Canada Fluorspar Reports First Quarter 2011 Financial Results
June 27 2011 - 4:50PM
Marketwired
Canada Fluorspar Inc. (TSX VENTURE: CFI) (the "Company") today
reported its financial results for the three month period ending
March 31, 2011. Copies of these documents may be obtained via
www.sedar.com.
In a press release dated June 15, 2011 the Company announced a
joint agreement with Arkema ("Arkema") (PA: AKE) to finance the
re-activation of CFI's fluorspar project located in St. Lawrence,
Newfoundland, Canada. On June 27, 2011 the Company announced the
completion of the initial investment by Arkema related to the joint
agreement.
ABOUT CANADA FLUORSPAR INC.
The Company is a specialty mineral resource company engaged in
the development and production of fluorspar deposits at its
property located in St. Lawrence, Newfoundland, Canada, and is
moving forward to reactivate existing underground fluorspar mines,
expand an existing mill, construct a new, environmentally-sound
Tailings Management Facility and build a new deep-water marine
terminal in the outer St. Lawrence Harbor for the export of
fluorspar concentrate product.
For more information please see: www.canadafluorspar.com.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities in the United
States of America. The securities have not been and will not be
registered under the United States Securities Act of 1933 (the
"U.S. Securities Act") or any state securities laws and may not be
offered or sold within the United States or to U.S. Persons (as
defined in the U.S. Securities Act) unless registered under the
U.S. Securities Act and applicable state securities laws, or an
exemption from such registration is available.
Advisory Regarding Forward Looking Statements
This press release contains forward-looking statements which
include, but are not limited to: anticipated timing for completion
of metallurgical testing, the Company's feasibility study and pilot
plant testing, obtaining financing to continue with construction on
the Company's St. Lawrence property, current development and
operating objectives and outlook, expectations, opinions,
forecasts, projections, guidance or other statements that are not
statements of fact. Although the Company believes that the
expectations reflected in such forward-looking statements are
reasonable, it cannot give any assurance that such expectations
will prove to be correct. Results of the Company may be affected by
a variety of variables and risks associated with mining
development, such as loss of market, volatility of commodity
prices, currency fluctuations, imprecision of reserve estimates,
environmental risks, competition from other producers, ability to
access sufficient debt and equity capital from internal and
external sources, ability to generate sufficient cash flow to meet
its current and future obligations, regulatory approvals affecting
construction and mining operations and continued demand for
fluorspar. As a consequence, actual results could differ materially
from those anticipated or implied in the forward-looking
statements.
The Company's forward-looking statements are expressly qualified
in their entirety by this cautionary statement and are made as of
the date of this news release. Unless otherwise required by
applicable securities laws, the Company does not intend nor does it
undertake any obligation to update or review any forward-looking
statements to reflect subsequent information, event, results or
circumstances or otherwise.
"Neither 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."
Contacts: Canada Fluorspar Inc.: Lindsay Gorrill President and
CEO 1-800-823-8095 lgorrill@canadafluorspar.com Spinnaker Capital
Markets Inc. Ali Mahdavi Partner am@spinnakercmi.com
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