ALLEGIANT Extends Loan Repayment Date
01 Marzo 2019 - 4:55PM
Allegiant Gold Ltd. (“ALLEGIANT”) (AUAU: TSX-V) (AUXXF:
OTCQX) announces that it has obtained an extension on the
maturity date of a non-interest bearing grid promissory note (the
“
Grid Note”) payable to Columbus Gold Corp.
(“
Columbus”), from March 1, 2019 to December 31,
2020, in exchange for the issuance of 1,000,000 common shares (the
“
Shares”) of ALLEGIANT to Columbus. The Grid
Note has principal balance of CDN$1,604,404.75.
The issuance of the Shares to Columbus will not
materially affect the percentage of securities of Allegiant
beneficially owned and controlled by Columbus.
The Shares to be issued will be subject to a
four-month hold period under applicable securities laws and the
policies of the TSXV.
The issuance of the Shares is subject to TSXV
final approval.
ON BEHALF OF THE BOARD,
Robert F. Giustra Chairman and CEO
For more information contact:
Investor Relations(604) 634-0970
or1-888-818-1364ir@allegiantgold.com
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Certain statements and information contained in
this press release constitute "forward-looking statements" within
the meaning of applicable U.S. securities laws and "forward-looking
information" within the meaning of applicable Canadian securities
laws, which are referred to collectively as "forward-looking
statements". The United States Private Securities Litigation Reform
Act of 1995 provides a "safe harbor" for certain forward-looking
statements. Forward-looking statements are statements and
information regarding possible events, conditions or results of
operations that are based upon assumptions about future economic
conditions and courses of action. All statements and information
other than statements of historical fact may be forward-looking
statements. In some cases, forward-looking statements can be
identified by the use of words such as "seek", "expect",
"anticipate", "budget", "plan", "estimate", "continue", "forecast",
"intend", "believe", "predict", "potential", "target", "may",
"could", "would", "might", "will" and similar words or phrases
(including negative variations) suggesting future outcomes or
statements regarding an outlook. Forward-looking statements in this
and other press releases include, but are not limited to statements
and information regarding: Allegiant's property holding costs
savings or income generated from optioning out certain properties;
Allegiant's drilling and exploration plans for its properties,
including anticipated costs and timing thereof; the potential of
hosting good grade gold mineralization or expansion; Allegiant's
belief with respect to North Brown anomalies and the related
transportation of mineralized fragments, including the discovery of
the source of the mineralized breccia fragments; indications of
mineralization that is amenable to heap leaching; Allegiant's plans
for growth through exploration activities, acquisitions or
otherwise; expectations regarding future maintenance and capital
expenditures, working capital requirements; the extension of any
loan repayment date and related terms; and Barrian's plan to
complete an initial public offering and its acquisition of certain
properties. Such forward-looking statements are based on a number
of material factors and assumptions and involve known and unknown
risks, uncertainties and other factors which may cause actual
results, performance or achievements, or industry results, to
differ materially from those anticipated in such forward-looking
information. You are cautioned not to place undue reliance on
forward-looking statements contained in this press release. Some of
the known risks and other factors which could cause actual results
to differ materially from those expressed in the forward-looking
statements are described in the sections entitled "Risk Factors" in
Allegiant's Listing Application, dated January 24, 2018, as filed
with the TSX Venture Exchange and available on SEDAR under
Allegiant's profile at www.sedar.com. Actual results and future
events could differ materially from those anticipated in such
statements. Allegiant undertakes no obligation to update or revise
any forward-looking statements included in this press release if
these beliefs, estimates and opinions or other circumstances should
change, except as otherwise required by applicable law.
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