SASKATOON, June 30, 2014 /CNW/ - Golden Band Resources Inc. ("Golden
Band" or the "Company") (TSX.V-GBN) reports that further to its news
release of December 9, 2013 announcing the suspension of mining
operations (including its operations at the Roy Lloyd and Golden Heart
mines and the Jolu mill, operations will continue to be suspended for
an indefinite period of time.
The Company intends to preserve the mining operations in care and
maintenance mode while it conducts ongoing assessments of the options
to return the mining operations to profitability.
The Company still believes the suspension of operations is the only
currently viable option to preserve its limited cash and will continue
to apprise its shareholders of important developments.
On behalf of the Board of Directors of Golden Band Resources Inc.,
Paul Saxton, CEO
Caution Regarding Forward-Looking Information and Statements
This news release includes certain forward-looking statements or
information. All statements other than statements of historical fact
included in this release, including, without limitation, statements
regarding the shutdown and future development and production plans of
Golden Band Resources Inc. (Company) are forward-looking statements
that involve various risks and uncertainties. There can be no assurance
that such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to differ
materially from the Company's plans or expectations include risks
relating to the actual results of operations, current exploration
activities, fluctuating gold prices, possibility of equipment
breakdowns and delays, cost overruns, general economic, market or
business conditions, regulatory changes, timeliness of government or
regulatory approvals and other risks detailed herein and from time to
time in the filings made by the Company. The Company makes all
reasonable efforts to update its corporate information on a timely
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.
SOURCE: Golden Band Resources Inc.
For further information:
Investor Relations: 604-682-6852