VANCOUVER, Dec. 31, 2012 /CNW/ - Heatherdale Resources Ltd. ("Heatherdale" or the "Company") (TSXV: HTR)
announces that it has completed the previously announced $3 million
private placement of a convertible debenture with Sino-Canada Natural
Resources Fund I. Any common shares issued under the convertible
debenture will be subject to a hold period ending four months after
December 31, 2012.
Heatherdale also announces that it has reached agreement with the holder
of a 40% interest in the Delta Project to extend the deadline for the
completion of Heatherdale's requirement to either fund expenditures or
pay cash in the amount of $2 million under the Delta Project LLC
Agreement to retain its 60% interest, by one month to February 1, 2013.
About Heatherdale Resources Ltd.
Heatherdale Resources Ltd. is a Vancouver-based exploration and
development company focused on advancing its 100% owned high-grade mine
development opportunity at the Niblack Project. The Company also holds
a 60% interest in the mid-stage Delta copper-lead-zinc-gold-silver
project. Both projects are located in Alaska. Heatherdale is
associated with the Hunter Dickinson group, which has a track record of
successful mineral exploration and development projects around the
On behalf of the Board of Directors
President and CEO
Neither the 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.
This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, that address exploration drilling,
exploitation activities and events or developments that the company
expects are forward-looking statements. Although the Company 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, exploitation and exploration
successes, continuity of mineralization, uncertainties related to the
ability to obtain necessary permits, licenses and title and delays due
to third party opposition, changes in government policies regarding
mining and natural resource exploration and exploitation, and 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. For more information on the Company,
investors should review the Company's continuous disclosure filings
that are available at www.sedar.com.
SOURCE: Heatherdale Resources Ltd.
For further information:
For further details on Heatherdale Resources Ltd., please visit the Company's website at www.heatherdaleresources.com or contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114.