TORONTO, June 30, 2020 /CNW/ - Orford Mining Corporation
("Orford") (TSX-V: ORM)
announces that due to ongoing concerns related to the spread of
COVID-19, and in order to mitigate potential risks to the health
and safety of its shareholders and communities, the Company has
elected to postpone its annual general meeting of shareholders (the
"Meeting"). As the COVID-19 situation evolves, Orford will set a date for the Meeting and
file a notice of meeting and record date on SEDAR (www.sedar.com).
The Company is also relying on the temporary blanket relief
provided by the Canadian Securities Administrators, including the
exemptive relief contained in Ontario Instrument 51-504 – Temporary
Exemptions from Certain Requirements to File or Send Securityholder
Materials of the Ontario Securities Commission, to postpone the
filing of its executive compensation disclosure until such time as
it is filed and delivered to shareholders as part of the Company's
management information circular (the "Circular") relating to the
Meeting. In light of current advice from governmental and medical
authorities on public gatherings, Orford is, for the time being, encouraging
shareholders and others not to attend the Meeting in person.
Instead, shareholders should vote their shares prior to the Meeting
as per the voting and proxy instructions that will be set out in
the Circular and participate in the Meeting by way of live audio
conference call. Further details with respect to the conference
call will be included in the Circular. The Company is continuing to
closely monitor developments related to COVID-19 and may alter the
format of the Meeting based on changing conditions and the
prevailing advice at the time regarding restrictions on the number
of people who can safely congregate.
About Orford Mining Corporation
Orford Mining is a
gold explorer focused on highly prospective and underexplored areas
of Northern Quebec. Orford's principal assets are the Qiqavik and
West Raglan projects comprising a land package totaling over 80,000
hectares in the Cape Smith Belt of Northern Quebec. The Qiqavik Project hosts
several new high-grade gold discoveries along a mineralized trend
in excess of 40 km. The West Raglan project hosts a number of high
grade Raglan-style nickel/copper/platinum group metal discoveries
along a 55 km mineralized trend. Orford also recently acquired two property
positions in the Joutel region of the Abitibi district of northern
Quebec, which hosts historical
deposits such as the Eagle/Telbel, Joutel Copper, Poirier Copper, and Vezza deposits. Orford continually seeks new gold exploration
opportunities in North America.
Orford's common shares trade on
the TSX Venture Exchange under the symbol ORM. This information
from neighbouring properties is not necessarily indicative of the
mineralization on Orford Mining's properties.
To view further details about the Qiqavik and West Raglan
Projects please visit Orford's
website, www.orfordmining.com.
Cautionary Statement Concerning Forward-Looking
Statements
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this
release.
This news release contains "forward-looking information"
including without limitation statements relating to the liquidity
and capital resources of Orford
and potential of one or more of the Qiqavik, and West
Raglan, properties.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Orford to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking statements. Factors that could affect the
outcome include, among others: future prices and the supply of
metals; the results of drilling; inability to raise the money
necessary to incur the expenditures required to retain and advance
the properties; environmental liabilities (known and unknown);
general business, economic, competitive, political and social
uncertainties; accidents, labour disputes and other risks of the
mining industry; political instability, terrorism, insurrection or
war; or delays in obtaining governmental approvals, failure to
obtain regulatory or shareholder approvals. For a more detailed
discussion of such risks and other factors that could cause actual
results to differ materially from those expressed or implied by
such forward-looking statements, refer to Orford's filings with Canadian securities
regulators available on SEDAR at www.sedar.com.
Although Orford has
attempted to identify important factors that could cause actual
actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors
that cause actions, events or results to differ from those
anticipated, estimated or intended. Forward-looking statements
contained herein are made as of the date of this news release and
Orford disclaims any obligation to
update any forward-looking statements, whether as a result of new
information, future events or results or otherwise, except as
required by applicable securities laws.
The TSXV has neither approved nor disapproved the contents of
this news release.
SOURCE Orford Mining Corporation