VG:CC - Volcanic Gold Proposes Extension of Previously Issued Share Purchase Warrants
(TheNewswire)
April 5, 2023 – TheNewswire - Vancouver, British Columbia – Volcanic Gold Mines Inc.(TSXV:VG) (“Volcanic” or the “Company”) announces that its management hasdetermined that it is in the best interests of the Company to extendthe expiry date of certain common share purchase warrants exercisableat $0.70 per share which were issued in October 2020 pursuant to theCompany’s public offering and concurrent private placement.
The original expiry date of these warrants of April 20,2022 was previously extended to April 20, 2023, and it is nowproposed, subject to TSX Venture Exchange acceptance, that the expirydate of:
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6,273,250 outstanding warrants issued pursuant to thepublic offering, and
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1,558,550 outstanding warrants issued pursuant to theconcurrent private placement,
be extended by a further year, to April 20,2024.
Volcanic brings together an experienced andsuccessfu l mining, exploration and capitalmarkets team focused on building multi-million -ounce gold and silver resources in underexplored countries. Through the strategic acquisition ofmineral properties with demonstrated potential for hosting gold andsilver resources, and by undertaking effective exploration and drillprograms, Volcanic intends to become a leading gold-silver company.
For further information, visit our website at www.volgold.com .
Volcanic Gold Mines Inc.
Simon Ridgway, President and CEO
Neither the TSX Venture Exchange nor the Investment IndustryRegulatory Organization of Canada accepts responsibility for theadequacy or accuracy of this release.
Forward-looking statements
Certain statements contained in this news release constituteforward-looking statements within the meaning of Canadian securitieslegislation. All statements included herein, other than statements ofhistorical fact, are forward- looking statements and include, withoutlimitation, statements about the proposed warrantextension . Often, but not always, these forward-lookingstatements can be identified 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-looking statements involve known and unknown risks,uncertainties and other factors which may cause the actual results,performance or achievements of the Company to be materially differentfrom any results, performance or achievements expressed or implied byforward-looking statements. Such uncertainties and factors include,among others, whether the proposed warrant extensionwill be completed as intended; the uncertaintiesinherent in the mineral resource estimates; whether theCompany’s planned exploration work will be proceed as intended;whether the Company will acquire any new property interests inGuatemala; changes in general economic conditions and financialmarkets; the Company or any joint venture partner not having thefinancial ability to meet its exploration and development goals; risksassociated with the results of exploration and development activities,estimation of mineral resources and the geology, grade and continuityof mineral deposits; unanticipated costs and expenses; and such otherrisks detailed from time to time in the Company’s quarterly andannual filings with securities regulators and available under theCompany’s profile on SEDAR at www.sedar.com. Although the Company has attemptedto identify important factors that could cause actual actions, eventsor results to differ materially from those described inforward-looking statements, there may be other factors that causeactions, events or results to differ from those anticipated, estimatedor intended.
Forward-looking statements contained herein are based on theassumptions, beliefs, expectations and opinions of management,including but not limited to: that the proposed warrantextension will be completed as intended; that the Company’sstated goals and planned exploration and development activities willbe achieved; that there will be no material adverse change affectingthe Company or its properties; and such other assumptions as set outherein. Forward-looking statements are made as of the date hereof andthe Company disclaims any obligation to update any forward-lookingstatements, whether as a result of new information, future events orresults or otherwise, except as required by law. There can be noassurance that forward-looking statements will prove to be accurate,as actual results and future events could differ materially from thoseanticipated in such statements. Accordingly, investors should notplace undue reliance on forward-looking statements.
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