Black Springs Files Filing Statement FOR Qualifying Transaction with Groupe Ressources Géomines Inc.
Black Springs Capital Inc.
Suite 1740-1177 West Hastings Street
Vancouver, BC Canada V6E 2K3
NEWS RELEASE NEX: BSG.H
BLACK SPRINGS FILES FILING STATEMENT FOR QUALIFYING
TRANSACTION WITH GROUPE RESSOURCES GÉOMINES INC.
Vancouver, British Colombia. March 17, 2017 – (NEX: BSG.H) Black Springs Capital
Inc. (the “Corporation” or “BSC”) a capital pool company listed on the NEX Board of
the TSX Venture Exchange (the “ Exchange”), is pleased to announce that its Filing
Statement dated as of March 7, 2017 has been filed on SEDAR and may be viewed under
the Corporation’s profile at www.sedar.com. The Filing Statement describes the
Corporation’s proposed qualifying transaction (the “ Qualifying Transaction ”) with
Groupe Ressources Géomines Inc. (“Géomines”).
On closing of the Qualifying Transaction, the Corporation will change its name to
“Kintavar Exploration Inc.” and is expected to commence trading on the Exchange as a
Tier 2 mining issuer, at which time the Cor poration will no longer be considered a capital
pool company.
The Corporation has received Exchange cond itional approval to complete the Qualifying
Transaction, subject to closing of the Qualif ying Transaction by not later than June 14,
2017 and completion of certain other filings.
Completion of the Qualifying Transaction remains subject to a number of conditions,
including final approval of the Exchange.
For further information, please contact:
Hani Zabaneh, President at:
Suite 1328-885 West Georgia Street
Vancouver, BC Canada V6C 3E8
Tel: 604-288-8968
Neither TSX Venture Exchange nor its Regulati on Services Provider (as that term is
defined in the policies of the Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Completion of the Qualifying Transaction is subject to a number of conditions, including
but not limited to, Exchange acceptance and if applicable pursuant to Exchange
Requirements, majority of the minority shareholder approval. Where applicable, the
Qualifying Transaction cannot close until the required shareholder approval is obtained.
There can be no assurance that the Qualifying Transaction will be completed as proposed
or at all.
Investors are cautioned that, except as disc losed in the management information circular
or filing statement to be prepared in connection with the Qualifying Transaction, any
information released or received with resp ect to the Qualifying Transaction may not be
accurate or complete and should not be relied up on. Trading in the securities of a capital
pool company should be considered highly speculative.
The Exchange has in no way passed upon the merits of the Qualifying Transaction and
has neither approved nor disapproved the contents of this press release.
This news release contains forward-looking statements relating to the timing and
completion of the Qualifying Transaction, and other statements that are not historical
facts. Forward-looking statements are often identified by terms such as "will", "may",
"should", "anticipate", "expects" and simila r expressions. All statements other than
statements of historical fact, included in this release, are forward-looking statements that
involve risks and uncertainties. There can be no assurance that such statements will prove
to be accurate and actual results and future events could differ materially from those
anticipated in such statements. Important factors that could cause actual results to differ
materially from the Corporation's and Géomin es’s expectations include the failure to
satisfy the conditions to completion of the Qualifying Transaction set forth above and
other risks detailed from time to time in the filings made by the Corporation and
Géomines with securities regulations.
The reader is cautioned that assumptions used in the preparation of any forward-looking
information may prove to be incorrect. Events or circumstances may cause actual results
to differ materially from those predicted, as a result of numerous known and unknown
risks, uncertainties, and other factors, many of which are beyond the control of the
Corporation and Géomines. As a result, the Corporation and Géomines cannot guarantee
that the Qualifying Transaction will be completed on the terms and within the time
disclosed herein or at all. The reader is cautioned not to place undue reliance on any
forward-looking information. Such information, although considered reasonable by
management at the time of preparation, may prove to be incorrect and actual results may
differ materially from those anticipated. Forward-looking statements contained in this
news release are expressly qualified by this cautionary statement. The forward-looking
statements contained in this news release are made as of the date of this news release and
the Corporation and Géomines will not update or revise publicly any of the included
forward-looking statements except as expressly required by Canadian securities law.