MGLDF - Medgold Resources provides update on proposed sale of Tlamino Project Serbia
(TheNewswire)
Vancouver, Canada – TheNewswire- November 26, 2021 – Medgold ResourcesCorp. (TSXV:MED), (“Medgold”, the “Company”) reports on thestatus of the previously announced proposed sale of the Company’sTlamino Project to MetalsTech Limited.
MetalsTech has advised the Company that it will not beexercising its option to acquire the Project. As a result, theagreement between the parties has terminated.
Management of the Company is reviewing a number ofalternate strategic options in regard to the Tlamino Project, andcontinues its search for new precious and base metal projects forpotential acquisition.
Medgold is a TSX-V listed, goldexploration companytargeting early-stage properties in the Balkan region. Run by anexperienced management team with a successful track-record of buildingvalue in resource companies , Medgold isfocused on growth through fast-paced exploration and resourcedefinition in the prospective and under-explored Balkan region, and beyond.
Additionalinformation on Medgold can be found on the Company’s website at www.medgoldresources.com and by reviewing theCompany’s page on SEDAR at www.sedar.com .
ON BEHALF OF THE BOARD
Jeremy Crozier, President andCEO
For Further Information,Contact:
Jeremy Crozier(Vancouver ) , +1 604 801 5432,info@medgoldresources.com
Neither the TSXVenture Exchange nor the Investment Industry Regulatory Organizationof Canada accepts responsibility for the adequacy or accuracy of thisrelease.
Certain statementscontained in this news release constitute forward-looking statementswithin the meaning of Canadian securities legislation. Allstatements included herein, other than statements of historical fact,are forward-looking statements and include, without limitation,statements about possible new property acquisitions by the Company. Often, but not always, these forward looking statements can beidentified by the use of words such as “estimate”,“estimates”, “estimated”, “potential”, “open”,“future”, “assumed”, “projected”, “used”,“detailed”, “has been”, “gain”, “upgraded”,“offset”, “limited”, “contained”, “reflecting”,“containing”, “remaining”, “to be”, “periodically”, orstatements that events, “could” or “should” occur or beachieved and similar expressions, including negative variations.
Forward-lookingstatements involve known and unknown risks, uncertainties and otherfactors which may cause the actual results, performance orachievements of the Company to be materially different from anyresults, performance or achievements expressed or implied byforward-looking statements. Such uncertainties and factors include, among others, whether the Company is able to locate and acquire interests insatisfactory projects in the future ; and such other risks detailed from timeto time in the Company’s quarterly and annual filings withsecurities regulators and available under the Company’s profile onSEDAR at www.sedar.com. Although the Company has attempted toidentify important factors that could cause actual actions, events orresults to differ materially from those described in forward-lookingstatements, there may be other factors that cause actions, events orresults to differ from those anticipated, estimated orintended.
Forward-lookingstatements contained herein are based on the assumptions, beliefs,expectations and opinions of management, including but not limited to:that the Company’s stated goals and planned exploration anddevelopment activities will be achieved; that there will be nomaterial adverse change affecting the Company or its properties; andsuch other assumptions as set out herein. Forward-looking statementsare made as of the date hereof and the Company disclaims anyobligation to update any forward-looking statements, whether as aresult of new information, future events or results or otherwise,except as required by law. There can be no assurance thatforward-looking statements will prove to be accurate, as actualresults and future events could differ materially from thoseanticipated in such statements. Accordingly, investors should notplace undue reliance on forward-looking statements.
Copyright (c) 2021 TheNewswire - All rights reserved.