/NOT FOR DISTRIBUTION TO THE UNITED
STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
TORONTO,
April 12, 2013 /CNW/ - Parkside
Resources Corporation (TSXV: PKS) (the "Company") is pleased to
announce that it has completed its inaugural drill program on its
Forester Lake gold property. The nine drill targets were identified
after the compilation of data from over 8,200 metres of core from
78 previously drilled holes, with historic grades as high as 16
grams of gold per tonne; ground magnetic survey data; and,
reviewing the wealth of geological and structural knowledge from
Goldcorp's Musselwhite Mine, which is located 35 km northwest of
the Company's Forester Lake Gold Property. Photos of the drill
program can be found on the Company's website at
www.parksideresources.com under the "Photo Gallery" tab within the
"Projects' section. The Company is looking forward to the release
of the assay results later this spring.
The Company also announces that is has amended
the terms of its non-brokered private placement announced on
February 15, 2013 to be comprised of
5,000,000 Non-Flow-Through Units ("Unit") at a price of
$0.08 per Unit; and 2,000,000
Flow-Through Units ("FT Unit") at a price of $0.10 per FT Unit for gross proceeds of up to
$600,000 (the "Offering"). Each
Unit will consist of one common share and one share purchase
warrant (a "Warrant"), entitling the holder to purchase one common
share at $0.15 per share at any time
until the close of business on the day which is 24 months from the
date of issue of the Warrant. Each FT Unit will consist of
one flow-through common share and one Warrant. Closing of the
Offering is anticipated to occur on or before May 31, 2013 and is subject to receipt of
applicable regulatory approvals including the approval of the TSX
Venture Exchange. Finder's fees may be payable in connection
with the Offering, in accordance with the policies of the
Exchange.
This press release is not an offering of
securities for sale in the United
States. The common shares have not been registered
under the U.S. Securities Act of 1933, as amended, and may not be
offered or sold in the United
States absent registration or an exemption from the
registration requirements of that Act.
About Parkside Resources Corporation
Parkside Resources Corporation is a Canadian
based mineral exploration company dedicated to building shareholder
value through focused exploration, discovery and development of
high quality precious and base metal projects. The Company has
entered into an Option and Joint Venture Agreement with Benton
Resources Corporation to explore the Forester Lake Gold Property
which is located approximately 100km north of Pickle Lake, Ontario and roughly 35km
southeast of Goldcorp's Musselwhite Gold
Mine. Incorporated in 2005, Parkside Resources Corporation
is a reporting issuer in the provinces of British Columbia and Alberta, the common shares of which are
listed for trading on the TSX Venture Exchange under the symbol
TSX-V: PKS.
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.
Forward Looking and other Cautionary
Information
This release includes certain statements that
may be deemed "forward‐looking statements". All statements in this
release, other than statements of historical facts that address
exploration drilling, exploitation activities and other related
events or developments are forward‐looking statements. Although the
Company believes the expectations expressed in such forward‐looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance and actual results or
developments may differ materially from those in the forward
looking statements. Factors that could cause actual results to
differ materially from those in forward‐looking statements include
market prices, exploration and exploitation successes, continuity
of mineralization, uncertainties related to the ability to obtain
necessary permits, licenses and title and delays due to third party
opposition, changes in government policies regarding mining and
natural resource exploration and exploitation, continued
availability of capital and financing, and general economic, market
or business conditions. Investors are cautioned that any such
statements are not guarantees of future performance and actual
results or developments may differ materially from those projected
in the forward‐looking statements.
SOURCE Parkside Resources Corporation