VANCOUVER, BC, Feb. 4, 2021 /CNW/ - ESV Resources
Ltd. (the "Company") (TSXV: ESV.H), announces that the Company
and Qvartz Capital Partners Inc. ("Qvartz") have agreed to cancel
the Letter of Intent dated November 12,
2020 between the Company, Qvartz and the Corporación de
Recursos Iberia SL ("CRI") as CRI failed to comply with certain
conditions precedent required for the closing of the transaction
described therein, including satisfactory evidence of its ownership
of the Lomero-Poyatos Concessions (the "Project") by CRI.
The Company and Qvartz continue to see value in and remain
interested in acquiring the Project. Accordingly, they continue to
explore alternative avenues to acquire an interest in the Project,
provided that the currently outstanding title issues are resolved
or settled among all the interested parties.
On Behalf of the Board of Directors,
ESV RESOURCES LTD.
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 release.
Statements included in this announcement, including
statements concerning our plans, intentions and expectations, which
are not historical in nature are intended to be, and are hereby
identified as, "forward–looking statements".
Forward–looking statements may be identified by words
including "anticipates", "believes", "intends", "estimates",
"expects" and similar expressions. The Company cautions readers
that forward–looking statements, including without
limitation those relating to the Company's future operations and
business prospects, are subject to certain risks and uncertainties
that could cause actual results to differ materially from those
indicated in the forward–looking statements.
SOURCE ESV Resources Ltd.
