Demesne Announces Consultant Payments Through Issuance of Shares
DEMESNE RESOURCES LTD. ANNOUNCES CONSULTANT PAYMENTS
THROUGH ISSUANCE OF SHARES
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
TORONTO, August 26, 2024/CNW/ - Demesne Resources Ltd. (CSE:DEME) (“Demesne” or
the “Company”) announces that, further to its press releases dated August 22, 2023 and October
20, 2023, it has issued as compensation an aggregate of 230,000 common shares of the
Company (the “Common Shares”) to one consultant and one director. These payments have
been made pursuant to certain consulting agreements that provide for payment in Common
Shares for services rendered, payable on a quarterly basis.
ABOUT DEMESNE RESOURCES LTD.
Demesne Resources Ltd. is a British Columbia based company involved in the acquisition and
exploration of magnetite mineral properties, with a focus on mineral properties located in British
Columbia. The Company's sole property is the Star Project, consisting of five contiguous mineral
titles covering an area of approximately 4,615.75 hectares located in the Skeena Mining Division,
British Columbia, Canada. The Company has entered into an option agreement pursuant to which
it is entitled to earn an undivided 100% interest in the Star Project.
FORWARD–LOOKING STATEMENTS
This news release may include forward-looking statements that are subject to risks and
uncertainties. All statements within, other than statements of historical fact, are to be considered
forward looking.
Generally, such forward-looking statements can be identified by the use of forward-looking
terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”,
“estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations
of s uch words and phrases or may contain statements that certain actions, events or results
“may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”.
Forward-looking statements in this news release include statements with respect to the issuance
of Common Shares, including the terms, timing and completion thereof.
Although the Company believes the expectations expressed in such forward-looking statements
are based on reasonable assumptions, such statements are not guarantees of future performance
and actual results or developments may differ materially from those in forward-looking statements.
Factors that could cause actual results to differ materially from those in forward-looking
statements include risks associated with general economic conditions, adverse industry events,
marketing costs, loss of markets, future legislative and regulatory developments, the inability to
access sufficient capital on favourable terms, income tax and regulatory matters, the ability of the
Company to execute its business strategies and risks associated with the Company's Common
Shares trading on the Canadian Securities Exchange.
Any forward-looking statement speaks only as of the date on which it is made and, except as may
be required by applicable securities laws, the Company undertakes no obligation to update or
revise any forward-looking statements, whether as a result of new information, future events or
otherwise. New factors emerge from time to time, and it is not possible for the Company to predict
all of them, or assess the impact of e ach such factor or the extent to which any factor, or
combination of factors, may cause results to differ materially from those contained in any forward-
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looking statement. Any forward-looking statements contained in this news release are expressly
qualified in their entirety by this cautionary statement.
Although we believe that the assumptions inherent in the forward-looking statements are
reasonable, there can be no assurances that such statements will prove accurate and, therefore,
readers are advised to rely on their own evaluation of such uncertainties. We do not assume any
obligation to update any forward-looking statements except as required under the applicable laws.
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.
SOURCE Demesne Resources Ltd.
For further information: Demesne Resources Ltd., Adam Virani, CEO, Corporate Secretary and
Director, Email: [email protected]; Phone: +56 9-4770-8252