TORONTO, Jan. 26, 2015 /CNW/ - Amato Exploration Ltd.
(the "Company" or "Amato") (TSX-V:AMT) is pleased to announce
that as a result of the current low valuation of precious metal
reserves, Amato has initiated a strategy to aggressively identify
and seize opportunities to acquire such reserves on a long term
horizon, with the full support and backing of its major
shareholder.
The company will not continue to exhaust past exploration
approaches that have led to lackluster market interest and
devaluation, but will instead inventory and strategically develop
each prospective project with particular attention to acute project
development timing, minimizing dilution to shareholders and
executable exit strategies.
In a statement from Kieran
Prashad, President and CEO of the Company, he says that "We
are inherently optimistic and driven to be at the vanguard of
discovery and scientific advancement in this industry, although too
often we forget to ask before spending a dollar to fly a survey,
drill a hole, or build a mine – who will buy it and why? For many
of these projects and companies we can be their last attempt at
creating value for their shareholders but not without keeping in
mind our own end game."
On behalf of AMATO EXPLORATION LTD.
"Kieran Prashad"
Kieran Prashad, President and
CEO
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NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES, AND DOES NOT
CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL
ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES.
THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER
THE UNITED STATES SECURITIES ACT
OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE
OFFERED OR SOLD IN THE UNITED
STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT
THEREFROM.
DISCLAIMER
This news release contains forward-looking
statements which reflect management's current expectations
regarding the Company's objectives, plans, goals, strategies,
future growth, results of operations, performance and business
prospects and opportunities. These forward-looking statements
are not guarantees, but only predictions. Although the
Company believes that these statements are based on information and
assumptions which are current, reasonable and complete, these
statements are necessarily subject to a number of factors that
could cause actual results to vary significantly from current
expectations. These factors and other risks and uncertainties
are discussed in the Company's materials filed with the Canadian
securities regulatory authorities from time to time, as identified
in the Company's disclosure record on www.sedar.com. The
forward-looking statements included in this news release are made
only as of the date of this news release and the Company does not
undertake to publicly update these forward-looking statements to
reflect new information, future events or otherwise, except as
required by law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
SOURCE Amato Exploration Ltd.
