TORONTO, Oct. 6, 2017 /CNW/ - Kerr Mines Inc. ("Kerr"
or the "Company") (TSX: KER, OTC: KERMF, FRA: 7AZ1)
The securities trade halt on October
5th, 2017 was prompted by a delay in filing of
the documents related to the year ended June
30th, 2017. The Company is working to
resolve the issue in the most efficient and timely manner.
The Company has not filed the following periodic disclosures
required by legislation:
- audited annual financial statements for the year ended
June 30, 2017;
- management's discussion and analysis relating to the audited
annual financial statements for the year ended June 30, 2017;
- annual information form for the year ended June 30, 2017; and
- certification of the foregoing filings as required by National
Instrument 52-109 Certification of Disclosure in Issuers' Annual
and Interim Filings.
About Kerr Mines Inc.
Kerr
Mines is a North American gold development and exploration
company currently advancing the 100% owned, fully permitted
past-producing Copperstone Mine project. Copperstone is a
high-grade gold project located along the Walker Lane mineral belt
in mining-friendly Arizona. The
project demonstrates significant upside exploration potential
within a 3,570 hectare (8,821 acres) land package that includes a
production history of over 500,000 ounces of gold. The Company's
current focus is on maximizing Copperstone's potential by defining
and expanding current resources and strengthening the mine's
economics leading to a production decision.
Cautionary Note Regarding Forward Looking Statements
This news release contains forward-looking statements, including
current expectations on the timing of the commencement of
production and the rate of production, if commenced. These
forward-looking statements entail various risks and uncertainties
that could cause actual results to differ materially from those
reflected in these forward-looking statements. Such statements are
based on current expectations, are subject to a number of
uncertainties and risks, and actual results may differ materially
from those contained in such statements. These uncertainties and
risks include, but are not limited to, the strength of the Canadian
economy; the price of gold; operational, funding, and liquidity
risks; the degree to which mineral resource estimates are
reflective of actual mineral resources; and the degree to which
factors which would make a mineral deposit commercially viable are
present; the risks and hazards associated with underground
operations. Risks and uncertainties about Kerr Mines' business are more fully discussed in
the Company's disclosure materials, including its annual
information form and MD&A, filed with the securities regulatory
authorities in Canada and
available at www.sedar.com and readers are urged to read these
materials. Kerr Mines assumes no
obligation to update any forward-looking statement or to update the
reasons why actual results could differ from such statements unless
required by law.
Neither TSX nor its Regulation Services Provider (as that term
is defined in the policies of the TSX) accepts responsibility for
the adequacy or accuracy of this release and no stock exchange,
securities commission or other regulatory authority has approved or
disapproved the information contained herein.
SOURCE Kerr Mines Inc.