Avnel Gold Mining Limited announces: extensions of financing maturities and
preliminary report on its joint venture with IAMGOLD Corporation
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
ST. PETER PORT, Guernsey,
Following the signing of the joint venture arrangements with IAMGOLD Corporation on
Avnel is a gold mining producing company operating the Kalana Gold Mine in
Avnel's principal asset is an 80% interest in Société d'Exploitation des Mines d'Or de Kalana ("SOMIKA"). SOMIKA is the holder of a 30 year Exploitation Permit at the operating Kalana Gold Mine in south west
On
Forward-Looking Information
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts are forward-looking statements. Although Avnel believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, continued availability of capital and financing and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Avnel does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
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For further information: Howard Miller, Chief Executive Officer, +44 207 589 9082; Fax +44 207 589 8507, [email protected]; www.avnelgold.com; Barry Mire or Henri Perron, Renmark Financial Communications, (514) 939 3989; Fax (514) 939 8507; www.renmarkfinancial.com
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