Orezone Announces Update on the Sale of the Bondi Gold Project to Sarama
July 19 2017 - 07:59AM
Orezone Gold Corporation (TSX-V:ORE) is pleased to
advise that the Ministry of Mines and Quarries in Burkina Faso,
West Africa has issued and Sarama has paid the invoice for the
transfer of the Bondi Gold Project (Djarkadougou exploration
permit) from Orezone’s subsidiary company to Sarama Resources
subsidiary company. This is the last step of the approval process
before the official transfer that will be effective when the
Ministry of Mines will deliver the new Djarkadougou Order
(“Arrêté”) in Sarama’s name, at which point Sarama Resources shares
and warrants issued to Orezone as part of the transaction will be
released from escrow. The issuance of the Arrêté is a matter of
process which should happen through the course of Q3 2017.
About Orezone Gold
Corporation
Orezone is a Canadian company with a successful
gold discovery track record and recent mine development experience
in Burkina Faso, West Africa. The Company owns a 90% interest in
Bomboré, a fully permitted, undeveloped oxide gold deposit in West
Africa, which is situated 85 km east of the capital city, adjacent
to an international highway.
For further information please contact
Orezone at (613) 241‑3699 or visit the Company’s website
at www.orezone.com.
Patrick Downey, CEO and Pascal Marquis, SVP of
Orezone, are Qualified Persons under National Instrument 43-101 and
have reviewed the information in this release. Readers should
refer to the annual information form of Orezone for the year ended
December 31, 2016 and other continuous disclosure documents
filed by Orezone since January 1, 2017 available
at www.sedar.com, for this detailed information, which is
subject to the qualifications and notes set forth therein.
FORWARD-LOOKING STATEMENTS AND FORWARD-LOOKING
INFORMATION: This news release contains certain “forward-looking
statements” within the meaning of applicable Canadian securities
laws. Forward-looking statements and forward-looking information
are frequently characterized by words such as “plan”, “expect”,
“project”, “intend”, “believe”, “anticipate”, “estimate”,
“potential”, “possible” and other similar words, or statements that
certain events or conditions “may”, “will”, “could”, or “should”
occur. Forward-looking statements in this release include
statements regarding, among others; satisfying all conditions to
closing and completing the sale of the Bondi exploration permit to
Sarama during Q3 2017.
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.
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