Savannah Gold Corp. Announces Name Change and New Director
FOR IMMEDIATE RELEASE
Contact: Investor Relations May 18, 2017 Phone (604) 684-2181
Savannah Gold Corp. Announces Name Change and New Director
Vancouver, British Columbia - (May 18, 2017) – SAVANNAH GOLD CORP. (TSX.V: SAV.H) (the “Company”) is pleased to announce that, further to its news releases of April 25, 2017 and May 8, 2017 (the “Prior Announcements”), the Company has changed its name from “Savannah Gold Corp.” to “E3 Metals Corp.” (the “Name Change”). The Name Change will become effective at the open Friday, May 19, 2017, when the Company’s common shares begin trading under the symbol “ETMC.H”. The Company also announces the resignation of Praveen Varshney as a director, and the appointment of Peeyush Varshney in his place.
The Name Change is being undertaken in connection with the Company’s previously announced acquisition of 1975293 Alberta Ltd., operating as E3 Metals (the “Transaction”). On closing of the Transaction, the Company will carry on the development of 1975293 Alberta Ltd.’s lithium petro-brine projects in south-central Alberta, complete its reactivation as a Tier 2 Mining Issuer on the TSX Venture Exchange and further reconstitute its board and management as set out in the Prior Announcements.
Completion of the Transaction is subject to a number of conditions, including TSX Venture Exchange acceptance. The Transaction cannot close until the required approvals are obtained. There can be no assurance that the Transaction will be completed as proposed or at all.
ON BEHALF OF THE BOARD OF SAVANNAH GOLD CORP.
(Signed) “Praveen Varshney”
Praveen Varshney President and CEO
For further information contact Peeyush Varshney at 604 684-2181.
Reader Advisory
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the proposal to complete the Transaction and associated transactions, including statements regarding the terms and conditions of the Transaction and the business of 1975293 Alberta Ltd. Although the Company believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. The statements in this press release are made as of the date of this release. The Company undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of the Company, 1975293 Alberta Ltd., their securities, or their respective financial or operating results (as applicable).