KIRKLAND LAKE, ON, May 3 /CNW/ - Mistango River Resources Inc.
(CNSX:MIS) is pleased to announce that it has obtained alternative
financing to begin work on the Company's Omega property.
A Director of the Company has agreed to loan the Company $200,000 which
will be secured by Brigus Gold Ltd. shares. The Company currently holds
1,396,134 shares of Brigus Gold having a current market value of
$2,024,394 which will become free trading on June 12, 2011.
It was decided it would be in the best interest of the Company not to
cause undue dilution at this time. The scheduled work as outlined in
the press release of May 2, 2011 will proceed as scheduled.
Mistango River Resources is a Canadian-based junior mining and
exploration company focused on existing projects in Ontario and Quebec.
Mistango River Resources is listed for trading on the Canadian National
Stock Exchange (the "CNSX") under the trading symbol "MIS".
The CNSX has not reviewed and does not accept responsibility for the
adequacy of this release.
This news release contains certain "forward-looking information". All
statements, other than statements of historical fact, that address
activities, events or developments that Mistango River Resources
believes, expects or anticipates will or may occur in the future
including, without limitation. These forward-looking statements reflect
the current expectations or beliefs of Mistango River Resources based
on information currently available to Mistango River Resources.
Forward-looking statements are subject to a number of significant risks
and uncertainties and other factors that may cause the actual results
of Mistango River Resources to differ materially from those discussed
in the forward-looking statements, and even if such actual results are
realized or substantially realized, there can be no assurance that they
will have the expected consequences to, or effects on Mistango River
Resources. 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, Mistango River Resources disclaims any intent or
obligation to update any forward-looking statement, whether as a result
of new information, future events or results or otherwise. Although
Mistango River Resources believes that the assumptions inherent in the
forward-looking statements are reasonable, 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
SOURCE Mistango River Resources Inc.
For further information:
Robert Kasner, President and CEO
Telephone: 1 705 567 5351