X-Ore Shareholders Approve the Amalgamation of X-Ore with Blue Note Mining
"Upon completion of the transaction, Blue Note will have a debt free balance sheet, positive working capital, a highly experienced management team and a diversified property portfolio including a 50% interest in the Croinor gold deposit," said
The transaction is subject to certain customary conditions, including the approval of the TSX Venture Exchange.
About Blue Note Mining Inc.
Blue Note Mining is a mineral exploration and mining company headquartered in
About X-Ore Resources Inc.
X-Ore Resources is a mineral exploration company with 16 properties located in known gold regions of
Forward-Looking Statements
Forward-looking statements included or incorporated by reference in this document include statements with respect to (i) Blue Note's potential acquisition of X-Ore's outstanding securities; (ii) Blue Note's assets, financial position, management team, production targets and business plans following the Offer; and (iii) the benefits to the shareholders of X-Ore and Blue Note that will result from the Offer. Although Blue Note and X-Ore believe the expectations reflected in these forward-looking statements are based on reasonable assumptions, they can give no assurances that these expectations will be achieved. Factors that could cause actual results to differ materially from expectations include the effects of general economic conditions, the price of metals, actions by government or regulatory authorities, uncertainties associated with contract negotiations, additional financing requirements, market acceptance of the products of Blue Note or X-Ore and competitive pressures. These factors and others are more fully discussed in the filings with Canadian securities regulatory authorities of Blue Note and X-Ore, including X-Ore's circular dated
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.
For further information: For further information: Glenn Massad, Vice President, Investor Relations, Blue Note Mining Inc., (800) 937-3095 x230, [email protected], www.bluenotemining.ca; Léon Méthot, President & CEO, X-Ore Resources Inc., (819) 824-5422, [email protected], www.x-ore.com; Paul Goulet, Investor Relations, (514) 710-8290, [email protected]
Share this article