and are implicit in, among other things, the timely receipt of any required regulatory approvals. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.

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.

SOURCE Alternative Earth Resources Inc.

Copyright 2015 Canada NewsWire