St. Anthony Gold Corp. Provides Update on ST. Anthony Project
For Immediate Release
St. Anthony Gold Corp. Provides Update on ST. Anthony Project
VANCOUVER, BC / ACCESSWIRE / April 4, 2022 / St. Anthony Gold Corp. (“St. Anthony” or the
“Company“) (CSE: STAG) (Frankfurt: M1N) (OTC: MTEHF) announces it has received a notice of
default under its option agreement dated March 15, 2022 with Magabra Resources Corp.
(“Magabra”). While the 30 day default correction period has not yet expired, the Company has
determined that it would take the conservative approach and impair the property in its just filed
quarterly statements, resulting in a write down of $2,725,119.
While the Company disputes the legal and factual basis of the default notice, it is in ongoing
discussions with Magabra. However, since Magabra created the basis of the alleged defaults by
repeatedly refusing to provide the information needed to allow the Company to complete the
earn in of its interest in the St. Anthony property, there is no certainty that this matter will not
end up before the courts.
About St. Anthony Gold Corp.
St. Anthony Gold Corp., a Canadian-based mineral exploration corporation, is focused on
identifying and advancing high-value mineral properties.
FOR ADDITIONAL INFORMATION SEE THE COMPANY’S WEB SITE AT
https://stanthonygoldcorp.com
Email to [email protected]
Contact: Peter Wilson CEO - 604-649-0945
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the Canadian Securities Exchange) accepts responsibility for the
adequacy or accuracy of this release.
Further information about the Company is available on www.SEDAR.com under the Company’s
profile.
Certain statements contained in this release may constitute “forward–looking statements” or
“forward-looking information” (collectively “forward-looking information”) as those terms are
used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These
statements relate to future events or future performance. The use of any of the words “could”,
“intend”, “expect”, “believe”, “will”, “projected”, “estimated”, “anticipates” and similar
expressions and statements relating to matters that are not historical facts are intended to
identify forward-looking information and are based on the Company’s current belief or
assumptions as to the outcome and timing of such future events. Actual future results may differ
materially. In particular, this release contains forward-looking information relating to the
business of the Company, the Property, financing and certain corporate changes. The forward-
looking information contained in this release is made as of the date hereof and the Company is
not obligated to update or revise any forward-looking information, whether as a result of new
information, future events or otherwise, except as required by applicable securities laws. Certain
statements contained in this release may constitute “forward–looking statements” or “forward-
looking information” (collectively “forward-looking information”) as those terms are used in the
Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements
relate to future events or future performance. The use of any of the words “could”, “intend”,
“expect”, “believe”, “will”, “projected”, “estimated”, “anticipates” and similar expressions and
statements relating to matters that are not historical facts are intended to identify forward-
looking information and are based on the Company’s current belief or assumptions as to the
outcome and timing of such future events. Actual future results may differ materially. In
particular, this release contains forward-looking information relating to the business of the
Company, the Property, financing and certain corporate changes. The forward-looking
information contained in this release is made as of the date hereof and the Company is not
obligated to update or revise any forward-looking information, whether as a result of new
information, future events or otherwise, except as required by applicable securities laws.