TORONTO, May 31, 2019 /CNW/ - Orefinders Resources Inc.
("Orefinders" or the "Company") (TSX.V: ORX) is pleased to announce
that has received TSX Venture Exchange final approval and has
closed the Pacific Precious ("Pacific") transaction as described in
the Company's May 15, 2019 news
release.
"We are looking forward to the exploration work Pacific Precious
has planned on the Kuta Ridge project in Papua New Guinea. For Orefinders shareholders,
it's an exciting opportunity to get evolved in a high grade
epithermal system whose veins and outcrop appear right at surface
and of course on an island which is known for exceptional
deposits," said Stephen Stewart,
Orefinders CEO.
Orefinders encourages its shareholders to visit Pacific
Precious' website for a presentation on the Kuta Ridge project
along with plenty of photographs, webinar and videos showing the
surface mineralisation, in place infrastructure and alluvial mining
on site.
Pacific Precious Website
Pacific Precious was financed privately. Proceeds of this
financing will be used towards the first phase of exploration by
Pacific Precious on its 100%-owned Kuta Ridge project in
Papua New Guinea, to establish the
project as a property of merit. The exploration program will
commence in the next two weeks.
About Orefinders Resources Inc.
Orefinders is a Gold exploration and development company focused
primarily within the Abitibi Greenstone Belt. The Company is listed
on the Toronto Venture Exchange under the symbol ORX.
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
SOURCE Orefinders Resources Inc.