Prosper Gold Provides Update on Option Agreement to Acquire the Kaza and Northstar Properties
May 20 2024 - 7:00AM
Prosper Gold Corp. (“
Prosper Gold” or the
“
Company”) (TSXV:PGX) is pleased to report on the
status of its option to acquire a 100% interest in the Kaza and
Northstar properties (the “
Option”), pursuant to a
definitive option agreement (the “
Option
Agreement”) with several individuals (collectively, the
“
Optionors”), as previously announced on February
20, 2024 (the “
Initial Press Release”). The
Company received conditional approval of the transaction
contemplated by the Option Agreement (the
“
Transaction”) from the TSX Venture Exchange (the
“
TSXV”) on March 8, 2024, which requires the
Company to provide an update on the status of the Transaction 90
days following the Initial Press Release.
The Company continues to work towards satisfying
the remaining conditions to exercise the Option, which remains
subject to the final approval of the TSXV, as detailed in the
Initial Press Release.
For an overview of Prosper Gold please
visit www.ProsperGoldCorp.com.
ON BEHALF OF THE BOARD OF
DIRECTORS
Per: “Peter Bernier”
Peter BernierPresident
& CEO
For further information, please contact:
Peter BernierPresident & CEOProsper Gold
Corp.Cell: (250) 316-6644Email: Pete@ProsperGoldCorp.com
Information set forth in this news release may
involve forward-looking statements under applicable securities
laws. Forward-looking statements are statements that relate to
future, not past, events. In this context, forward-looking
statements often address expected future business and financial
performance, and often contain words such as "anticipate",
"believe", "plan", "estimate", "expect", and "intend", statements
that an action or event "may", "might", "could", "should", or
"will" be taken or occur, or other similar expressions. All
statements, other than statements of historical fact, included
herein including, without limitation; statements about the issuance
of the Option Shares and receipt of final TSXV approval are
forward-looking statements. By their nature, forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause our actual results, performance or
achievements, or other future events, to be materially different
from any future results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include,
among others, the following risks: the need for additional
financing; operational risks associated with mineral exploration;
fluctuations in commodity prices; title matters; environmental
liability claims and insurance; reliance on key personnel; the
potential for conflicts of interest among certain officers,
directors or promoters with certain other projects; the absence of
dividends; competition; dilution; the volatility of our common
share price and volume and the additional risks identified the
management discussion and analysis section of our interim and most
recent annual financial statement or other reports and filings with
the TSXV and applicable Canadian securities regulations.
Forward-looking statements are made based on management's beliefs,
estimates and opinions on the date that statements are made and the
Company undertakes no obligation to update forward-looking
statements if these beliefs, estimates and opinions or other
circumstances should change, except as required by applicable
securities laws. Investors are cautioned against attributing undue
certainty to forward-looking statements.
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.
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