Western Prospector Group Ltd. Announces Further Suspension of Mongolian Uranium Licenses
July 15 2009 - 1:50PM
Marketwired
Western Prospector Group Ltd. ("Western") (TSX VENTURE: WNP) today
reports that it has received notice from the Mineral Resources
Authority of Mongolia ("MRAM") stating that all of Western's
uranium exploration licenses have been suspended for three months
due to purported violations of various laws of Mongolia.
Western's Mongolian staff has not yet completed the English
translation of such notice or related documentation. Western will
provide further updates as information becomes available.
Note Regarding Forward-Looking Statements
This press release and other written or oral communication from
Western Prospector may include certain statements that may be
considered "forward-looking statements" within the meaning of that
phrase under Canadian securities laws. Statements other than
historical facts that address possible future events, plans or
developments are forward-looking statements. Such statements may be
identified by the use of words such as "will", ""may", "expects",
"estimate", "intend" or the use of the future or conditional tense.
Certain material factors or assumptions were applied in drawing our
conclusions and making those forward-looking statements.
Forward-looking statements reflect management's current views with
respect to possible future events and conditions and, by their
nature, are based on management's beliefs and assumptions and
subject to known and unknown risks and uncertainties, both general
and specific to Western Prospector. Although Western Prospector
believes the expectations expressed in such forward-looking
statements are reasonable, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in our forward-looking statements. Readers
are cautioned that risks may change or new risks may emerge.
Additional information regarding the material factors and
assumptions that were applied in making these forward looking
statements as well as the various risks and uncertainties we face
are described in greater detail in the "Risk Factors" section of
our annual and interim Management's Discussion and Analysis of our
financial results and other continuous disclosure documents and
financial statements we file with the Canadian securities
regulatory authorities which are available at www.sedar.com and
available on Western Prospector's website at
www.westernprospector.com. Western Prospector undertakes no
obligation to update this forward-looking information except as
required by applicable law.
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.
Contacts: Western Prospector Group Ltd. Charles Pullin Chief
Financial Officer (604) 675-6985 cpullin@westernprospector.com
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