As a result of this repayment, Altius has not exercised into additional common shares of Adventus and relinquished its right to convert the indebtedness into a new net smelter return royalty on the El Domo - Curipamba project. The convertible loan agreement between Adventus and Altius was originally signed in
The repayment to Altius was funded from the proceeds of the private placement that was completed on
As a further update on the Transaction, the Company announced that a court date for the interim order in connection with the Transaction has been scheduled for
Please also visit the Adventus website at www.adventusmining.com and follow us on X/Twitter: https://twitter.com/AdventusMining and LinkedIn: https://ca.linkedin.com/company/adventus-mining-corporation.
This release contains certain "forward looking statements" and certain "forward-looking information" as "defined under applicable Canadian and
Forward-looking statements relate to future events or future performance and reflect Adventus' expectations or beliefs regarding future events. By their very nature, forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, amongst others, risks related to the exploration, development, production, recoveries and other anticipated or possible future developments at the El Domo - Curipamba project, including, without limitation, that exploration, development and production activities will not occur or be as anticipated; that environmental permitting will not be approved; general economic, business and political conditions; and that the capital amounts controlled by the Company may not be sufficient for the Company to achieve its strategic milestones.
Forward-looking information are based on management of the parties' reasonable assumptions, estimates, expectations, analyses and opinions, which are based on such management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Such factors, among other things, include: business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of copper or certain other commodities; change in national and local governments, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); discrepancies between actual and estimated metallurgical recoveries; inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties.
Adventus undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on the information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
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