PNN:CC - Pambili receives final TSXV approval for its acquisition of the Golden Valley Mine
(TheNewswire)
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CALGARY, Canada – TheNewswire - (July 2, 2024) –Pambili Natural Resources Corporation ("Pambili" or the"Company") (TSX-V: PNN) is pleased toconfirm that the Company’s Share Purchase Agreement (the“ Transaction ”) with White Satin Investments(Private) Limited (“ WhiteSatin ”) for theacquisition of the Golden Valley Gold Mine (“ GVM ”) nearBulawayo, Zimbabwe has received Final Approval by the TSX VentureExchange (“ TSXV ”).
As stated in Pambili’s news release dated June 20,2024, the Transaction is at arm’s length for purposes of thepolicies of the TSXV. As announced on March 5, 2024, theTSXX deemed the transaction to be a Reviewable Transaction pursuant toPolicy 5.3 ( Acquisitions andDispositions of Non-Cash Assets) of the TSXV’sCorporate Finance Manual.
Having satisfied the requirements of that review, whichincluded the approval of the Company’s updated NI 43-101 TechnicalReport (available on SEDAR and Pambili’s website), the TSXV hasgranted Final Acceptance of the Transaction.
Jon Harris, ChiefExecutive Officer of Pambili, commented:
“The Final Acceptance of theTransaction by the TSXV confirms that the Company has complied withthe exchange requirements. More importantly, it also provides us witha secure platform from which to develop our strategy of consolidatingunder-performing gold mines starved of the capital required to developtheir full potential.
We expect to announce further suchacquisitions in due course.”
For further details on the Transaction, please refer toour news release dated June 20, 2024.
About Pambili Natural ResourcesCorporation: Pambili Natural ResourcesCorporation is a natural resources exploration and development company( www.pambilinrc.com ) currently active in Zimbabwe and in theprovince of Alberta.
For further information,contact:
Pambili NaturalResources Corporation
T : 403 2774421
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.
Caution regarding forward-lookinginformation and forward-looking statements: Certain information setforth in this news release may contain forward-looking statements thatinvolve substantial known and unknown risks and uncertainties.Forward-looking statements are often, but not always, identified bywords such as “believes”, “may”, “likely”, “plans”, orsimilar words. Forward- looking statements included in this newsrelease include statements with respect to work to be done on theHappy Valley mine in Zimbabwe. These forward-looking statements aresubject to numerous risks and uncertainties, certain of which arebeyond the control of the Corporation, including, but not limited tothe impact of general economic conditions, industry conditions,currency fluctuations, and dependence upon regulatory approvals. TheCorporation does not assume any obligation to update theforward-looking statements to reflect changes in assumptions orcircumstances other than as required by applicable law.
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