Symbol: COC: TSX Venture Exchange Inc.
TORONTO, Feb. 1 /CNW/ - China Opportunity Inc. (the "Corporation") announced today that it has elected not to proceed with its
non-brokered private placement announced December 23, 2010.
About the Corporation
China Opportunity Inc. (TSXV:COC) is focused on pursuing exploration and
development opportunities within the mining sector. The Corporation
holds an option to earn up to a 50% interest (which may be increased to
70% in certain circumstances) in the McCart nickel exploration
property, located in northeastern Ontario.
Neither 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.
Caution Concerning Forward-Looking Information
This news release contains forward-looking statements that are based on
the Corporation's current expectations and estimates. Forward-looking
statements are frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "estimate",
"suggest", "indicate" and other similar words or statements that
certain events or conditions "may" or "will" occur, and include,
without limitation, statements regarding the Corporation's plans with
respect to pursuing acquisition opportunities within the mining
exploration sector. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors that could cause actual
events or results to differ materially from estimated or anticipated
events or results implied or expressed in such forward-looking
statements. Factors that may cause actual results to vary materially
include, but are not limited to, the Corporation's financial resources
and the availability of financing alternatives, changes in general
economic conditions or conditions in the financial markets, the
availability of suitable exploration properties, the speculative nature
of mineral exploration, development and mining (including with respect
to size, grade and recoverability of mineral reserves and resources),
fluctuations in mineral prices and currency exchange rates and
unanticipated operational or technical difficulties. Such forward
looking information is based on a number of assumptions, including but
not limited to, the availability of financing, no significant decline
in existing general business and economic conditions, and the level and
volatility of mineral prices. Any forward-looking statement speaks
only as of the date on which it is made and, except as may be required
by applicable securities laws, the Corporation disclaims any intent or
obligation to update any forward-looking statement, whether as a result
of new information, future events or results or otherwise.
Forward-looking statements are not guarantees of future performance and
accordingly undue reliance should not be put on such statements due to
the inherent uncertainty therein.
SOURCE China Opportunity Inc.
For further information:
China Opportunity Inc.
Phone: (514) 932-2797