Issued and Outstanding common shares: 46,603,398
TORONTO, Aug. 23 /CNW/ - Armistice Resources Corp. (TSX: AZ) ("Armistice"
or the "Corporation") is pleased to report that all of the company's cash is
invested in Canadian Bankers Acceptance instruments rated at R1 - High (the
highest rating). The Corporation has no exposure to asset backed commercial
Underground drilling continues on the McGarry project. The company
anticipates underground development leading to bulk sampling to begin in
Armistice is a Canadian exploration company that owns an advanced
exploration underground gold project in North-eastern Ontario located on the
prolific Larder Lake break. The McGarry project consists of 34 contiguous
patented mining claims and licences of occupation totaling 484 hectares which
adjoins the former producing Kerr Addison gold mine which produced in excess
of 11 million ounces of gold.
"Todd J. Morgan"
Todd J. Morgan
President, CEO and Chairman of the Board
For further information:
For further information: Todd J. Morgan, (705) 567-4567,