/NOT FOR DISSEMINATION IN
All four mining properties are prospective for gold and silver mineralization in structurally controlled Au-Ag vein deposits type. Property SID-09152X is located immediately northeastwards of Aris' operations in
As compensation for the Concession Contracts, the Company will pay a total amount of USD $400,000. The payment schedule is as follows: Payment 1 of USD
These properties are being acquired from Mrs.
Quimbaya aims to consolidate gold reserves through the exploration and acquisition of mining properties in Antioquia,
follow on X @quimbayagoldinc
follow on LinkedIn @quimbayagold
Certain statements contained in this press release constitute "forward-looking information" as that term is defined in applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. In particular, this news release contains forward-looking information in relation to potential completion of acquiring the Concession Contracts, including Quimbaya's potential business upon the completion of the acquisitions, the potential conditions and satisfaction of those conditions for the completion of the acquisitions and the issuance of compensation shares and cash; the future prospects and any future commerciality of the Concession Contract. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". Forward-looking information by its nature is based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Quimbaya to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These assumptions include, but are not limited to: the satisfaction of any conditions to the acquisitions set forth in the definitive agreements including, without limitation, the acceptance of the proposed acquisition by the CSE and typical closing conditions; and the receipt of all required approvals for the acquisitions, including CSE acceptance, any board approvals or third party consents. Although Quimbaya's management believes that the assumptions made and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. Readers are cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Quimbaya as of the date of this news release and, accordingly, is subject to change after such date. Except as required by law, Quimbaya does not expect to update forward-looking statements and information continually as conditions change.
Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.
SOURCE
© Canada Newswire, source