WHETSTONE MINERALS ANNOUNCES ANTICIPATED CLOSING DATE FOR ACQUISITION AND PRIVATE PLACEMENT
2011年1月1日 - 3:39AM
PR Newswire (Canada)
CALGARY, Dec. 31 /CNW/ -- CALGARY, Dec. 31 /CNW/ - (TSX Venture:
WMI) - Whetstone Minerals Ltd. ("Whetstone") announces that,
further to its press releases dated November 2, 2010 and December
1, 2010, Whetstone anticipates that, subject to the receipt of all
necessary regulatory approvals (including TSXV approval), it will
complete the previously announced acquisition (the "Acquisition")
of the outstanding share of DGL Investments Number Four Mauritius
from Duration Gold Limited in consideration for the issuance of
45,000,000 common shares of Whetstone to Duration and the private
placement financing of 50,000,000 common shares of Whetstone at an
issue price of U.S.$0.10 per share (the "Private Placement") on or
about January 24, 2011. The reason for the delay in the
anticipated closing date is that Whetstone is awaiting the approval
of the Zimbabwe Reserve Bank required in connection with the
offering of 20,000,000 common shares to Zimbabweans as part of the
Private Placement. Forward-Looking Statements In the interest
of providing Whetstone shareholders and potential investors with
information regarding Whetstone including management's assessment
of the future plans and operations of Whetstone, certain statements
contained in this press release constitute forward-looking
statements or information (collectively "forward-looking
statements") within the meaning of applicable securities
legislation. In particular, this press release contains, without
limitation, forward-looking statements pertaining to the following:
the anticipated timing of the completion of the Acquisition and the
Private Placement. With respect to forward-looking statements
contained in this press release, Whetstone has made assumptions
regarding, among other things: its ability to obtain the necessary
regulatory approvals to complete the Acquisition and the Private
Placement and its ability to raise the necessary funds to complete
the Private Placement. Although Whetstone believes that the
expectations reflected in the forward looking statements contained
in this press release, and the assumptions on which such
forward-looking statements are made, are reasonable, there can be
no assurance that such expectations will prove to be correct.
Readers are cautioned not to place undue reliance on
forward-looking statements included in this press release, as there
can be no assurance that the plans, intentions or expectations upon
which the forward-looking statements are based will occur. By their
nature, forward-looking statements involve numerous assumptions,
known and unknown risks and uncertainties that contribute to the
possibility that the predictions, forecasts, projections and other
forward-looking statements will not occur, which may cause
Whetstone's actual performance and financial results in future
periods to differ materially from any estimates or projections of
future performance or results expressed or implied by such
forward-looking statements. These risks and uncertainties include,
among other things, the following: the failure of Whetstone to
obtain the necessary regulatory approvals to complete the
Acquisition and the Private Placement; the failure of Whetstone to
raise the necessary funds to complete the Private Placement; and
general economic conditions in Canada, Zimbabwe and abroad. Readers
are cautioned that this list of risk factors should not be
construed as exhaustive. These risk factors are discussed in
Whetstone's information circular - proxy statement dated November
2, 2010, as filed with Canadian securities regulatory authorities.
The forward-looking statements contained in this press release
speak only as of the date of this press release. Except as
expressly required by applicable securities laws, Whetstone does
not undertake any obligation to publicly update or revise any
forward looking statements, whether as a result of new information,
future events or otherwise. The forward-looking statements
contained in this document are expressly qualified by this
cautionary statement. 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. To view this news release
in HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/December2010/31/c8227.html
p/p tabletr valign="top"td align="left"br/ For further information
please contact the Corporation or Charles Vivian of Pelham Bell
Pottinger: tabletr valign="top"td align="left"Whetstone Minerals
Ltd. br/ Allan Dolan, Chairman and
Interim President and Chief Executive Officerbr/ Phone: +44
(77) 9697 3008/td td align="right" /td td align="left"Pelham
Bell Pottingerbr/ Charles Vivianbr/ Phone: +44 207 861
3126/td/tr/table/td/tr/table piTo be added to Whetstone's private
email list, please contact/ia
href="mailto:info@whetstoneminerals.com"iinfo@whetstoneminerals.com/i/ai./i /p
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