TORONTO, Jan. 18, 2018 /CNW/ - Conquest Resources
Limited (TSX-V: "CQR") ("Conquest" or "the Company") is pleased
to announce that it has launched a new company website and created
a Twitter account.
"Conquest seeks to keep its shareholders and potential
investors well informed and up-to-date on programs and developments
of the Company through the newly redesigned website and connections
to social media." stated Benjamin
Batson, President and Chief Executive of Conquest on the
launch of its new website.
Visit Conquest's website
www.conquestresources.com
Follow Conquest on Twitter
www.twitter.com/ConquestResLtd
Connect with Conquest on LinkedIn
www.linkedin.com/company/conquest-resources-limited
PRIVATE PLACEMENT
Conquest is offering up to 3,500,000 units by way of a private
placement for gross proceeds of up to $525,000 under the terms of the financing (see
News Release dated December 7, 2017).
A total of 1,602,000 units have been subscribed for gross
proceeds of $240,000 (see News
Release dated December 21, 2017).
On January 11, 2018, Conquest
announced that it had extended the deadline for closing its
non-brokered private placement to February
9, 2018.
Of the total $525,000 private
placement, at least $350,000 will be
used for exploration at Golden Rose, representing the flow-through
portion of the private placement, while the remaining proceeds will
be used for the general expenses of the Company.
COMPANY OVERVIEW
Established in 1945, Conquest is an Ontario-based, gold exploration company.
On December 7, 2017, Conquest
acquired a 100% interest in the Golden Rose Property comprising
patented and staked mining claims located 65 kilometres northeast
of Sudbury, Ontario. The
patented and staked mining claims measure 770 hectares in size
which encompass the former Golden Rose gold mine and highly
prospective North and South banded iron formations at Emerald
Lake. Conquest is planning to commence a property-wide
surface exploration program following the completion of the private
placement financing.
Conquest holds an undivided 100% interest in the Alexander Gold
Property located in the Red Lake
mining camp in Ontario. The Alexander Property is located
immediately east of Goldcorp's Red
Lake and Campbell mines in the heart of the Red Lake Gold
Camp on the important "Mine Trend" regional structure.
Conquest's property is almost entirely surrounded by Goldcorp's
land holdings.
In addition, Conquest owns a 100% interest in the Smith Lake
Gold Property which consists of six (6) patented mining claims and
sixteen (16) staked mining claims in Leeson, Stover, Brackin, and
Rennie Townships in northern Ontario, lying to the north, west and south of
the former Renabie gold mine.
This news release may include certain "forward-looking
statements". All statements other than statements of historical
fact, included in this release, including, without limitation,
statements regarding potential mineralization, resources and
reserves, exploration results, and future plans and objectives of
Conquest, are forward-looking statements that involve various risks
and uncertainties. There can be no assurance that such statements
will prove to be accurate and actual results and future events
could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ
materially from Conquest's expectations are exploration risks
detailed herein and from time to time in the filings made by
Conquest with securities regulators. 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 the accuracy of this
release.
SOURCE Conquest Resources Limited
