/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
ROAD TOWN, TORTOLA, British Virgin Islands, May 17, 2012 /CNW/ - Intergeo MMC Ltd ("Intergeo" or the "Company") is pleased to announce that it has filed a preliminary prospectus with securities regulatory authorities in each of the provinces of Canada other than Québec in connection with a proposed initial public offering of shares. The offering is being led by Morgan Stanley and BMO Capital Markets. The exact number of shares to be issued and the price per share will be set at a later date. A copy of Intergeo's preliminary prospectus is available on SEDAR at www.sedar.com.
The preliminary prospectus contains important information relating to these securities. The preliminary prospectus is still subject to completion or amendment and has not yet become final for the purpose of a distribution of the securities to the public. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities of Intergeo in any jurisdiction in which such offer, solicitation or sale would be unlawful. There will be no sale or any acceptance of an offer to buy the common shares in any province of Canada until a receipt for the final prospectus has been issued.
This press release is not an offer of securities for sale in the United States. These securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws and may not be offered or sold in the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws or pursuant to an exemption therefrom.
Intergeo is a diversified mineral resource company primarily focused on developing, exploring and acquiring base metal properties in Russia. Since 2007, the Company has invested over US$200 million in its portfolio of properties. Intergeo's two key, open pit development projects are the Ak-Sug copper porphyry deposit and the Kingash nickel sulphide deposit, both of which are located in southern Siberia. For more information on these projects, please refer to Intergeo's National Instrument 43-101 Standards of Disclosure for Mineral Projects technical reports available on SEDAR at www.sedar.com.
This press release contains certain "forward-looking information" within the meaning of applicable securities laws. The forward-looking information may relate to future events or the Company's performance. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements relating to the initial public offering and statements relating to the Company's growth plans) constitute forward-looking information. This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking information is subject to a number of significant risks and uncertainties and other factors that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, but are not limited to, insufficient capital resources; a lack of operating revenues; the preliminary nature of the Company's technical reports; volatility in metal prices; risks inherent in the Company's international operations, including legal, security and emerging market risks in Russia; inadequate infrastructure, which could increase costs or result in losses and disrupt normal business activities; the Russian strategic investment law and anti-monopoly law limiting the Company's ability to effect a change of control or enter into other business transactions; Russian subsoil legislation being internally inconsistent and vague, which reduces certainty and may result in inconsistent and selective governmental claims or actions; the Company's controlling shareholder's significant interest in the Company affecting the market price and liquidity of the common shares; and management's discretion to use the net proceeds from the proposed initial public offering.
Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.
For further information:
Senior Vice-President, Investor Relations and Strategic Development
647 427- 8889