Aranjin Resources Announces Approval by TSXV of Agreement for Reciprocal Exploration with Ion Energy Ltd.
Aranjin Resources Announces Approval by
TSXV of Agreement for Reciprocal Exploration
with Ion Energy Ltd.
Ulaanbaatar, Mongolia--(Newsfile Corp. - April 14, 2022) - Aranjin Resources Ltd. (TSXV: ARJN)
("
Aranjin
") is very pleased to announce that the TSX Venture Exchange has approved the previously
announced (
see Press Release dated February 1, 2022
) agreement between ION Energy Ltd. (TSXV:
ION) (OTCQB: IONGF) (FSE: 5YB) ("
ION
") and Aranjin whereby the parties granted one another
reciprocal exploration rights on their respective exploration licences within Mongolia.
Both ION and Aranjin will leverage one another's expertise in their respective metals, with Aranjin being
granted a right to explore ION's properties for base metals (including copper, lead, zinc, nickel, cobalt
and associated metals), and ION being granted a right to explore Aranjin's properties for lithium. This
structured approach is aimed at enlarging both Parties' exploration area within the mineral rich regions
of Mongolia, thus ensuring that both ION and Aranjin maximize their chances of carrying a property to the
development stage.
The Company's consolidated financial results for the year ended December 31, 2021, have been filed
on SEDAR. The full version of the consolidated financial statements and associated management's
discussion & analysis can be viewed on the Company's website at
www.aranjinresources.com
or under
the Company's profile on SEDAR at
www.sedar.com
.
About Aranjin Resources Ltd.
Aranjin Resources Ltd. is committed to exploring and developing its prospective copper projects, the
Sharga Project, the
Bayan Undur Project, both located in Mongolia. Information about the Company is
available on its website,
www.aranjinresources.com
,
or under its profile on SEDAR at
www.sedar.com
.
Contact Information
Siloni Waraich
Media Relations
+1 416-432-4920
Cautionary Statements
Certain information contained herein constitutes forward-looking information or statements under
applicable securities legislation and rules. Such statements include, but are not limited to, statements
with respect to the anticipated completion of the Joint Venture, contemplated expenditures of the
Parties, anticipated development of mineral projects into the exploitation phase, appointments of certain
executives and board members, issuances of common shares of Aranjin in connection with the
appointment of Mr. Haji, and completion of acquisitions. Forward-looking statements are based on the
opinions and estimates of management as of the date such statements are made and are subject to
known and unknown risks, uncertainties and other factors that may cause the actual results, level of
activity, performance or achievements of ION and/or Aranjin to be materially different from those
expressed or implied by such forward-looking statements, including, but not limited to: (i) any inability of
the parties to satisfy the conditions to the completion of the Joint Venture on acceptable terms or at all;
(ii) any inability to effect the acquisition of any mineral projects, or produce a favorable feasibility study;
(iii) any inability to effect appointments of individuals to the board or management of Aranjin; (iv) any
inability to effect a share issuance to Ali Haji, including due to a failure to obtain the requisite regulatory
approvals; and (v) receipt of necessary domestic and foreign stock exchange, court, shareholder, and
other regulatory approvals. Although management of each of ION and Aranjin has attempted to identify
important factors that could cause actual results to differ materially from those contained in forward-
looking statements, there may be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove to be accurate. Accordingly,
readers should not place undue reliance on forward-looking statements. Neither party will update any
forward-looking statements or forward-looking information that are incorporated by reference herein,
except as required by applicable securities laws. The parties caution readers not to place undue
reliance on these forward-looking statements and it does not undertake any obligation to revise and
disseminate forward-looking statements to reflect events or circumstances after the date hereof, or to
reflect the occurrence of or non-occurrence of any events.
This press release is not and is not to be construed in any way as, an offer to buy or sell securities in the
United States. This press release shall not constitute an offer to sell or the solicitation of an offer to buy
the ION or Aranjin common shares, nor shall there be any offer or sale of the ION or Aranjin common
shares in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Neither the TSX, the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX and TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/120509