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 basis.
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.
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