DGO:CC - Durango to Present at PDAC 2023 on March 5 & 6
(TheNewswire)
Vancouver, BC - TheNewswire -February 6, 2023 – Durango Resources Inc. (TSXV:DGO) (Frankfurt-86A1)(OTC:ATOXF), (the “ Company ” or“ Durango ”) invites you to visit the Company at Booth 2419A duringthe annual Prospectors & Developers Association of Canada(“PDAC”) at the Metro Toronto Convention Centre on Sunday March5 th and Monday March 6 th .
Representatives from the Company will be available todiscuss Durango’s properties throughout the convention period.Attendees may visit Booth #2419A where the Company will present rocksamples and exploration information from its 100% owned DiscoveryProperty.
On January 31 st , the Company announced the closing of aprivate placement of $823,500 and four insiders participated in theplacement. Because of insider participation in the financing, it was arelated party transaction within the meaning of TSXV Policy 5.9 andMultilateral Instrument 61-101 Protection of Minority Security Holdersin Special Transactions ("MI 61-101"), the Company intendsto rely on exemptions from the formal valuation and minority approvalrequirements, as neither the fair market value of the securities beingissued to insiders, nor the consideration being paid by such insiders,exceeds 25% of the Company's market capitalization. The offering issubject to final approval from the TSX Venture Exchange.
About Discovery
The Discovery Property is located on strike to thesouthwest of the past producing Troilus gold mine and neighboursTroilus Gold Corp. (TSX-TLG). The Discovery Property is over 6,500hain size and covers an important geological northeast to southwestregional structure. The Discovery Property has great road access andis accessible year-round via the Route du Nord.
About PDAC
The World’s Premier Mineral Exploration & MiningConvention is the leading event for people, companies andorganizations connected to mineral exploration. This annual conventionin Toronto, Canada is known for attracting up to 30,000 attendees fromover 130+ countries for its educational programming, networkingevents, outstanding business opportunities and fun. Since it began in1932, the PDAC Convention has grown in size, stature and influence.Today, it is the event of choice for the world’s mineral industryhosting more than 1,100 exhibitors and 2,500 investors. Register (pdac.ca)
About Durango
Durango is a natural resources company engaged in theacquisition and exploration of mineral properties. The Company ispositioned for discovery with a 100% interest in a strategicallylocated group of properties in the Troilus gold camp and in theWindfall Lake gold camp in the Abitibi region of Québec ,Canada.
For further information on Durango, please refer to itsSEDAR profile at www.sedar.com .
Marcy Kiesman, CEO
Telephone: 604.428.2900 or 604.339.2243
Email: durangoresourcesinc@gmail.com
Website: www.durangoresourcesinc.com
Forward-Looking Statements
This news release contains “forward?lookinginformation or statements” within the meaning of applicablesecurities laws, which may include, without limitation, statementsthat address the upcoming work programs, and other statements relatingto the business, financial and technical prospects of the Company. Allstatements in this news release, other than statements of historicalfacts, that address events or developments that the Company expects tooccur, are forward-looking statements. Although the Company believesthe expectations expressed in such forward-looking statements arebased on reasonable assumptions, such statements are not guarantees offuture performance and actual results may differ materially from thosein the forward-looking statements.
Such statements and information are based on numerousassumptions regarding present and future business strategies and theenvironment in which the Company will operate in the future, includingthe price of minerals, the ability to achieve its goals, the COVID-19pandemic, that general business and economic conditions will not change in a material adverse manner, thatfinancing will be available if and when needed and on reasonableterms. Such forward-looking information reflects the Company’s viewswith respect to future events and is subject to risks, uncertaintiesand assumptions, including those filed under the Company’s profileon SEDAR at www.sedar.com . Factors that couldcause actual results to differ materially from those in forwardlooking statements include, but are not limited to, continuedavailability of capital and financing and general economic, market orbusiness conditions. The Company does not undertake to updateforward?looking statements or forward?looking information, exceptas required by law.
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.
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