ST. JAMES GOLD CORP. (TSXV: LORD) PROVIDES CORPORATE UPDATE
March 22 2023 - 8:00AM
St. James Gold Corp. (the “Company”) (TSXV: LORD) (OTCQB: LRDJF)
(FSE: BVU3) is pleased to provide a corporate update and outlook
for 2023.
While 2022 has proven a difficult year for many
around the world, the completion of our acquisition of 29 claims in
the Grub Line property, encompassing 725 hectares, and acquisition
of and 33% interest on 28 claims for the Quinn Lake property
represents an important step on our journey to an increased
presence in the Newfoundland area and allows us to further maximize
shareholder value. Additionally, the recent activity within this
area signifies that we are optimally positioned in Newfoundland and
these acquisitions further underlines the Company’s belief that
there is more to come from the project.
With that said, St. James Gold will continue its
endeavor to create shareholder value by unlocking our Newfoundland
assets as well as seek other additional opportunities to enhance
shareholder value.
“Coming into the role of Chairman and now CEO,
my focus is to create a base of growth for the future. I have
invested substantial funds of my own at much higher prices than the
current market price and will continue to invest into the
company in coming months. Moreover, the tireless efforts of our
management team to identify and pursue a viable business strategy,
as well as set ambitious milestones, has put us in an optimal
position for the upcoming year. The Board and I are laser focused
on executing these milestones in the very near-term future”, stated
Jiang Yu, Chairman & CEO of St. James Gold Corp.
About St James Gold Corp.
St. James Gold is a publicly traded company
listed on the TSX Venture Exchange under the trading symbol LORD,
in the U.S. market listed on OTCQB under LRDJF and on the Frankfurt
Stock Exchange under BVU3. The company is focused on creating
shareholder value through the discovery and development of economic
mineral deposits by acquiring prospective exploration projects with
well-delineated geological theories; integrating all available
geological, geochemical and geophysical data sets; and financing
efficient exploration programs. The company currently holds: (i)
100-per-cent stake in 29 claims, covering 1,791 acres, in the
Gander gold district in north-central Newfoundland located adjacent
to New Found Gold Corp.'s Queensway North project; and (ii) a
100-per-cent stake in nine claims and an option to acquire a
further 100-per-cent interest in 19 claims, covering a total 1,730
acres, in central Newfoundland located adjacent to Marathon Gold's
Valentine Lake property.
For more corporate information please
visit: http://stjamesgold.com/
St. James Gold Corp.For further information,
please contact:Jiang Yu, Chief Executive OfficerTel: 1
(800)
278-2152Email: info@stjamesgold.com
Forward Looking Statements
This news release contains forward-looking
statements and forward-looking information within the meaning of
Canadian securities laws (collectively, “forward-looking
statements”). Forward-looking statements in this news
release relate to, among other things: the TSX Venture Exchange’s
approval for the Company to complete the Offering on the proposed
terms as described herein, the completion of the Offering, and all
other statements that are not historical facts, particularly
statements that express, or involve discussions as to,
expectations, beliefs, plans, objectives, assumptions or future
events or performance of the Company. Often, but not always,
forward-looking statements can be identified through the use of
words or phrases such as “will likely result”, “are expected to”,
“expects”, “will continue”, “is anticipated”, “anticipates”,
“believes”, “estimated”, “intends”, “plans”, “forecast”,
“projection”, “strategy”, “objective” and “outlook”.
Forward-looking statements contained in this news release are made
based on reasonable estimates and assumptions made by management of
the Company at the relevant time in light of its experience and
perception of historical trends, current conditions and expected
future developments, as well as other factors that are believed to
be appropriate and reasonable in the circumstances. Forward-looking
statements contained in this news release are made as of the date
of this news release and the Company will not update any such
forward-looking statements as a result of new information or if
management’s beliefs, estimates, assumptions or opinions change,
except as required by law. There can be no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, the reader is
cautioned not to place undue reliance on forward-looking
statements.
Forward-looking statements involve known and
unknown risks, uncertainties and other factors, many of which are
beyond the Company’s control, which could cause actual results,
performance, achievements and events to differ materially from
those that are disclosed in or implied by such forward-looking
statements. Such risks and uncertainties include, but are not
limited to, the impact and progression of the COVID-19 pandemic and
other factors outlined in the Company’s Annual Information Form
dated July 26, 2021 (the “AIF”) filed under the
Company’s profile on SEDAR at www.sedar.com. The Company
cautions that the list of risk factors and uncertainties described
in its AIF on SEDAR are not exhaustive and other factors could
materially affect its results.
New factors emerge from time to time, and it is
not possible for the Company to consider all of them, or assess the
impact of each such factor or the extent to which any factor, or
combination of factors, may cause results to differ materially from
those contained in any forward-looking statement. Any
forward-looking statements contained in this news release are
expressly qualified in their entirety 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.
St James Gold (TSXV:LORD)
Historical Stock Chart
From Nov 2024 to Dec 2024
St James Gold (TSXV:LORD)
Historical Stock Chart
From Dec 2023 to Dec 2024