Latest news with #prospectus
Reuters
a day ago
- Business
- Reuters
UK financial watchdog rolls out new rules to boost capital markets
LONDON, July 15 (Reuters) - Britain's financial regulator will scrap the need for most listed companies to publish lengthy prospectus documents before issuing new shares as part of its latest efforts to boost the appeal of the country's public markets. After consulting with the industry on the plans last year, the Financial Conduct Authority said on Tuesday that companies already listed on London's markets will only have to draw up a prospectus document if they are raising more than 75% of their existing share capital, up from the existing threshold of 20%. Prospectuses offer details on companies raising capital and include information on areas like financial records and the size of the offering. Stripping back those rules would make it easier for companies to raise the money they need to grow, the FCA said. The change is one of several designed to ease the way that companies can raise money after a slump in activity on Britain's public markets in recent years. 'These bold shifts promote innovation, lower costs, and enable a broader investor base for growing businesses,' said Simon Walls, executive director of markets at the FCA, in a statement. As part of the wider package of reforms, the time between a prospectus being issued and an initial public offering will also be halved to three days in a bid to help companies list more quickly. Firms will be able to issue bonds to retail investors more easily with a single disclosure standard bond prospectus, the FCA said. The regulator also has set up a new platform for public offers, akin to crowdfunding but for larger deals, whereby companies can make larger offers of shares or bonds without a lengthy prospectus above 5 million pounds, it said. The changes were confirmed by the regulator ahead of a speech by Britain's finance minister Rachel Reeves at the Mansion House in London on Tuesday, in which she will task regulators with lowering barriers to businesses seeking to cut their emissions, a government source told Reuters previously. The FCA's latest reforms follow a wider package of changes to the listing rules introduced last July, which it described as the biggest shake up in the rules in 30 years.
Bloomberg
a day ago
- Business
- Bloomberg
UK to Pursue Plans to Cut Corporate Fundraising Paperwork
The UK's Financial Conduct Authority is pushing ahead with plans to make it easier for companies to tap markets for more funds, acknowledging that the reforms come with risks for investors and companies. The FCA said on Tuesday that listed companies can raise a further 75% of their equity capital without issuing a prospectus, lifting the threshold from 20%. The FCA estimated it will reduce costs for secondary sales by about £40 million ($53.7 million) per year.
Yahoo
5 days ago
- Business
- Yahoo
Orezone Lodges Prospectus to Raise A$75 Million as Part of ASX Listing
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, July 11, 2025 (GLOBE NEWSWIRE) -- Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (the 'Company' or 'Orezone') is pleased to announce that it has today lodged a prospectus ('Prospectus') with the Australian Securities and Investments Commission ('ASIC') for an initial public offering to raise proceeds of A$75.0 million (before associated costs) ('Offer'). The Prospectus will assist the Company to meet the requirements of the Australian Securities Exchange ('ASX') and satisfy Chapters 1 and 2 of the ASX Listing Rules, as part of the Company's application for admission to the official list of the ASX. Under the Prospectus, the Company is offering 65,789,474 CHESS Depository Interests ('CDIs') over fully paid common shares in the capital of the Company ("Shares") at an offer price of A$1.14 per CDI (the 'Offer Price') to raise gross proceeds of A$75.0 million. Each CDI represents a beneficial interest in one Share. The Company has entered into an underwriting agreement ('Underwriting Agreement') with Canaccord Genuity (Australia) Limited ('Canaccord') under which Canaccord has been appointed as lead manager, bookrunner and underwriter to the Offer. Canaccord has agreed, subject to customary conditions, to underwrite applications for all CDIs under the Offer. Euroz Hartleys Limited, Argonaut Securities Pty Limited, SCP Resource Finance LP and BMO Capital Markets Corp. have been appointed as co-managers to the Offer. Patrick Downey, President and CEO stated, 'We look forward to the ASX listing which will raise the Company's profile by broadening its shareholder base and increase trading liquidity for all shareholders. The listing also represents an exciting opportunity for investors to participate in the Company's growth strategy as we execute on our staged hard rock expansion at the Bomboré Mine which will significantly increase our annual gold production. First gold from the stage 1 hard rock plant is scheduled for Q4-2025 and production in 2026 from the combined oxide and stage 1 hard rock operations is forecasted to be 170,000 to 185,000 ounces. The stage 2 expansion is forecasted to increase the overall gold production profile at the Bomboré Mine to 220,000 to 250,000 ounces per annum. Subject to funding, ongoing studies and final Board approval, the stage 2 hard rock expansion will commence in H2-2025, with commissioning expected in Q4-2026.' The net proceeds of the Offer will be used for the ongoing advancement of stage 2 of the hard rock expansion, including procurement of mechanical and electrical equipment, freight to site, engineering design and construction plus commissioning of stage 2, as well as ongoing exploration at the Bomboré Mine, in addition to administration and working capital purposes. Additional details of the Offer and the ASX Listing The Offer opened on July 11, 2025 and is expected to close on July 21, 2025. Trading on the ASX is expected to commence on a normal settlement basis on or about August 8, 2025 under the ASX code 'ORE' (subject to the Company satisfying ASX's listing requirements, which it is currently working towards). Using an exchange rate of A$0.895 = C$1.00, the Offer Price per CDI is approximately C$1.02 and the gross proceeds of the Offer is approximately C$67.1 million. The Offer Price represents a 7.2% discount to Orezone's closing price of C$1.10 on the Toronto Stock Exchange ('TSX') on July 9, 2025, and an 8.5% discount to the five-day volume-weighted average price ("VWAP") of C$1.115. In accordance with section 734(6) of the Australian Corporations Act 2001 (Cth), the Company advises in respect of the Offer of CDIs under the Prospectus: The issuer of the CDIs is Orezone Gold Corporation (ARBN 686 478 875). The Prospectus is available online for Australian residents only at: The Offer will only be made in, or accompanied by, a copy of the Prospectus. A person should consider the Prospectus in deciding whether to acquire the CDIs. Anyone who wishes to acquire the CDIs under the Offer will need to complete the application form that will be in, or will accompany, the Prospectus. The Offer under the Prospectus will only be made available to persons receiving the Prospectus in Australia and certain investors in New Zealand, Hong Kong, Singapore, the United Kingdom, the European Union (excluding Austria), Switzerland, Canada (Alberta, British Columbia and Ontario) and the United States. The Offer is subject to certain conditions including, but not limited to, receipt of all necessary regulatory approvals, including any approvals of the ASX, TSX and applicable securities regulatory authorities. The Prospectus has not been filed with any securities commission in Canada and the CDIs may not be offered or sold within Canada or for the account of any Canadian residents except in transactions exempt from, or not subject to, the prospectus and registration requirements of applicable Canadian securities laws. A copy of the Prospectus, containing full details of the Offer, will be available on SEDAR+ ( under Orezone's profile. About Orezone Gold Corporation Orezone Gold Corporation (TSX: ORE OTCQX: ORZCF) is a West African gold producer engaged in mining, developing, and exploring its 90%-owned flagship Bomboré Gold Mine in Burkina Faso. The Bomboré mine achieved commercial production on its oxide operations on December 1, 2022, and is now focused on its staged hard rock expansion that is expected to materially increase annual and life-of-mine gold production from the processing of hard rock mineral reserves. Orezone is led by an experienced team focused on social responsibility and sustainability with a proven track record in project construction and operations, financings, capital markets, and M&A. The technical report entitled Bomboré Phase II Expansion, Definitive Feasibility Study is available on SEDAR+ and the Company's website. Contact Information Patrick DowneyPresident and Chief Executive Officer Kevin MacKenzieVice President, Corporate Development and Investor Relations Tel: 1 778 945 8977 info@ / For further information please contact Orezone at +1 (778) 945 8977 or visit the Company's website at The Toronto Stock Exchange nor the Canadian Investment Regulatory Organization neither approves nor disapproves the information contained in this news release. Cautionary Note – United States The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the U.S. Securities Act), or the securities laws of any state or other jurisdiction in the United States, and may not be offered or sold within the United States except in transactions exempt from, or not subject to, the registration requirements of the U.S. Securities Act and applicable US state securities laws. This news release does not constitute an offer for sale of securities, nor a solicitation for offers to buy any securities in the United States, nor in any other jurisdiction in which such offer, solicitation or sale would be unlawful. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements. Cautionary Note Regarding Forward-Looking Statements This press release and the Prospectus contain 'forward-looking statements' and 'forward-looking information', including statements and forecasts which include (without limitation) expectations regarding the financial position of the Company, production targets, the Offer and the terms thereof, ASX listing, the stage 1 and stage 2 hard rock expansions, industry growth and other trend projections, future strategies, results and outlook of the Company and the opportunities available to the Company. Often, but not always, forward-looking information can be identified by the use of words such as 'plans', 'expects', 'is expected', 'is expecting', 'budget', 'outlook', 'scheduled', 'target', 'estimates', 'forecasts', 'intends', 'anticipates', or 'believes', or variations (including negative variations) of such words and phrases, or state that certain actions, events or results 'may', 'could', 'would', 'might', or 'will' be taken, occur or be achieved. Such information is based on assumptions and judgments of the Company regarding future events and results. Readers are cautioned that forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, targets, performance or achievements of the Company to be materially different from any future results, targets, performance or achievements expressed or implied by the forward-looking information. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, the Directors and management of the Company. Past performance is not a guide to future performance. Key risk factors associated with an investment in the Company are detailed in Section 4 of the Prospectus. These and other factors could cause actual results to differ materially from those expressed in forward-looking statements. Forward-looking information and statements (including the Company's belief that it has a reasonable basis to expect it will be able to fund the hard rock expansion at the Bomboré Mine, the Offer and the ASX listing) are (further to the above) based on the reasonable assumptions, estimates, analysis and opinions of the Company made in light of its perception of trends, current conditions and expected developments, as well as other factors that the Company believes to be relevant and reasonable in the circumstances at the date such statements are made, but which may prove to be incorrect. Although the Company believes that the assumptions and expectations reflected in such forward-looking statements and information (including as described throughout the Prospectus) are reasonable, readers are cautioned that this is not exhaustive of all factors which may impact on the forward-looking information. The Company does not undertake to update any forward-looking information or statements, except in accordance with applicable securities laws. Due to the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information.
Yahoo
5 days ago
- Business
- Yahoo
Orezone Lodges Prospectus to Raise A$75 Million as Part of ASX Listing
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, July 11, 2025 (GLOBE NEWSWIRE) -- Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (the 'Company' or 'Orezone') is pleased to announce that it has today lodged a prospectus ('Prospectus') with the Australian Securities and Investments Commission ('ASIC') for an initial public offering to raise proceeds of A$75.0 million (before associated costs) ('Offer'). The Prospectus will assist the Company to meet the requirements of the Australian Securities Exchange ('ASX') and satisfy Chapters 1 and 2 of the ASX Listing Rules, as part of the Company's application for admission to the official list of the ASX. Under the Prospectus, the Company is offering 65,789,474 CHESS Depository Interests ('CDIs') over fully paid common shares in the capital of the Company ("Shares") at an offer price of A$1.14 per CDI (the 'Offer Price') to raise gross proceeds of A$75.0 million. Each CDI represents a beneficial interest in one Share. The Company has entered into an underwriting agreement ('Underwriting Agreement') with Canaccord Genuity (Australia) Limited ('Canaccord') under which Canaccord has been appointed as lead manager, bookrunner and underwriter to the Offer. Canaccord has agreed, subject to customary conditions, to underwrite applications for all CDIs under the Offer. Euroz Hartleys Limited, Argonaut Securities Pty Limited, SCP Resource Finance LP and BMO Capital Markets Corp. have been appointed as co-managers to the Offer. Patrick Downey, President and CEO stated, 'We look forward to the ASX listing which will raise the Company's profile by broadening its shareholder base and increase trading liquidity for all shareholders. The listing also represents an exciting opportunity for investors to participate in the Company's growth strategy as we execute on our staged hard rock expansion at the Bomboré Mine which will significantly increase our annual gold production. First gold from the stage 1 hard rock plant is scheduled for Q4-2025 and production in 2026 from the combined oxide and stage 1 hard rock operations is forecasted to be 170,000 to 185,000 ounces. The stage 2 expansion is forecasted to increase the overall gold production profile at the Bomboré Mine to 220,000 to 250,000 ounces per annum. Subject to funding, ongoing studies and final Board approval, the stage 2 hard rock expansion will commence in H2-2025, with commissioning expected in Q4-2026.' The net proceeds of the Offer will be used for the ongoing advancement of stage 2 of the hard rock expansion, including procurement of mechanical and electrical equipment, freight to site, engineering design and construction plus commissioning of stage 2, as well as ongoing exploration at the Bomboré Mine, in addition to administration and working capital purposes. Additional details of the Offer and the ASX Listing The Offer opened on July 11, 2025 and is expected to close on July 21, 2025. Trading on the ASX is expected to commence on a normal settlement basis on or about August 8, 2025 under the ASX code 'ORE' (subject to the Company satisfying ASX's listing requirements, which it is currently working towards). Using an exchange rate of A$0.895 = C$1.00, the Offer Price per CDI is approximately C$1.02 and the gross proceeds of the Offer is approximately C$67.1 million. The Offer Price represents a 7.2% discount to Orezone's closing price of C$1.10 on the Toronto Stock Exchange ('TSX') on July 9, 2025, and an 8.5% discount to the five-day volume-weighted average price ("VWAP") of C$1.115. In accordance with section 734(6) of the Australian Corporations Act 2001 (Cth), the Company advises in respect of the Offer of CDIs under the Prospectus: The issuer of the CDIs is Orezone Gold Corporation (ARBN 686 478 875). The Prospectus is available online for Australian residents only at: The Offer will only be made in, or accompanied by, a copy of the Prospectus. A person should consider the Prospectus in deciding whether to acquire the CDIs. Anyone who wishes to acquire the CDIs under the Offer will need to complete the application form that will be in, or will accompany, the Prospectus. The Offer under the Prospectus will only be made available to persons receiving the Prospectus in Australia and certain investors in New Zealand, Hong Kong, Singapore, the United Kingdom, the European Union (excluding Austria), Switzerland, Canada (Alberta, British Columbia and Ontario) and the United States. The Offer is subject to certain conditions including, but not limited to, receipt of all necessary regulatory approvals, including any approvals of the ASX, TSX and applicable securities regulatory authorities. The Prospectus has not been filed with any securities commission in Canada and the CDIs may not be offered or sold within Canada or for the account of any Canadian residents except in transactions exempt from, or not subject to, the prospectus and registration requirements of applicable Canadian securities laws. A copy of the Prospectus, containing full details of the Offer, will be available on SEDAR+ ( under Orezone's profile. About Orezone Gold Corporation Orezone Gold Corporation (TSX: ORE OTCQX: ORZCF) is a West African gold producer engaged in mining, developing, and exploring its 90%-owned flagship Bomboré Gold Mine in Burkina Faso. The Bomboré mine achieved commercial production on its oxide operations on December 1, 2022, and is now focused on its staged hard rock expansion that is expected to materially increase annual and life-of-mine gold production from the processing of hard rock mineral reserves. Orezone is led by an experienced team focused on social responsibility and sustainability with a proven track record in project construction and operations, financings, capital markets, and M&A. The technical report entitled Bomboré Phase II Expansion, Definitive Feasibility Study is available on SEDAR+ and the Company's website. Contact Information Patrick DowneyPresident and Chief Executive Officer Kevin MacKenzieVice President, Corporate Development and Investor Relations Tel: 1 778 945 8977 info@ / For further information please contact Orezone at +1 (778) 945 8977 or visit the Company's website at The Toronto Stock Exchange nor the Canadian Investment Regulatory Organization neither approves nor disapproves the information contained in this news release. Cautionary Note – United States The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the U.S. Securities Act), or the securities laws of any state or other jurisdiction in the United States, and may not be offered or sold within the United States except in transactions exempt from, or not subject to, the registration requirements of the U.S. Securities Act and applicable US state securities laws. This news release does not constitute an offer for sale of securities, nor a solicitation for offers to buy any securities in the United States, nor in any other jurisdiction in which such offer, solicitation or sale would be unlawful. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements. Cautionary Note Regarding Forward-Looking Statements This press release and the Prospectus contain 'forward-looking statements' and 'forward-looking information', including statements and forecasts which include (without limitation) expectations regarding the financial position of the Company, production targets, the Offer and the terms thereof, ASX listing, the stage 1 and stage 2 hard rock expansions, industry growth and other trend projections, future strategies, results and outlook of the Company and the opportunities available to the Company. Often, but not always, forward-looking information can be identified by the use of words such as 'plans', 'expects', 'is expected', 'is expecting', 'budget', 'outlook', 'scheduled', 'target', 'estimates', 'forecasts', 'intends', 'anticipates', or 'believes', or variations (including negative variations) of such words and phrases, or state that certain actions, events or results 'may', 'could', 'would', 'might', or 'will' be taken, occur or be achieved. Such information is based on assumptions and judgments of the Company regarding future events and results. Readers are cautioned that forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, targets, performance or achievements of the Company to be materially different from any future results, targets, performance or achievements expressed or implied by the forward-looking information. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, the Directors and management of the Company. Past performance is not a guide to future performance. Key risk factors associated with an investment in the Company are detailed in Section 4 of the Prospectus. These and other factors could cause actual results to differ materially from those expressed in forward-looking statements. Forward-looking information and statements (including the Company's belief that it has a reasonable basis to expect it will be able to fund the hard rock expansion at the Bomboré Mine, the Offer and the ASX listing) are (further to the above) based on the reasonable assumptions, estimates, analysis and opinions of the Company made in light of its perception of trends, current conditions and expected developments, as well as other factors that the Company believes to be relevant and reasonable in the circumstances at the date such statements are made, but which may prove to be incorrect. Although the Company believes that the assumptions and expectations reflected in such forward-looking statements and information (including as described throughout the Prospectus) are reasonable, readers are cautioned that this is not exhaustive of all factors which may impact on the forward-looking information. The Company does not undertake to update any forward-looking information or statements, except in accordance with applicable securities laws. Due to the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information.
Yahoo
13-06-2025
- Business
- Yahoo
Aya Gold & Silver Announces Filing of Prospectus Supplement
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. The base shelf prospectus and the prospectus supplement are accessible on SEDAR+. Any amendment to the foregoing documents will be accessible within one business day on SEDAR+. MONTREAL, June 12, 2025 (GLOBE NEWSWIRE) -- Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) ('Aya' or the 'Company') is pleased to announce that it has filed a prospectus supplement (the 'Supplement') to its short form base shelf prospectus dated June 10, 2025 (the 'Base Prospectus') with respect to its previously announced bought deal equity financing to purchase, on a bought deal basis, 9,363,300 common shares in the capital of the Company (the 'Shares'), at a price of $13.35 per Share (the 'Issue Price') for gross proceeds of $125,000,055 (the 'Offering'). The Supplement has been filed with the securities regulatory authorities in each of the provinces of Canada. The Offering is led by Desjardins Capital Markets ('Desjardins'), as sole bookrunner, together with a syndicate of underwriters including National Bank Financial Inc. and BMO Capital Markets, together with Desjardins as co-lead underwriters (collectively, the 'Underwriters'). The Company has granted the Underwriters an over-allotment option to purchase up to an additional 15% of the Shares at the Issue Price, exercisable in whole or in part, at any time on or prior to the date that is 30 days following the closing of the Offering (the 'Over-Allotment Option'). If the Over-Allotment Option is exercised in full, $18,750,008 additional proceeds will be raised pursuant to the Offering and the aggregate proceeds of the Offering will be approximately $143,750,063. The Company intends to use the net proceeds of the Offering to advance its business objectives including for the advancement of its exploration program at Boumadine, the exploration program at Zgounder Regional, and for working capital and general corporate purposes. The closing date of the Offering is scheduled to be on or about June 18, 2025, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the Toronto Stock Exchange and the applicable securities regulatory authorities. Access to the Supplement, the corresponding Base Prospectus and any amendment thereto are provided in accordance with securities legislation relating to procedures for providing access to a base shelf prospectus, a prospectus supplement and any amendment thereto. The Supplement and the corresponding Base Prospectus are, and any amendment thereto, if any, will be, accessible on SEDAR+ at Electronic or paper copies of the Base Prospectus, the Supplement, and any amendment to the foregoing documents may be obtained, without charge, from Desjardins at 25 York St., 10th Floor, Toronto, ON M5J 2V5, Attention: Equity Capital Markets or by email at ecm@ by providing Desjardins with an email address or address, as applicable. The Supplement, the corresponding Base Prospectus and any amendment thereto contain important detailed information about the Company and the Offering. Prospective investors should read the Supplement, the corresponding Base Prospectus and the other documents the Company has filed on SEDAR+ before making an investment decision. This news release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of the securities in any jurisdiction where such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the '1933 Act'), and may not be offered or sold in the United States absent registration under the 1933 Act and all applicable U.S. state securities laws, or in compliance with applicable exemptions from such registration requirements. AYA GOLD & SILVER 'Benoit La Salle' Benoit La Salle, FCPA FCAPresident and Chief Executive Officer About Aya Gold & Silver Inc. Aya Gold & Silver Inc. is a rapidly growing, Canada-based silver producer with operations in the Kingdom of Morocco. The only TSX-listed pure silver mining company, Aya operates the high-grade Zgounder Silver Mine and is exploring its properties along the prospective South-Atlas Fault, several of which have hosted past-producing mines and historical resources. Aya's management team has been focused on maximising shareholder value by anchoring sustainability at the heart of its operations, governance, and financial growth plans. For additional information, please visit Aya's website at Or contact Benoit La Salle, FCPA FCAPresident & CEO Alex Ball VP, Corporate Development & IR Notice Regarding Forward Looking Information Certain information in this news release related to the Company is forward-looking information and is prospective in nature. Forward-looking information is not based on historical facts, but rather on current expectations and projections about future events, and is therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking information. The information generally can be identified by the use of forward-looking words such as 'may', 'should', 'could', 'intend', 'estimate', 'plan', 'anticipate', 'expect', 'believe' or 'continue', or the negative thereof or similar variations. Forward-looking information in this news release include statements regarding the Offering including anticipated timing of closing, the exercise of the Over-Allotment Option, the receipt of required regulatory approvals including acceptance of the Offering by the TSX, and the intended use of proceeds of the Offering. There are numerous risks and uncertainties that could cause actual results and Aya's plans and objectives to differ materially from those expressed in the forward-looking information, including: (i) adverse market conditions; (ii) risks inherent in the mineral production and exploration sectors in general; (iii) that the proceeds of the Offering may need to be used other than as set out in this news release, as well as other risks and uncertainties which are more fully described in Aya's 2024 Annual Information Form dated March 31, 2025, and in other filings of Aya with securities and regulatory authorities which are available on SEDAR+ at Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward‐looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward‐looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward‐looking information. Such forward‐looking information has been provided for the purpose of assisting investors in understanding the Company's business, operations and exploration plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward‐looking information. Forward‐looking information is given as of the date of this news release, and the Company does not undertake to update such forward‐looking information except in accordance with applicable securities laws.
