Bluerock Initiates Temporary Shutdown of US Uranium Mining Operations
2008年10月7日 - 10:47PM
Marketwired Canada
Bluerock Resources Ltd. (TSX VENTURE:BRD) ("the Company") announces a two week
shutdown of US operations while the Company works to ensure adequate working
capital to allow for continued development and production at its US Uranium
Mining Operations.
The Company has held and continues to hold discussions with several pubic and
non-public companies as it works to recapitalize operations and move forward
with it's plan of becoming a significant Uranium producer in the US south west.
Bluerock Resources Ltd. is a uranium mining company focused on developing
tomorrow's energy today through the acquisition and development of conventional
uranium resources.
ON BEHALF OF THE BOARD OF DIRECTORS
Michael Collins, President and CEO
FORWARD LOOKING INFORMATION DISCLAIMER
Certain of the statements made and information contained herein is
"forward-looking information" within the meaning of the Ontario Securities Act
and the Alberta Securities Act, including statements concerning our plans at our
mineral projects, which involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements of the
Company to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking information.
Forward-looking information is subject to a variety of risks and uncertainties
which could cause actual events or results to differ from those reflected in the
forward-looking information, including, without limitation, failure to establish
mineral resources; delays in obtaining or failure to obtain required
governmental, environmental or other project approvals; changes in national and
local government legislation or regulations regarding environmental factors,
royalties, taxation or foreign investment; political or economic instability;
terrorism; inflation; changes in currency exchange rates; fluctuations in
commodity prices; delays in the development of projects; shortage of personnel
with the requisite knowledge and skills to design and execute exploration
programs; difficulties in arranging contracts for drilling and other exploration
and development services; dependency on equity market financings to fund
programs and maintain and develop mineral properties; risks associated with
title to resource properties, and difficulties of determining the validity of
certain tenures and other risks and uncertainties, including those described in
each management discussion and analysis. In addition, forward-looking
information is based on various assumptions including, without limitation, the
expectations and beliefs of management; the assumed long-term price of U308; the
availability of permits and surface rights; access to financing, equipment and
labour and that the political environment within Canada, the United States of
America will continue to support the development of environmentally safe uranium
mining projects. Should one or more of these risks and uncertainties
materialize, or should underlying assumptions prove incorrect, actual results
may vary materially from those described in forward-looking statements.
Accordingly, readers are advised not to place undue reliance on forward-looking
information. Except as required under applicable securities legislation, the
Company undertakes no obligation to publicly update or revise forward-looking
information, whether as a result of new information, future events or otherwise.