TORONTO--(BUSINESS WIRE)--
Aldridge Minerals Inc. (TSX-V: AGM) (“Aldridge” or the “Company”) today announced the appointment of Jim O’Neill, the Company’s Chief Financial Officer, as Corporate Secretary effective immediately.
David Carew, Vice President, Corporate Development & Corporate Secretary of the Company is departing to pursue other interests.
The Company wishes to thank Mr. Carew for his years of valuable and dedicated service to Aldridge.
About Aldridge
Aldridge is a
development-stage mining company focused on its wholly owned and
permitted Yenipazar polymetallic VMS Project (Gold, Silver, Copper,
Lead, Zinc) in Turkey. Aldridge completed the Yenipazar Optimization
Study and filed the related NI 43-101 compliant technical report in May
2014, which updated the original May 2013 Feasibility Study. The
Optimization Study demonstrated that the Yenipazar Project is highly
robust with an after-tax NPV of US$330 million at a 7% discount rate and
an after-tax IRR of approximately 32%. The Company is currently
advancing the Yenipazar Project on key aspects including land
acquisition and financing.
Caution Regarding Forward-Looking Information
This
news release may include certain forward-looking statements within the
meaning of Canadian securities laws. Forward-looking statements involve
risks, uncertainties and other factors that could cause actual results,
performance, prospects and opportunities to differ materially from those
expressed in such forward-looking statements. When used in this press
release, words such as “proposed”, “may”, “would”, “could”, “will”,
“expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan”, and
other similar expressions are intended to identify forward-looking
statements. Such risks, uncertainties and factors, include, but are not
limited to, the ability of the Company to raise additional debt or
equity financing on acceptable terms or at all; the risk that the
Company’s failure to raise additional capital will have a material
adverse effect on the Company’s liquidity, capital resources, results of
operations, assets, properties and prospects, the ability of the Company
to fund the purchase of the remaining land required to develop the
Yenipazar Project, its ability to complete the land acquisition in 2017,
and its ability to otherwise advance the development of the project; the
ability of the Company to pay its outstanding debts when due; economic
performance; mineral prices; the future plans and objectives of the
Company; and the other factors discussed under the heading “Risk
Factors” in the Company’s Management’s Discussion and Analysis for the
year ended December 31, 2016 and in other continuous disclosure filings
made by the Company with Canadian securities regulatory authorities and
available at www.sedar.com.
Any number of important factors could cause actual results to differ
materially from these forward-looking statements as well as future
results.
Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect, including, but not limited to, assumptions in connection with the continuance of Aldridge and its subsidiaries as a going concern, general economic, political and market conditions, mineral prices, and the accuracy of mineral resource estimates. Although Aldridge believes that the assumptions and factors used in making the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Aldridge disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise unless required by law.
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 news release.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180110006114/en/
