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TGX TGX Energy and Resources Inc

0.065
0.00 (0.00%)
04 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
TGX Energy and Resources Inc TSXV:TGX 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% 0.065 0.05 0.065 30 12:02:12

True North Gems Appoints Jens B. Frederiksen as Executive Vice President for True North Gems Greenland

22/01/2014 6:01pm

Marketwired Canada


True North Gems Inc. (TSX VENTURE:TGX) ("True North" or the "Company") today
announced that it has appointed Mr. Jens B. Frederiksen as Executive Vice
President for its wholly owned Greenland subsidiary, True North Gems Greenland
A/S. 


"On behalf of True North, I am delighted to welcome Jens B. Frederiksen to our
Greenland team. Mr. Frederiksen brings a great depth of knowledge and experience
in Greenlandic and International affairs due to his prominent role in Politics
and Law Enforcement," stated Nicholas Houghton, President and CEO of True North
Gems. 


Mr. Frederiksen previously served the country as the Vice Premier and Minister
for Housing, Infrastructure and Transport during his nine year tenure as a
member of Parliament in Greenland. He also brings extensive experience in
security, logistics and personnel management through his prior twenty-three year
career with the Greenland Police Force.


"We are extremely pleased that we have been able to attract Jens. The experience
and competencies he brings will be a significant addition as we prepare for
future production," expressed Bent Olsvig Jensen, Managing Director of True
North Gems Greenland.  "It's an incredibly exciting time for True North and we
all look forward to working closely to further develop the Aappaluttoq Ruby
Mine."


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act") or any state securities laws and may not
be offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.


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. 


This document contains "forward-looking information" and "forward-looking
statements" (together, "forward-looking statements") within the meaning of
applicable securities legislation, which are made as of the date of this
document or the document(s) referred to herein. Statements that express
predictions, expectations, beliefs, plans, projections, objectives, assumptions
or future events or performance (often, but not always, using words or phrases
such as "expects", "anticipates", "plans", "projects", "estimates", "intends",
"strategy", "goals", "objectives" or variations thereof or stating that certain
actions, events or results "may", "could", "would", "might" or "will" be taken,
occur or be achieved, or the negative of any of these terms and similar
expressions) are not statements of historical fact and may be forward-looking
statements. Forward-looking statements include, without limitation, statements
with respect to: the amount of mineral reserves and mineral resources; the
amount of future production over any period; net present value and internal
rates of return of the proposed mining operation; capital costs; operating
costs; strip ratios and mining rates; and mine life. The forward-looking
statements are made based upon certain assumptions which, if untrue, could cause
the actual results, performances or achievements of the Company to be materially
different from future results, performances or achievements expressed or implied
by the forward-looking statements. These assumptions include, without
limitation: the price of gemstone products produced; anticipated costs; the
presence of and continuity of gemstones at modeled grades and values; the
capacities of various machinery and equipment; the availability of personnel,
machinery and equipment at estimated prices; exchange rates; appropriate
discount rates; tax rates applicable to the proposed mining operation; financing
structure and costs; anticipated mining losses and dilution; gemstone recovery
rates; reasonable contingency requirements; and receipt of regulatory approvals
on acceptable terms. 

By their very nature, forward-looking statements involve inherent risks and
uncertainties that could cause actual results, performances or achievements to
differ materially from those in the forward-looking statements. These include,
without limitation: price volatility, discrepancies between actual and estimated
production, mineral reserves and resources and metallurgical recoveries, mining
operational and development risks, regulatory restrictions (including
environmental regulatory restrictions and liability), activities by governmental
authorities (including changes in taxation), currency fluctuations, the
speculative nature of gemstone exploration, the global economic climate,
dilution, share price volatility, competition, loss of key employees; additional
funding requirements and defective title to mineral claims or property). This
list is not exhaustive. See also, for example, the risks disclosed in the
Company's other disclosure documents filed at www.sedar.com, including, without
limitation, those disclosed in the Company's management's discussion & analysis.
The Company expressly disclaims any intention or obligation to update or revise
any forward-looking statements, except as otherwise required by applicable
securities legislation.


FOR FURTHER INFORMATION PLEASE CONTACT: 
True North Gems Inc.
Nicholas Houghton
President and CEO
604-687-8055


True North Gems Inc.
Joanna Hall
Corporate Coordinator
604-687-8055
info@truenorthgems.com
www.truenorthgems.com

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