/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.
WIRE SERVICES/
TORONTO, Oct. 28, 2021 /CNW/ - Bald Eagle Gold Corp.
("Bald Eagle" or the "Company") (TSXV: BIG) (OTCBQ:
BADEF) announces that, further to the Company's press release
dated October 4, 2021, the Company,
has completed the transaction (the "Transaction") involving
the assignment of its 50% joint venture interest in certain
unpatented mineral claims and leases in Nevada forming the Hot Springs property (the
"Hot Springs Property") to Huizenga Exploration Group, LLC
("HEG").
Pursuant to the terms of the Transaction, the Company received
USD$1,270,000 in cash.
Mr. Raymond Harari, President and
Director, commented: "We are pleased to have successfully completed
the divestment of our position in the Hot Springs Property,
bringing in significant non-dilutive capital, which will enable us
to undertake an exploration program in the recently acquired
Hercules property. The completion of this Transaction is another
step towards pivoting to our prospective silver property in
Idaho."
About Bald Eagle Gold Corp.
Bald Eagle Gold Corp. is a junior mining company focused on the
exploration and development of advanced exploration assets in known
precious metal districts in the Americas. The Company's objective
is to acquire advanced exploration projects for exploration and
development. The Company intends to, through evaluating historical
data and utilizing modern exploration techniques and geological
concepts enhance resources. The management team and board of
directors of the Company have an established track record of
creating significant returns for investors and have demonstrated
access to capital to advance the development of assets.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this
release.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities in
the United States. Any securities
referred to herein have not and will not be registered under the
United States Securities Act of 1933, as amended (the "U.S.
Securities Act") or any state securities laws and may not be
offered or sold within the United
States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws of an exemption
from such registration is available.
Forward-Looking Information
This press release contains "forward-looking information" within
the meaning of applicable Canadian securities legislation.
Generally, forward-looking information can be identified by the use
of forward-looking terminology such as "plans", "expects" or "does
not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain acts, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". Forward-looking
information in this press release may include, without limitation,
the future operating or financial performance of Bald Eagle.
Forward-looking information is subject to known and unknown
risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of Bald
Eagle, as the case may be, to be materially different from those
expressed or implied by such forward-looking information. Although
Bald Eagle has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking information. Bald Eagle
does not undertake to update any forward-looking information,
except in accordance with applicable securities laws.
SOURCE Bald Eagle Gold Corp.
