![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
TSXV:PLL | 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 | - |
Palladon CEO Dale Gilbert stated: "As a result of the TSX-V ruling denying the Palladon - Luxor Letter Agreement of December 4, 2009, the Company was immediately in default on the Luxor Loans and entered into a short term Standstill Agreement expiring March 15, 2010. Through last night the Company was searching for viable financing alternatives to the executed equitization plan. Although disappointed at the Company's inability to find an alternate source to pay off the Luxor Loans, Palladon can now move forward as a debt free enterprise working with Luxor to accomplish an off take agreement and advance the concentrate plant process."
On Behalf of the Board of Directors,
Dale S. Gilbert, President and Chief Executive Officer
About Palladon
Palladon Ventures Ltd. is a junior resource company and remains focused on advancing the Iron Mountain Project, an iron ore mine located west of Cedar City, Utah.
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future, which include the Company's continuing efforts to finance current operations and further development of the Iron Mountain Project. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) a downturn in general economic conditions in North America and internationally, (2) the inherent uncertainties and speculative nature associated with mineral exploration and production, (3) a decreased demand for minerals, (4) any number of events or causes which may delay or cease exploration and development of the Company's property interests, such as environmental liabilities, weather, mechanical failures, safety concerns and labor problems; (5) the risk that the Company does not execute its business plan, (6) inability to retain key employees, (7) inability to finance operations and growth, (8) other factors beyond the Company's control; and (9) the risk that the Company will not be able to raise funds due to Luxor Capital Group. These forward-looking statements are made as of the date of this news release and, except as required by law, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements.
Contacts: Palladon Ventures Ltd. Dale S. Gilbert President & CEO 801.521.5252 801.521.5454 (FAX) info@palladonventures.com www.palladonventures.com
1 Year Palladon Ventures Ltd. Chart |
1 Month Palladon Ventures Ltd. Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions