Brionor Announces Agreement with Xmet on Pitt Gold Will Not Proceed and Extends Deadline to Close the Atala Acquisition
PRESS RELEASE FOR IMMEDIATE RELEASE April 30, 2013 TSX-V: BNR
BRIONOR ANNOUNCES AGREEMENT WITH XMET ON PITT GOLD WILL NOT PROCEED AND EXTENDS DEADLINE TO CLOSE THE ATALA ACQUISITION
Toronto, Ontario, April 30, 2013 - Brionor Resources Inc. (“Brionor” or the “Company”) (TSX-V: BNR) announces that it’s previously announced agreement (“the Transaction”) (see press releases dated May 16, October 1, November 16 and December 17, 2012 for more details on the Transaction) to sell its Pitt Gold Project to Xmet Inc.(“Xmet”) will not proceed. The parties had until today to complete the Transaction and have elected to not extend this deadline.
The Company also announces that it has agreed with Atala Resources Corp. (“Atala”) to extend the deadline to complete the previously announced acquisition of Atala (the “Acquisition”) to July 31, 2013 as the agreement between the parties contemplated a closing of the Acquisition on April 30, 2012. As previously disclosed, the completion of the transaction is subject to a number of conditions, including but not limited to, both parties obtaining all necessary approvals, including the required regulatory approvals (see press release dated February 20, 2013 for more details on the Acquisition).
Brionor is a junior mining exploration company with a portfolio of exploration projects in Québec.
FOR FURTHER INFORMATION PLEASE CONTACT:
Brionor Resources Inc.
Lewis Lawrick, President & CEO: 647-478-5307 Robert Ayotte, Executive Chairman: 450-441-9177
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