Demesne Resources Ltd. Announces Receipt of Final Approval FOR CSE Listing
DEMESNE RESOURCES LTD. ANNOUNCES RECEIPT OF FINAL APPROVAL FOR CSE
LISTING
/NOT FOR DISTRIBUTION IN THE UNITED STATES OR DISSEMINATION IN THE
UNITED STATES/
TORONTO, May 1 , 2023/CNW/ - Demesne Resources Ltd. (CSE:DEME) (“Demesne” or
the “Company”) is pleased to announce that the Company has received final approval to list
its common shares (the “Shares”) on the Canadian Securities Exchange (the “CSE”).
The Shares will be listed on the CSE under the symbol “DEME” at the opening of trading on
May 3, 2023 and immediately be halted pending closing of the initial public offering of
5,000,000 Shares of the Company at a purchase price of $0.10 per Share pursuant to a final
long-form prospectus dated February 6, 2023 (the “ Final Prospectus”) filed with the
securities regulatory authorities in Ontario, British Columbia and Alberta.
Shares of the Company are expected to resume trading at the opening of trading on May 4,
2023.
A copy of the Final Prospectus is available on SEDAR at www.sedar.com.
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 contains forward– looking statements and forward– looking information
within the meaning of Canadian securities legislation (col lectively, "forward– looking
statements") that relate to the Company's current expectations and views of future events.
Any statements that express, or involve discussions as to, expectations, beliefs, plans,
objectives, assumptions or future events or perf ormance (often, but not always, through the
use of words or phrases such as "will likely result", "are expected to", "expects", "will
continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans",
"forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may
be forward–looking statements and may involve estimates, assumptions and uncertainties
which could cause actual results or outcomes to differ materially from those expressed in
such forward– looking statements. In particular and without limitation, this news release
contains forward-looking statements pertaining to the Company's proposed CSE listing, the
size of the Offering, the completion of the Offering and the timing thereof. No assurance c an
be given that these expectations will prove to be correct and such forward– looking
statements included in this news release should not be unduly relied upon. These
statements speak only as of the date of this news release.
Forward–looking statements ar e based on a number of assumptions and are subject to a
number of risks and uncertainties, many of which are beyond the Company's control, which
could cause actual results and events to differ materially from those that are disclosed in or
implied by such forward– looking statements. Such risks and uncertainties include, but are
not limited to, failure to complete the Offering, the impact and progression of the COVID –19
pandemic and other factors set forth under "Forward– Looking Statements" and "Risk
Factors" in the Final Prospectus. The Company undertakes no obligation to update or revise
any forward–looking statements, whether as a result of new information, future events or
otherwise, except as may be required by law. 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 each 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– looking statem ent. Any forward– looking
statements contained in this news release are expressly qualified in their entirety by this
cautionary statement.
No securities regulatory authority has either approved or disapproved of the contents of this
news release. The securities have not been, nor will they be, registered under the United
States Securities Act of 1933, as amended, or any state securities laws, and may not be
offered or sold in the United States, or to or for the account or benefit of any person in the
United States, absent registration or an applicable exemption from the registration
requirements. This press release shall not constitute an offer to sell or the solicitation of an
offer to buy any securities in the United States, or in any other jurisdiction in which such offer,
solicitation or sale would be unlawful.
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., Brennan Direnfeld, CEO, Corporate
Secretary and Director, Email: [email protected]; Phone: 647 328-8227