MDN Inc. and Tanzania Minerals Corp. Agree to Not Further Advance Ikungu Letter of Intent
December 20 2013 - 3:30PM
Marketwired
MDN Inc. and Tanzania Minerals Corp. Agree to Not Further Advance
Ikungu Letter of Intent
MONTREAL, QUEBEC--(Marketwired - Dec 20, 2013) - MDN Inc.
("MDN") (TSX:MDN) announces that it and Tanzania Minerals Corp.
("TZM") have mutually decided to not enter into a definitive
agreement to jointly explore and develop the Ikungu gold project in
Tanzania. As a result both parties have decided to let the Letter
of intent dated October 15, 2013 expire.
About MDN
MDN Inc. (TSX:MDN) is a mining exploration and development
company with properties in Quebec and Tanzania. In Quebec, MDN
holds a 72.5% interest in Crevier Minerals Inc., which owns an NI
43-101 niobium-tantalum resource that is presently undergoing a
feasibility study.
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Forward-Looking Statements Other than statements of historical
fact, all statements in this release that address events or
developments that the Company expects to occur are forward-looking
statements. Although the Company believes that the expectations
expressed in such forward-looking statements are based on
reasonable assumptions, including, but not limited to. Such
statements are not guarantees of future performance, and actual
results may differ materially from those in the forward-looking
statements. Factors that could cause the actual results to differ
materially from those in forward-looking statements are discussed
in greater detail in the Company's most recent Annual Information
Form filed on SEDAR, which also provides additional general
assumptions in connection with these statements. Investors and
others who base themselves on the Company's forward-looking
statements should carefully consider the factors mentioned in the
Annual Information Form as well as the uncertainties they represent
and the risk they entail. The Company believes that the
expectations reflected in those forward-looking statements are
reasonable, but no assurance can be given that these expectations
will prove to be correct, and as such, the forward-looking
statements in this press release should not be unduly relied upon.
These statements speak only as of the date of this press
release
Marc Boisvert, P. Eng.President and Chief Executive OfficerMDN
Inc.514 866-6500, Ext
221mboisvert@mdn-mines.comwww.mdn-mines.com