SRG Mining Receives Mining Permit For Its Lola Graphite Project
SRG Mining Receives Mining Permit For Its
Lola Graphite Project
MONTREAL
,
Nov. 27, 2019
/CNW Telbec/ -
SRG Mining Inc.
(TSXV: SRG) ("SRG" or the
"Company") today is pleased to announce it has been formally awarded the mining permit for its Lola
graphite project (the "Project") near the town of Lola in eastern
Guinea
,
West Africa
. The fifteen (15)
year renewable permit was officially granted by the Government of
Guinea
through presidential
decree in conformity with the Company's request of
March 22, 2019
.
"We are very pleased with the efforts and professionalism demonstrated by the Government of
Guinea
in support of this Project. We see this as a reflection of the maturity of
Guinea
as a mining
jurisdiction who recognizes the importance of diversifying its mining resources." "With the receipt of
the mining permit, we will now work closely with the Government in order to negotiate and finalize a
mining convention in accordance with the mining regulations" said
Ugo Landry-Tolszczuk
, President
and COO of SRG Mining.
ABOUT SRG MINING
SRG Mining is a Canadian-based mining company focused on developing the Lola graphite deposit
located in the Republic of
Guinea
,
West Africa
. SRG is committed to operating in a socially,
environmentally, and ethically responsible manner.
For additional information, please visit SRG's website at
www.srgmining.com
.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking information" within the meaning of Canadian securities
legislation. All information contained herein that is not clearly historical in nature may constitute
forward-looking information. Generally, such forward-looking information can be identified by the use
of forward-looking terminology such as "will", "continue", "progress", "reasonable", "established",
"has", "demonstrate", "potential", or variations of such words and phrases or state that certain
actions, events or results "may", "could", "would" or "might". Forward-looking information is subject
to known and unknown risks, uncertainties and other factors that may cause the actual results, level
of activity, performance or achievements of the Company to be materially different from those
expressed or implied by such forward-looking information, including but not limited to: (i) volatile
stock price; (ii) the general global markets and economic conditions; (iii) the possibility of write-
downs and impairments; (iv) the risk associated with exploration, development and operations of
mineral deposits including the accuracy of the current mineral reserve and mineral resource
estimates of the Company (including, but not limited to, ore tonnage and ore grade estimates) and
mine plans for the Company's mining operations (including, but not limited to, throughput and
recoveries being affected by metallurgical characteristics); (v) the risk associated with establishing
title to mineral properties and assets including permitting, development, operations and production
from the Company's operations being consistent with expectations and projections; (vi) fluctuations in
commodity prices, finding offtake takers and potential clients and other risks and factors described
or referred to in the section entitled "Risk Factors" in the MD&A of the Company and which is
available at
www.sedar.com
, all of which should be reviewed in conjunction with the information
found in this news release.
Although the Company has attempted to identify important factors that could cause actual results to
differ materially from those contained in the forward-looking information, there may be other factors
that cause results not to be as anticipated, estimated or intended. There can be no assurance that
such forward-looking information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such forward-looking information. Such forward-looking
information has been provided for the purpose of assisting investors in understanding the Company's
business, operations and exploration plans and may not be appropriate for other purposes.
Accordingly, readers should not place undue reliance on forward-looking information. Forward-
looking information is given as of the date of this press release, and the Company does not
undertake to update such forward-looking information except in accordance with applicable
securities laws.
SOURCE
SRG Mining Inc.
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%SEDAR: 00008697E
For further information:
Ugo Landry-Tolszczuk, Email: [email protected];
Benoit La Salle, FCPA FCA, Email: [email protected]
CO: SRG Mining Inc.
CNW 10:44e 27-NOV-19