Royal Road Minerals Announces Extension of Letter of Intent with Mineros S.A. for Colombian Joint Venture
Royal Road Minerals Announces Extension of Letter of
Intent with Mineros S.A. for Colombian Joint Venture
Toronto, Ontario--(Newsfile Corp. - February 3, 2020) - Royal Road Minerals Limited (TSXV: RYR) ("
Royal Road
" or the
"
Company
") is pleased to announce that it has entered into an agreement with Mineros S.A. ("
Mineros
") to amend its
previously announced letter of intent (the "
LOI
") in relation to the Company's Guintar and Niverengo concessions and its
Margaritas title application ("
GNM Project
") in Antioquia District, Colombia. The agreement extends the deadline for entering
into a definitive agreement with Mineros from January 30, 2020 to March 30, 2020.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary statement:
This news release contains certain statements that constitute forward-looking information and forward-looking statements
within the meaning of applicable securities laws (collectively, "forward-looking statements") including statements relating to
the proposed joint venture and those describing the Company's future plans and the expectations of its management that a
stated result or condition will occur. Such forward-looking statements involve known and unknown risks, uncertainties and
other factors that may cause the actual results, performance or achievements of the Company, or developments in the
Company's business or in the mineral resources industry, or with respect to the letter of intent and the proposed definitive
agreement and transactions contemplated thereby, to differ materially from the anticipated results, performance,
achievements or developments expressed or implied by such forward-looking statements. Forward-looking statements
include all disclosure regarding possible events, conditions or results of operations that is based on assumptions about,
among other things, future economic conditions and courses of action, and assumptions related to government approvals,
and anticipated costs and expenditures. The words "plans", "prospective", "expect", "intend", "intends to" and similar
expressions identify forward looking statements, which may also include, without limitation, any statement relating to future
events, conditions or circumstances. Forward-looking statements of the Company contained in this news release, which may
prove to be incorrect, include, but are not limited to, those related to the Acquisition, the Company and the Company's plans
exploration plans.
The Company cautions you not to place undue reliance upon any such forward-looking statements, which speak only as of
the date they are made. There is no guarantee that the anticipated benefits of the Acquisition and the Company's business
plans or operations will be achieved. The risks and uncertainties that may affect forward-looking statements include, among
others: economic market conditions, anticipated costs and expenditures, government approvals, and other risks detailed
from time to time in the Company's filings with Canadian provincial securities regulators or other applicable regulatory
authorities. Forward-looking statements included herein are based on the current plans, estimates, projections, beliefs and
opinions of the Company management and, in part, on information provided to the Company by Anglo Ashanti and its
affiliates, and, except as required by law, the Company does not undertake any obligation to update forward-looking
statements should assumptions related to these plans, estimates, projections, beliefs and opinions change.
For further information please contact:
Dr. Timothy Coughlin
President and Chief Executive Officer
USA-Canada toll free 1800 6389205
+44 (0)1534 887166
+44 (0)7797 742800
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/52042