Whitemud Provides Operational and Debt Update
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WHITEMUD PROVIDES OPERATIONAL AND DEBT UPDATE
Calgary, June 16, 2020 – Whitemud Resources Inc. (“ Whitemud” and the “Company”) (TSX-V:
WMK) is pleased to announce that the Company reduced the principal on its outstanding secured
loans in the amount of $500,000 on June 15, 2020 pu rsuant to the Company’s previously
announced debt reduction plan.
The performance of the Company’s Midstream Energy Partners division during the first quarter of
2020 continues to support a reduction of the Company’s secured loans.
About Whitemud Resources Inc.
Whitemud is a Canadian-based corporation engaged in the business of commodity marketing
and logistics through Midstream Energy Partners, a division of Whitemud Resources Inc. formed
in 2015.
Whitemud also holds mineral rights to exploit a lar ge kaolin deposit in southern Saskatchewan,
together with a processing facility located on the property. Whitemud’s product, Whitemud (MK)
is a cement-grade metakaolin that enhances the performance of cement for oil and gas wells and
construction applications. The Company uses a process that minimizes environmental impact.
For further information, please contact:
Whitemud Resources Inc.
General Inquiries
Suite 3900, 205 5 th Avenue SW
Calgary, Alberta T2P2V7
Telephone: 403-266-1985
Reader Advisory
This news release contains forward-looking statemen ts, within the meaning of applicable
securities legislation, concerning Whitemud’s busin ess and affairs. In certain cases, forward-
looking statements can be identified by the use of words such as ‘‘attempts’’, ‘‘intends’’,
“continues” or variations of such words and phrases or state that certain actions, events or results
‘‘may’’, ‘‘could’’, ‘‘would’’, ‘‘might’’ or ‘‘will be taken’’, ‘‘occur’’ or ‘‘be achieved’’. These statements
involve known and unknown risks, uncertainties and other factors that may cause actual results
or events to differ materially from those anticipated in such forward-looking statements. Although
Whitemud believes these statements to be reasonable , no assurance can be given that these
expectations will prove to be correct and such forw ard-looking statements included in this news
release should not be unduly relied upon. Such statements include statements with respect to (i)
Whitemud having sufficient cash reserves to manage its business affairs and seek out other
business opportunities; (ii) Whitemud’s ability to make additional payments under the debt
reduction plan on a quarterly basis or otherwise; and (iii) the continued support of the Company’s
secured creditors going forward. Actual results cou ld differ materially from those anticipated in
these forward-looking statements as a result of prevailing economic conditions, and other factors,
many of which are beyond the control of Whitemud. The forward-looking statements contained in
this news release represent Whitemud’s expectations as of the date hereof, and are subject to
change after such date. Whitemud disclaims any inte ntion or obligation to update or revise any
forward-looking statements whether as a result of n ew information, future events or otherwise,
except as may be required by applicable securities regulations.
Neither the TSXV nor its Regulation Services Provid er (as that term is defined in the policies of
the TSX Venture Exchange ) accepts r esponsibility for the adequacy or accuracy of this release.
Not for distribution to United States Newswire Services or for dissemination in the United States.