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CALGARY,
AB, Dec. 6, 2023 /CNW/ - Tuktu Resources
Ltd. ("Tuktu" or the "Company") (TSXV:
TUK) announces the expiry of the private placement financings
previously announced in its October 18,
2023 press release (the "Financings") as the
Financings were not completed within the timelines prescribed by
Part 5A of National Instrument 45-106 – Prospectus and
Registration Exemptions ("NI 45-106") and the policies
of the TSX Venture Exchange (the "TSXV").
The Company continues to diligently pursue alternatives to fund
the interim purchase price of the previously announced acquisition
of certain properties located in southern Alberta and, subject to obtaining acceptable
financing (which financing may include the issuance of equity
(including an offering of equity pursuant to Part 5A of NI 45-106),
debt or other convertible debt instruments), intends to complete
the acquisition on substantially the terms previously
announced.
About Tuktu Resources
Ltd.
Tuktu is an Alberta corporation
whose common shares are currently listed on the TSXV under the
trading symbol "TUK". For additional information about Tuktu please
contact:
Tuktu Resources Ltd.
501, 888 – 4th Avenue S.W.
Calgary, Alberta T2P 0V2
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 news
release.
FORWARD-LOOKING INFORMATION ADVISORIES
Certain information contained in the press release may
constitute forward-looking statements and information
(collectively, "forward-looking statements") within the meaning of
applicable securities legislation that involve known and unknown
risks, assumptions, uncertainties and other factors.
Forward-looking statements may be identified by words like
"anticipates", "estimates", "expects", "indicates", "intends",
"may", "could" "should", "would", "plans", "target", "scheduled",
"projects", "outlook", "proposed", "potential", "will", "seek" and
similar expressions. Forward-looking statements in this press
release include statements regarding, among other things:
that the Company will continue to pursue alternative
financing sources; the type of financing that the Company may
pursue; that the Company intends to complete the acquisition; and
other similar statements. Such statements reflect the current views
of management of the Company with respect to future events and are
subject to certain risks, uncertainties and assumptions that could
cause results to differ materially from those expressed in the
forward-looking statements. With respect to forward-looking
statements contained in this press release, the Company has made
assumptions regarding, among other things: that the Company will be
able to obtain funding on commercially reasonable terms, that the
Company will be able to successfully complete the acquisition on
substantially the terms contemplated. Factors that could cause
actual results to vary from forward-looking statements or may
affect the operations, performance, development and results of the
Company's businesses include, among other things: the risk that
Company may not be able to obtain funding on commercially
reasonable terms and within the time frame required to complete the
acquisition; the risk that the Company will not complete the
acquisition and obtain the benefits of the acquisition on
substantially the terms contemplated; and risks associated with the
costs of completing the acquisition; and such other similar risks
and uncertainties. The impact of any one assumption, risk,
uncertainty or other factor on a forward-looking statement cannot
be determined with certainty, as these are interdependent and the
Company's future course of action depends on the assessment of all
information available at the relevant time.
The forward-looking statements contained in this press release
are made as of the date hereof and the parties do not undertake any
obligation to update or revise any forward-looking statements or
information, whether as a result of new information, future events
or otherwise, unless so required by applicable securities laws.
SOURCE Tuktu Resources Ltd.