NATCHEZ, Miss., Nov. 9, 2020 /CNW/ -- KFG Resources Ltd.
("KFG") wishes to announce that, further to the press
release issued by Cadillac Ventures Inc. ("Cadillac") on
November 4, 2020, KFG has entered
into a non-binding letter of intent with Cadillac to pursue an
amalgamation or similar transaction involving the combination of
the two companies.
The specific terms of the transaction have not yet been settled.
KFG will advise the market if and when a definitive agreement with
Cadillac has been entered into.
Cautionary statement regarding
This news release contains 'forward-looking statements'
within the meaning of applicable securities laws. Forward-looking
statements are statements that are not historical facts and are
generally, but not always, identified by words such as the
following: expects, plans, anticipates, believes, intends,
estimates, projects, assumes, potential and similar expressions.
Forward-looking statements also include reference to events or
conditions that will, would, may, could or should occur, including,
without limitation, statements related to a potential transaction
involving KFG and Cadillac. These forward-looking statements are
necessarily based upon a number of estimates and assumptions that,
while based on management's expectations and considered reasonable
at the time they are made, are inherently subject to a variety of
risks and uncertainties which could cause actual events or results
to differ materially from those reflected in the forward-looking
statements, including those described in the Company's public
disclosure documents on SEDAR at www.sedar.com. As a result,
readers are cautioned not to place undue reliance on these
forward-looking statements. The forward-looking statements
contained in this news release are made as of the date of this
release. Unless required by law, KFG has no intention to and
assumes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
SOURCE KFG Resources Ltd.