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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Prosper Gold Corp | TSXV:PGX | 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% | 0.10 | 0.10 | 0.105 | 0.10 | 0.10 | 0.10 | 29,000 | 16:43:40 |
Should CAVU not exercise the 51% option in full, Prosper will have a 30-day period from the termination date of the Option to purchase CAVU’s 49% interest in the Star Project for a lump sum cash payment of $500,000.
“Prosper is focused in Red Lake at its flagship Golden Sidewalk Project,” commented Pete Bernier, President & CEO, “The Star has sat idle for a number of years and Prosper will become a significant shareholder of CAVU through the transaction. This will provide Prosper shareholders with exposure to active exploration on two high quality assets.”
The parties intend to enter into a definitive option agreement which will govern the Proposed Transaction (the “Definitive Agreement”).
For a detailed overview of Prosper please visit www.ProsperGoldCorp.com ON BEHALF OF THE BOARD OF DIRECTORS
Per: “Peter Bernier” Peter BernierPresident & CEO
For further information, please contact:
Peter BernierPresident & CEOProsper Gold Corp.Cell: (250) 316-6644Email: Pete@ProsperGoldCorp.com
Unless otherwise specified, all dollar amounts used herein refer to the law currency of Canada.
Certain information in this news release constitutes forward-looking statements under applicable securities law. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “intend” and similar expressions. Forward-looking statements in this news release include, but are not limited to, statements with respect to the Option and the Definitive Agreement. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, the Company’s ability to implement its business strategies; risks associated with mineral exploration and production; risks associated with general economic conditions; adverse industry events; marketing and transportation costs; loss of markets; volatility of commodity prices; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; industry and government regulation; changes in legislation, income tax and regulatory matters; competition; currency and interest rate fluctuations; and other risks. Readers are cautioned that the foregoing list is not exhaustive.
Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this news release represent 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 any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
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