Orefinders issues a clarification on PEA news release of January 15, 2018
January 17 2018 - 8:10PM
PR Newswire (Canada)
TORONTO, Jan. 17, 2018 /CNW/ - Orefinders Resources Inc.
("Orefinders" or the "Company") (TSX.V: ORX) wishes to advise,
pursuant to section 4.2(6) of Companion Policy 43-101CP, that it is
not basing its production decision on a feasibility study of
mineral reserves demonstrating economic and technical viability.
This clarification is made at the request of IIROC. Thus there is
increased uncertainty as to whether or not the proposed operating
margins and payback period will be met so as to generate free cash
flow that would be available to further develop its Mirado and
other projects as set out in the above noted news release.
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. Certain information in this press release
may contain forward-looking statements. This information is based
on current expectations that are subject to significant risks and
uncertainties that are difficult to predict. Actual results might
differ materially from results suggested in any forward-looking
statements. Orefinders' assumes no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those reflected in the forward
looking-statements unless and until required by securities laws
applicable to Orefinders. Additional information identifying risks
and uncertainties is contained in filings by Orefinders with
Canadian securities regulators, which filings are available under
Orefinders' profile at www.sedar.com.
For the latest updates please contact or follow us on Twitter
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SOURCE Orefinders Resources Inc.
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