FCO:CC - Fabled Silver Gold Corp Reports Termination of Letter of Intent for Acquisition of Mecatona Property and Transfer to the NEX
(TheNewswire)
Vancouver, British Columbia – TheNewswire - February 7, 2024 – FabledSilver Gold Corp. (“Fabled” or the “Company”)(TSXV:FCO ) ; ( OTC:FBSGF ) , and ( FSE:7NQ) wishes to announce that ithas mutually terminated its letter of intentwith Kootenay Silver Inc. (TSXV: KTN) (“ Kootenay ”) withrespect to the proposed acquisition the Mecaton a Property, as first announced inits press release dated February 21, 2023.
Following a review process by the Company’s board ofdirectors, and consultation with Kootenay and the TSX Venture Exchange(the “ Exchange ”), the Company has determined that is unable to obtainsuitable financing to meet the requirements of the Exchange withrespect to the acquisition.
The Company would like to thank Kootenay for itscooperation during this time.
Fabled also announces that it has terminated itspreviously announced private placement, as described in its newsrelease dated May 18, 2023.
No subscriptions were closed pursuant to the privateplacement and therefore no cash sums were raised or securitiesissued.
Transfer to the NEX
Fabled further announces that it has applied to andreceived the acceptance of the Exchange to be transferred to the NEXboard of the Exchange and resume trading thereon effective February12, 2024 (the “ EffectiveDate ”). The transfer to the NEX is as a resultof the Company’s inability to meet continued listing requirementsfor a TSX Venture Exchange Tier 2 issuer in accordance with ExchangePolicy 2.5.
The Company’s trading symbol will change from FCO toFCO.H on the Effective Date as a result of the transfer. There is nochange in the Company’s name or CUSIP number.
The Company intends to begin reviewing opportunitiesthat will qualify the Company to return to trading on the TSX VentureExchange in future.
About Fabled Silver Gold Corp.
Fabled Silver Gold Corp. is a publicly traded companywhich formerly operated as a mining exploration company but iscurrently focused on identifying new opportunities.
Contact Information:
Mr. Peter J. Hawley, President andC.E.O.
Fabled Silver Gold Corp.
Phone: (819) 316-0919
Neither the TSX Venture Exchange norits Regulations Service Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this news release.
Cautionary NoteRegarding Forward-Looking Information
Certain statements contained in thisnews release constitute "forward-looking information" assuch term is used in applicable Canadian securities laws.Forward-looking information is based on plans, expectations andestimates of management at the date the information is provided and issubject to certain factors and assumptions, including, that theCompany's financial condition and development plans do not change as aresult of unforeseen events and that the Company obtains any requiredregulatory approvals. Forward-lookinginformation includes statements that are not historical facts and aregenerally, but not always, identified by the words"expects," "plans," "anticipates,""believes," "intends," "estimates,""projects," "potential" and similar expressions,or that events or conditions "will," "would,""may," "could" or "should" occur.
Forward-looking information in this document includesstatements concerning the Company’s intention to complete theProposed Acquisition and all other statements that are not statementsof historical fact.
Forward-looking information issubject to a variety of risks and uncertainties and other factors thatcould cause plans, estimates and actual results to vary materiallyfrom those projected in such forward-looking information. Some of therisks and other factors that could cause results to differ materiallyfrom those expressed in the forward-looking statements include, butare not limited to: impacts from the coronavirus or other epidemics,general economic conditions in Canada, the United States and globally;industry conditions, including fluctuations in commodity prices;governmental regulation of the mining industry, includingenvironmental regulation; geological, technical and drilling problems;unanticipated operating events; competition for and/or inability toretain drilling rigs and other services; the availability of capitalon acceptable terms; the need to obtain required approvals fromregulatory authorities; stock market volatility; volatility in marketprices for commodities; liabilities inherent in mining operations;changes in tax laws and incentive programs relating to the miningindustry; as well as the other risks and uncertainties applicable tothe Company as set forth in the Company's continuous disclosurefilings filed under the Company's profile at www.sedarplus.ca . The Company undertakes no obligation toupdate these forward-looking statements, other than as required byapplicable law.
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