Trading Symbol: TSX-V: IG
The engagement can be terminated by either party and the Company can place the financing work with BNP Paribas under suspension, without terminating the engagement, during which it must pay a work fee of
Payment of the work fee is subject to approval of the TSX Venture Exchange.
The Company advises that it continues to proceed with preparations for a project financing as it considered this course of action to be in the best interests of the Company in light of its cash flow needs, notwithstanding the proceedings before the SALA IV have not been resolved. No inference should be drawn from the extension of the engagement or the payment of the common shares that the Company has secured project debt financing or that the SALA IV proceedings will be resolved favourably.
Caution Regarding Forward-Looking Information and Statements ------------------------------------------------------------
Certain statements in this press release address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. These factors include, among others, the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future, the possibility that all necessary governmental and regulatory approvals will not be received, and the availability of a qualified workforce and third party contractors necessary for the development and operation of a mine. The Company undertakes no obligation to update these forward-looking information or statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking information or statements.
INFINITO GOLD LTD. John Morgan President "The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release."
For further information: INFINITO GOLD LTD., 216, 102 - 8th Avenue S.W., Calgary, Alberta, T2P 1B3, Telephone: (403) 444-5191
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