Bob Buchan to join Claude Resources' board and provide private placement
financing
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SASKATOON,
Neil McMillan, President and CEO of Claude, stated "We are pleased to have someone of Bob Buchan's reputation and track record take a strategic interest in our Company. We are looking forward to the contribution he can make to the long-term success of our Company and the benefits this will provide to all shareholders."
Net proceeds from the offering of the Units will be used for general corporate purposes. Net proceeds from the offering of the "flow-through" shares will be used for expenditures which will be "Canadian Exploration Expenses" for the purposes of the Income Tax Act (
The transaction, which is subject to regulatory approval, is expected to close on or about
The securities offered have not been registered under the
Claude Resources Inc. is a public company based in Saskatoon, Saskatchewan, whose shares trade on the
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This Press Release may contain 'forward-looking' statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities and operating performance of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors. Such risks, uncertainties and factors are described in the periodic filings with the Canadian securities regulatory authorities, including the Company's Annual Information Form and quarterly and annual Management's Discussion & Analysis, which may be viewed on SEDAR at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements.
%SEDAR: 00000498E %CIK: 0001173924
For further information: Neil McMillan, President & CEO, Phone: (306) 668-7505; or Rick Johnson, CFO & Vice President of Finance, Phone: (306) 668-7505, Email: [email protected]; Website: www.clauderesources.com
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