Spur Ventures Provides Update on Proposed Merger With Atlantic Gold
2014年5月8日 - 5:48AM
Marketwired
Spur Ventures Provides Update on Proposed Merger With Atlantic Gold
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 7, 2014) - Spur
Ventures Inc. (TSX-VENTURE:SVU) ("Spur") announces that further to
the terms of the Heads of Agreement (the "HOA") with Atlantic Gold
NL ("Atlantic"), the details of which were announced in a news
release dated April 7, 2014, Spur and Atlantic have mutually agreed
to a 7 calendar day extension to the exclusivity period (the
"Extension") to allow for finalization of definitive agreements.
The extension is not expected to impact the overall timetable in
respect of the Transaction.
About Atlantic
Atlantic is an Australian Securities Exchange ("ASX") listed
company focused on the exploration and development of the Touquoy
project (which is at an advanced stage and has all major permits in
place) and the Cochrane Hill project (which is at an earlier stage
of development) located within the Meguma Terrane in the province
of Nova Scotia. The Meguma Terrane is host to a historic gold
region which has been largely underexplored using modern
exploration techniques over the last 20 years and remains highly
prospective for new discoveries. Of particular interest are larger
shale hosted disseminated, near surface deposits, suitable for open
pit mining, with characteristics similar to the Touquoy
project.
About Spur Ventures Inc.
Spur is listed on the TSX Venture Exchange, and has a registered
office at Suite 3083, Three Bentall Centre, 595 Burrard Street,
Vancouver, B.C. Canada. Spur is focused on potential acquisitions
in gold, base metals or other mineral related assets advanced
stages of development where the balance of technical and
geopolitical risk will result in increased value to Spur's
shareholders.
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.
Forward-Looking Statements:
This release contains certain "forward-looking statements"
and certain "forward-looking information" as defined under
applicable Canadian and U.S. securities laws. Forward-looking
statements and information can generally be identified by the use
of forward-looking terminology such as "may", "will", "expect",
"intend", "estimate", "anticipate", "believe", "continue", "plans"
or similar terminology. Forward-looking statements and information
are not historical facts, are made as of the date of this press
release, and include, but are not limited to, statements regarding
discussions of future plans, guidance, projections, objectives,
estimates and forecasts and statements as to management's
expectations with respect to, among other things, the transactions
contemplated under the HOA, the Scheme, the Alternative
Transaction, the share purchase program recently announced by
Atlantic and otherwise in connection with the proposed Transaction,
any benefits to any shareholder of either Spur or Atlantic that may
result from the proposed Transaction, the listing of common shares
and Spur Warrants issued under the Transaction on the ASX, and the
timing and receipt of requisite regulatory, court and shareholder
approvals in respect thereof. These forward-looking statements
involve numerous risks and uncertainties and actual results may
vary. Important factors that may cause actual results to vary
include without limitation, certain transactions, the successful
completion of the Transaction, the timing and receipt of certain
approvals, changes in commodity and power prices, changes in
interest and currency exchange rates, risks inherent in exploration
results, timing and success, inaccurate geological and
metallurgical assumptions (including with respect to the size,
grade and recoverability of mineral reserves and resources),
unanticipated operational difficulties (including failure of plant,
equipment or processes to operate in accordance with
specifications, cost escalation, unavailability of materials,
equipment and third party contractors, delays in the receipt of
government approvals, industrial disturbances or other job action,
and unanticipated events related to health, safety and
environmental matters), political risk, social unrest, and changes
in general economic conditions or conditions in the financial
markets.
In making the forward-looking statements in this press
release, Spur has applied several material assumptions, including
without limitation, the assumptions that: (1) the receipt of
necessary consents and approvals and satisfaction of all conditions
precedent for the completion of the Transaction in a timely manner;
(2) market fundamentals will result in sustained gold demand and
prices; (3) the receipt of any necessary approvals and consents in
connection with the development of any new properties; (4) the
availability of financing on suitable terms for the development,
construction and continued operation of any mineral properties; and
(5) sustained commodity prices such that any properties in or put
into operation remain economically viable. Information concerning
mineral reserve and mineral resource estimates also may be
considered forward-looking statements, as such information
constitutes a prediction of what mineralization might be found to
be present if and when a project is actually developed. Certain of
the risks and assumptions are described in more detail in the
Spur's audited financial statements and MD&A for the year ended
December 31, 2012 and the quarter ended September 30, 2013 on the
SEDAR website at www.sedar.com. The actual results or performance
by Spur could differ materially from those expressed in, or implied
by, any forward-looking statements relating to those matters.
Accordingly, no assurances can be given that any of the events
anticipated by the forward-looking statements will transpire or
occur, or if any of them do so, what impact they will have on the
results of operations or financial condition of Spur. Except as
required by law, we are under no obligation, and expressly disclaim
any obligation, to update, alter or otherwise revise any
forward-looking statement, whether written or oral, that may be
made from time to time, whether as a result of new information,
future events or otherwise, except as may be required under
applicable securities laws.
Spur Ventures Inc.John MorganPresident and CEO1 (604)
689-5564questions@spur-ventures.comSpur Ventures Inc.Irfan
ShariffCFO and Corporate Secretary1 (604)
689-5564www.spur-ventures.com
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