(TheNewswire)
Vancouver, BC – TheNewswire - March 04, 2024 – EGR Exploration Ltd. (TSXV:EGR) (“ EGR ” or the “ Company ”) ispleased to announce the TSX Venture Exchange has accepted for filingdocumentation with respect to the arm's length acquisition withHarvest Gold Corp. (Harvest Gold) (TSXV:HVG) of a 100% interest in theUrban Barry Property located in the James Bay/Abitibi regionof Quebec. Consideration is $90,000 cash, 2,750,000 common sharesand $300,000 exploration expenditures. The EGR retains a 2% NSR,with the company having the option to repurchase 1% at any timefor $1,000,000.
About EGR Exploration Ltd.
EGR Exploration Ltd. is exploring for gold in theDetour-Fenelon Gold Trend approximately 300 kilometres north ofTimmins, Ontario. EGR’s 40,255 hectare Detour West gold project iscontiguous to Agnico Eagle’s property which contains the Detour LakeGold Mine and is approximately 20 kilometres from the mine, which isalso hosted in the Abitibi Greenstone Belt.
For further informationcontact:
Daniel Rodriguez
CEO & Director
Phone: (604) 353-4080
Email: drodriguez@egrexploration.com
Forward ? Looking Statement (Safe Harbor Statement): This press releasecontains forward-looking statements within the meaning of applicablesecurities laws. The use of any of the words "anticipate","plan", "continue", "expect","estimate", "objective", "may","will", "project", "should","predict", "potential" and similar expressions areintended to identify forward-looking statements. In particular, thispress release contains forward-looking statements concerning theCompany's exploration plans. Although the Company believes that theexpectations and assumptions on which the forward-looking statementsare based are reasonable, undue reliance should not be placed on theforward-looking statements because the Company cannot give anyassurance that they will prove correct. Since forward-lookingstatements address future events and conditions, they involve inherentass umptions,risks and uncertainties. Actual results could differ materially fromthose currently anticipated due to a number of assumptions, factorsand risks. These assumptions and risks include, but are not limitedto, assumptions and risks associated with conditions in the equityfinancing markets, and assumptions and risks regarding receipt ofregulatory and shareholder approvals. Management has provided theabove summary of risks and assumptions related to forward-lookingstatements in this press release in order to provide readers with amore comprehensive perspective on the Company's future operations. TheCompany's actual results, performance or achievement could differmaterially from those expressed in, or implied by, theseforward-looking statements and, accordingly, no assurance can be giventhat any of the events anticipated by the forward-looking statementswill transpire or occur, or if any of them do so, what benefits theCompany will derive from them. These forward-looking statements aremade as of the date of this press release, and, other than as requiredby applicable securities laws, the Company disclaims any intent orobligation to update publicly any forward-looking statements, whetheras a result of new information, future events or results or otherwise.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of theTSX Venture Exchange) accepts responsibility for the adequacy oraccuracy of this release.
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