Antler Gold Announces Signing of Definitive Agreement to Sell Cape Ray Project in Newfoundland
Antler Gold Announces Signing of Definitive
Agreement to Sell Cape Ray Project in
Newfoundland
HALIFAX
,
Aug. 27, 2019
/CNW/ - Antler Gold Inc. ("
Antler
") (TSXV: ANTL) is pleased to announce
that it has entered into a definitive agreement to sell its
Cape Ray
licenses ("
Cape Ray
Licenses
") in
Newfoundland
to Cape Ray Mining Limited, a wholly-owned indirect subsidiary of
Matador Mining Limited.
In order to acquire a 100% interest in the Cape Ray Licenses (which total 191 claims), Matador
must make a cash payment of
$50,000
to Antler and issue Antler
$15,000
worth of Matador
common shares. The number of Matador common shares to be issued to Antler is to be determined
based on the 15-day volume weighted average price per share immediately prior to the closing date,
which is anticipated to be on or before
September 15, 2019
.
Completion of the acquisition of the Cape Ray Licenses is subject to conditions that are customary
for such a transaction, including finalization of due diligence, securing all required opinions and
approvals and transfer of the Cape Ray Licenses.
Cautionary Statements
This press release may contain forward-looking information, such as statements regarding the
completion of the transaction and future plans and objectives of Antler. This information is based on
current expectations and assumptions (including assumptions in connection with the continuance of
the applicable company as a going concern and general economic and market conditions) that are
subject to significant risks and uncertainties that are difficult to predict, including risks relating to the
ability to satisfy the conditions to completion of the transaction. Actual results may differ materially
from results suggested in any forward-looking information. Antler assumes no obligation to update
forward-looking information in this release, or to update the reasons why actual results could differ
from those reflected in the forward-looking information unless and until required by applicable
securities laws. Additional information identifying risks and uncertainties is contained in filings made
by Antler with Canadian securities regulators, copies of which are available at
www.sedar.com
.
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.
SOURCE
Antler Gold Inc.
View original content:
http://www.newswire.ca/en/releases/archive/August2019/27/c0537.html
%SEDAR: 00038775E
For further information:
Daniel Whittaker, President and CEO of Antler Gold Inc., at (902) 488-
4700.
CO: Antler Gold Inc.
CNW 16:30e 27-AUG-19