WHETSTONE MINERALS ANNOUNCES ANTICIPATED CLOSING DATE FOR ACQUISITION AND PRIVATE PLACEMENT
22 Febrero 2011 - 12:35PM
PR Newswire (Canada)
CALGARY, Feb. 22 /CNW/ -- CALGARY, Feb. 22 /CNW/ - (TSXV: WMI) -
Whetstone Minerals Ltd. ("Whetstone") announces that, further to
its press releases dated November 2, 2010, December 1, 2010,
December 31, 2010 and January 21, 2011, Whetstone anticipates that,
subject to the receipt of all necessary regulatory approvals
(including TSXV approval), it will complete the previously
announced acquisition (the "Acquisition") of the outstanding share
of DGL Investments Number Four Mauritius from Duration Gold Limited
in consideration for the issuance of 45,000,000 common shares of
Whetstone to Duration and the private placement financing of
50,000,000 common shares of Whetstone at an issue price of
U.S.$0.10 per share (the "Private Placement") on or before March
21, 2011. Forward-Looking Statements In the interest of providing
Whetstone shareholders and potential investors with information
regarding Whetstone including management's assessment of the future
plans and operations of Whetstone, certain statements contained in
this press release constitute forward-looking statements or
information (collectively "forward-looking statements") within the
meaning of applicable securities legislation. In particular, this
press release contains, without limitation, forward-looking
statements pertaining to the following: the anticipated timing of
the completion of the Acquisition and the Private Placement. With
respect to forward-looking statements contained in this press
release, Whetstone has made assumptions regarding, among other
things: its ability to obtain the necessary regulatory approvals to
complete the Acquisition and the Private Placement and its ability
to raise the necessary funds to complete the Private Placement.
Although Whetstone believes that the expectations reflected in the
forward looking statements contained in this press release, and the
assumptions on which such forward-looking statements are made, are
reasonable, there can be no assurance that such expectations will
prove to be correct. Readers are cautioned not to place undue
reliance on forward-looking statements included in this press
release, as there can be no assurance that the plans, intentions or
expectations upon which the forward-looking statements are based
will occur. By their nature, forward-looking statements involve
numerous assumptions, known and unknown risks and uncertainties
that contribute to the possibility that the predictions, forecasts,
projections and other forward-looking statements will not occur,
which may cause Whetstone's actual performance and financial
results in future periods to differ materially from any estimates
or projections of future performance or results expressed or
implied by such forward-looking statements. These risks and
uncertainties include, among other things, the following: the
failure of Whetstone to obtain the necessary regulatory approvals
to complete the Acquisition and the Private Placement; the failure
of Whetstone to raise the necessary funds to complete the Private
Placement; and general economic and political conditions in Canada,
Zimbabwe and abroad. Readers are cautioned that this list of risk
factors should not be construed as exhaustive. These risk factors
are discussed in Whetstone's information circular - proxy statement
dated November 2, 2010, as filed with Canadian securities
regulatory authorities. The forward-looking statements contained in
this press release speak only as of the date of this press release.
Except as expressly required by applicable securities laws,
Whetstone does not undertake any obligation to publicly update or
revise any forward looking statements, whether as a result of new
information, future events or otherwise. The forward-looking
statements contained in this document are expressly qualified by
this cautionary statement. 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. To view this news release
in HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/February2011/22/c4912.html
pplease contact the Corporation or Charles Vivian of Pelham Bell
Pottinger:/p p/p table valign="top" border="0"trtdWhetstone
Minerals Ltd./td tdPelham Bell Pottinger/td/tr trtdAllan Dolan,
Chairman and Interim Presidentbr/ and Chief Executive Officerbr/
Phone: +44 (77) 9697 3008/td tdCharles Vivianbr/ Phone: +44 207 861
3126/td/tr/table piTo be added to Whetstone's private email list,
please contact/iia
href="mailto:info@whetstoneminerals.com"info@whetstoneminerals.com/a/i./p
Copyright
Whetstone Minerals Ltd. (TSXV:WMI)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Whetstone Minerals Ltd. (TSXV:WMI)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024
Real-Time news about Whetstone Minerals Ltd. (TSX Venture Exchange): 0 recent articles
Más de Whetstone Minerals Ltd. Artículos de Noticias