Regency Announces Change of Name to Clean Air Metals Inc.
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Regency Announces Change of Name
to Clean Air Metals Inc.
Toronto, ON, April 7, 2020 – Regency Gold Corp. (“ Regency” or the “Company”) (NEX:
RAU.H) is pleased to announce that at the special meeting of shareholders of the Company held
on March 31, 2020, the shareholders of the Company voted in favour of the previously announced
proposed name change of the Company, and that the Company h as amended its articles in
accordance with the Canada Business Corporations Act and changed its name to “Clean Air Metals
Inc.”
The Company is also please d to announce that the Listing Committee of the TSX Venture
Exchange (the “ TSXV”) has conditionally accepted the Company’s previously announced
proposed reverse takeover transaction (the “ Transaction”), subject to certain conditions
precedent. The Transaction envisions completion of the Definitive Option Agreement , pursuant
to which the Company will acquire from Benton Resources Inc., the option to acquire a 100%
interest in each of the Escape Lake Property and the TBN Property, both of which are located in
Thunder Bay, Ontario, as more fully described in the Company’s previous news release of January
10, 2020.
“Shareholder approval of the change of the Company’s name to Clean Air Metals Inc. is a
watershed moment for the Company. The Company’s name change, combined with the recent
conditional approval of the Transaction by the Listing Committee of the TSX V, creates a clear
path to resumption of trading under symbol AIR: TSXV ” said Abraham Drost, Chief Executive
Officer and a Director of the Company.
ON BEHALF OF THE BOARD OF DIRECTORS
"Abraham Drost"
Abraham Drost, Chief Executive Officer of Clean Air Metals Inc. (formerly, Regency Gold Corp.).
For further information, please contact:
Abraham Drost, Chief Executive Officer of Clean Air Metals Inc. (formerly, Regency Gold Corp.).
Phone: 807-252-7800
Email: [email protected]
Website: www.cleanairmetals.ca
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Cautionary Note
The TSXV has neither approved nor disapproved the contents of this news release.
The information contained herein contains "forward -looking statements" within the meaning of
applicable securities legislation. Forward -looking statements relate to information that is based
on assumptions of management, forecasts of future results, and es timates of amounts not yet
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determinable. Any statements that express predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance are not statements of historical fact and
may be "forward-looking statements."
Forward-looking statements are subject to a variety of risks and uncertainties which could cause
actual events or results to differ from those reflected in the forward-looking statements, including,
without limitation: risks related to failure to obtai n adequate financing on a timely basis and on
acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks
associated with mining and exploration; risks related to the maintenance of stock exchange
listings; risks related to environmental regulation and liability; the potential for delays in
exploration or development activities or the completion of feasibility studies; the uncertainty of
profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade
and continuity of mineral deposits; risks related to the inherent uncertainty of production and
cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and
feasibility studies, and the possibility that future exploration, development or mining results will
not be consistent with the Company's expectations; risks related to gold price and other
commodity price fluctuations; and other risks and uncertainties related to the Company's
prospects, properties and business detailed elsewhere in the Company's disclosure record. Should
one or more of these risks and uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those described in forward-looking statements.
Investors are cautioned against attributing undue certainty to forward-looking statements. These
forward looking statements are made as of the date hereof and the Company does not assume
any obligation to update or revise them to reflect new events or circumstances. Actual events or
results could differ materially from the Company's expectations or projections.