Serengeti Announces filing of Annual Financial Statements
June 29 2020 - 5:00PM
Serengeti Resources Inc. (SIR:
TSX-V) ("Serengeti" or "the Company") announces the
Company’s audited financial statements and Management Discussion
& Analysis for the year ended February 29, 2020 have now been
filed and can be accessed for review on SEDAR
(www.sedar.com).
Further to the Company’s news release of June
15, 2020, the Company has now received TSX Venture Exchange
acceptance and issued 272,104 common shares (“Shares”) in the
capital of the Company at a deemed price of $0.19 per Share in
settlement of $51,700 of debt owing to certain creditors who are at
arm’s length. The Shares issued by the Company are subject to
a statutory hold period which expires October 25, 2020.
Additionally, the Company announces it has made
the decision to discontinue its option for the acquisition of the
Atty property from Finlay Minerals Ltd. and adjacent ATG Claims
from Electrum Resource Corp., returning these properties to the
vendors. No further work or payments are due and the
properties have been written down.
ON BEHALF OF THE BOARD
David W. Moore, P.
Geo.President, CEO and Director
About Serengeti Resources
Inc.
Serengeti is a mineral exploration company
managed by an experienced team of professionals with a solid track
record of exploration success. The Company is currently
advancing its majority-owned, advanced Kwanika copper-gold project
and exploring its extensive portfolio of properties in
north-central British Columbia. A number of these other
projects are available for option or joint venture and additional
information can be found on the Company’s website at
www.serengetiresources.com.
Neither the TSX Venture Exchange nor its
Regulation Services Provider accepts responsibility for the
adequacy or accuracy of this release.
For further information, please
contact:Serengeti Resources Inc. Suite 520 – 800
West Pender St., Vancouver, BC, V6C 2V6 Tel: 604-605-1300
/ Email: info@serengetiresources.com / Website:
www.serengetiresources.com
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