TORONTO, October 2, 2017 /PRNewswire/ --
Richmont Mines Inc. (TSX: RIC) (NYSE: RIC) ("Richmont" or the
"Corporation") confirms that it has closed the previously announced
transaction with Monarques Gold Corporation (TSXV: MQR) to acquire
Richmont's Quebec based assets
including the Beaufor Mine, the Camflo Mill and the Wasamac
development project as well as all other mineral claims, mining
leases and mining concessions located in the province of
Quebec.
About Richmont Mines Inc.
Richmont Mines currently produces gold from the Island Gold Mine in
Ontario, where it is also
advancing development of the significant high-grade resource
extension at depth. With more than 35 years of experience in gold
production, exploration and development, and prudent financial
management, the Corporation is well-positioned to cost-effectively
build its Canadian reserve base and to successfully enter its next
phase of growth.
Forward-Looking Statements
This news release contains forward-looking statements that include
risks and uncertainties. When used in this news release, the words
"estimate", "project", "anticipate", "expect", "intend", "believe",
"hope", "may", "objective" and similar expressions, as well as
"will", "shall" and other indications of future tense, are intended
to identify forward-looking statements. The forward-looking
statements are based on current expectations and apply only as of
the date on which they were made. Except as may be required by law
or regulation, the Corporation undertakes no obligation and
disclaims any responsibility to publicly update or revise any
forward-looking statements or information, whether as a result of
new information, future events or otherwise.
The factors that could cause actual results to differ materially
from those indicated in such forward-looking statements include
changes in the prevailing price of gold, the Canadian-United States
exchange rate, grade of ore mined and unforeseen difficulties in
mining operations that could affect revenue and production costs.
Other risks may be set out in Richmont Mines' Annual Information
Form, Annual Reports and periodic reports. The forward-looking
information contained herein is made as of the date of this news
release.
Renaud Adams, President and CEO,
Phone: +1-416-368-0291 ext. 101; Anne
Day, Senior Vice-President, Investor Relations, Phone:
+1-416 368-0291 ext. 105