ST. JAMES GOLD CORP. (TSX-V: LORD) (OTCQB: LRDJF) ANNOUNCES IT IS EXPLORING THE ACQUISTION OF A COMPANY THAT HOLDS A PATENT FOR ADVANCED LASER TECHNOLOGY FOR URANIMUM ENRICHMENT FOR NUCLEAR FUEL
September 11 2023 - 9:00AM
St. James Gold Corp. (the “
Company” or
“
St. James”)
(TSXV: LORD) (OTCQB: LRDJF)
(FSE: BVU3) announced today that it is considering the
acquisition of a company that holds a patent for an advanced laser
technology for uranium enrichment for nuclear fuel needed by
nuclear energy reactors and facilities. The target company has
directors and officers, and shareholders, in common with the
Company, accordingly, any acquisition would be subject to
satisfying the requirements of TSX Venture Exchange Policy 5.9
Protection of Minority Security Holders in Special Transactions and
Multilateral Instrument 61-101 adopted by certain Securities
Commissions. The Company has appointed a special committee of
independent directors to review the potential acquisition,
supervise due diligence activities, retain advisors and negotiate
acquisition terms.
Readers are warned that the Company is in the
preliminary investigation stage of the possible acquisition and no
agreement of any kind has been reached and no acquisition terms
negotiated. There is no assurance an agreement will be reached for
this acquisition. The Company will issue a further news release if
and when a definitive agreement is reached.
About St James Gold Corp.
St. James Gold Corp. 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 datasets; 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 9 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:Tel: 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”). 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