Champion Bear Cancels Agreement to Defer the Debt Owing to Its Chairman and President
Champion Bear Cancels Agreement to Defer
the Debt Owing to Its Chairman and President
Calgary, Alberta--(Newsfile Corp. - December 16, 2022) -
Champion Bear Resources Ltd. (TSXV:
CBA) ("Champion Bear"
or the
"Company")
advises that
it has cancelled the debt deferment
agreement issued September 30, 2020 (see news release dated October 2, 2020 filed on SEDAR) with
Richard Kantor, the Company's Chairman and President, and Tomahawk Oil and gas Ltd.
(
"Tomahawk"
), a company controlled by Mr. Kantor, with respect to all of the indebtedness owing by
the company to Mr. Kantor and Tomahawk.
The Company indebtedness will be repaid in the normal course of business and will be subject to
approval of the Board of Directors at the time of repayment.
About Champion Bear
Champion Bear is a mineral exploration company focused exclusively on the historically prospective
regions of Ontario. The Company's primary targets are platinum group metals, precious metals, and
polymetallic base metals deposits. Champion Bear's aim is to create shareholder value through
selective property acquisition followed by focused exploration emphasizing drilling. The Company has
assembled a large land position in the Dryden and Sudbury areas, totaling over 16,000 hectares.
Additional information about Champion Bear can be found on the Company's website at
www.championbear.com
and on SEDAR at
www.sedar.com
.
For further information, please contact: Richard D. Kantor, Chairman and President of Champion Bear
at phone: (403) 850-9103.
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
.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
:
This news release includes certain "forward-looking statements" under applicable Canadian securities
legislation. Forward-looking statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties,
and other factors which may cause the actual results and future events to differ materially from those
expressed or implied by such forward-looking statements. All statements that address future plans,
activities, events, or developments that the Company believes, expects or anticipates will or may occur
are forward-looking information, including statements regarding the potential development of resources
and drilling plans which may or may not occur. Forward-looking statements and information contained
herein are based on certain factors and assumptions regarding, among other things, the market price of
the Company's securities, metal prices, exchange rates, taxation, the estimation, timing and amount of
future exploration and development, capital and operating costs, the availability of financing, the receipt
of regulatory approvals, environmental risks, title disputes, failure of plant, equipment or processes to
operate as anticipated, accidents, labour disputes, claims and limitations on insurance coverage and
other risks of the mining industry, changes in national and local government regulation of mining
operations, and regulations and other matters. There can be no assurance that such statements will
prove to be accurate, as actual results and future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
The Company disclaims any intention or obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise, except as required by law.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/148400