Minfocus Responds to GreenBank Capital Disclosure and Provides Notice of Termination of LOI by Kapuskasing Gold Corp.
Toronto, ON (FSCwire) - Minfocus Exploration Corp. (TSX-V: MFX) (“Minfocus” or “Company”) further to a news release disseminated by GreenBank Capital Inc., (“GreenBank”) issued on March 1, 2018 (“GB News Release”), in which GreenBank announced that it had requisitioned a shareholder meeting of Minfocus Exploration Corp., pursuant to section 167 of the British Columbia Business Corporations Act (the “Act”), Minfocus announces that, as of the close of business yesterday March 13, 2018, the Company has not received a requisition for a shareholder meeting delivered in accordance with the requirements of the Act.
Minfocus confirms also that it has received a letter giving notice of termination, March 13, 2018, of the Letter of Intent signed between Kapuskasing Gold Corp. (TSXV:KAP) and Minfocus signed on January 23, 2018 regarding the option agreement for Minfocus to earn a 100% interest in the Daniel’s Harbour Zinc Project from Kapuskasing Gold Corp. previously announced by the Company on February 13, 2018.
For further information, please contact:
Kenneth B. de Graaf
President & Chief Executive Officer
About Minfocus Exploration Corp.
Minfocus Exploration Corp. is a Canadian company currently advancing a portfolio of base metal projects including zinc and nickel projects in British Columbia and a Platinum Group Element (“PGE”) rich nickel project in N.W. Ontario. Minfocus has a successful management group with a record of multiple discoveries of deposits worldwide, including gold and uranium deposits in Mongolia and PGE-rich resources in Ontario, including the discovery of the first Platinum-rich Pt-Pd-Cu-Ni deposit in the Midcontinent Rift, the Current Lake deposit (+700,000 oz. Pt-Eq).
The Qualified Person who has reviewed and approved the technical content contained in this release is Dr. Graham C. Wilson, P.Geo.(Ont), a director of Minfocus.
Neither the TSX Venture Exchange nor its Regulatory Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
This press release includes certain forward-looking statements concerning the future performance of the Company’s business and operations as well as management’s objectives, strategies, beliefs and intentions. Forward-looking statements are often identifiable by the use of words such as “may”, “will”, “might”, “would”, “plan”, “believe”, “expect”, “anticipate”, “intend”, “estimate”, “scheduled”, “forecasts” and similar expressions or variations (including negative variations) of such words and phrases. Forward-looking statements are based on the current opinions and expectations of management, and are subject to a number of risks and uncertainties that may cause actual results, performance or achievements of the Company to be materially different from those currently anticipated by such statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, the possibility that future exploration results will not be consistent with the Company’s expectations, fluctuating commodity prices, delays in commencing the Company’s proposed drilling program, exploration costs varying significantly from estimates, the availability of financing, and other risks identified in the Company’s documents filed with the Canadian securities regulatory authorities at www.sedar.com. Any forward-looking statement speaks only of the date on which it is made, and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement.
Source: Minfocus Exploration Corp. (TSX Venture:MFX)
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