(TheNewswire)
August 3, 2021 – TheNewswire - Vancouver, B.C. - Galore Resources Inc. (TSXV:GRI) (OTC:GALOF) wishes toinform its Shareholders and prospective investors that we are aware ofthe pending amendment to the SEC Rule 15c2-11 that will requirecompanies quoted on the US market to disclose current information on acontinuous basis, effective September 28, 2021. Many of our shareholders have received notifications fromtheir brokers that the United States symbol GALOF will be affected bythis new regulation and Galore's management wishes to assure itsshareholders that it is taking the necessary steps and will be filingthe necessary applications that will allow the Company's shares tocontinue being traded in the United States.
Management has been implementing a definitive plan tobest manage the new requirements in line with our current businessobjectives. Over the past year, Management has been diligentlyworking to better situate Galore for the future and it has beensuccessful in its initial priorities. In order to maintain ourprimary goals for the future, Management intends for Galore to pursuethe steps necessary in order to be in compliance with the new SECrules and regulations, with a goal to have this achieved by October of2021. This current plan will not meet the September 28 th deadline whichmay cause some concern to our US based shareholders and their abilityto sell their securities. However unfortunate, Management’s plansfor managing the situation allows the Company to better meet itsprimary business objectives to secure a more stable future for theCompany that all investors will benefit from the most.
If you have any questions or concerns, please feel freeto reach out to us directly at info@galoreresources.com .
About Galore Resources
Galore Resources is a mineralexploration and development company whose focus is to make and developsignificant mineral discoveries, which are supported by a sustainablebusiness model. Our goal is to discover a world-class gold and silverdeposit in Mexico. Our flagship project is in the heart of theConcepcion del Oro Mining District, the Dos Santos Project. Thisproject covers two historic gold zones and has the potential to hostbulk tonnage gold-silver deposits based on past drilling, trenchingand a recent airborne geophysical survey.
ON BEHALF OF THE BOARD
“Michael McMillan”
President and CEO
To find out more about Galore Resources (TSX.V:GRI)please contact: info@galoreresources.com
Mike McMillan at (210) 860-9212 (USA)
Please visit our website at www.galoreresources.com or contactus at info@galoreresources.com .
Cautionary Statement: This document contains“forward-looking statements” within the meaning of applicableCanadian securities regulations including, but not limited to, theability for Galore to meet the new listing requirements under thepending amendments to SEC Rule 15c2-11. All statements other thanstatements of historical fact herein, including, without limitation,statements regarding exploration plans and other future plans andobjectives, are forward-looking statements that involve various risksand uncertainties. There can be no assurance that such statements willprove to be accurate and future events and actual results could differmaterially from those anticipated in such statements. Importantfactors that could cause actual results to differ materially from ourexpectations as well as a comprehensive list of risk factors aredisclosed in the Company’s documents filed from time to time viaSEDAR with the Canadian regulatory agencies to whose policies we arebound. Forward-looking statements are based on the estimates andopinions of management on the date the statements are made, and we donot undertake any obligation to update forward-looking statementsshould conditions or our estimates change, other than as required bylaw and readers are further advised not to place undue reliance onforward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider(as that term is defined in the policies of the TSX Venture Exchange)accepts responsibility for the adequacy or accuracy of this release.
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