VANCOUVER, BC,
July 31, 2020 /CNW/ - Virginia Energy
Resources Inc. (TSXV: VUI) ("Virginia Energy" or the
"Company") announces that unfortunately yesterday the
Circuit Court of Wise County,
Virginia issued a ruling against Virginia Energy's
subsidiary, Virginia Uranium Inc. in its takings claim against the
Commonwealth of Virginia. We are
deeply disappointed with the Court's ruling. We are studying
the opinion and considering all available options.
On Behalf of the Board of Directors
of
VIRGINIA ENERGY RESOURCES
INC.
Walter Coles,
Sr.
President & CEO
Cautionary Note Regarding Forward-Looking
Statements
Certain of the statements in this press release constitute
"forward-looking statements" within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and
"forward-looking information" within the meaning of applicable
Canadian securities laws. Forward-looking information includes, but
is not limited to, statements relating to filing of a lawsuit in
federal court against the Commonwealth of Virginia. Forward-looking statements and
information generally express predictions, expectations, beliefs,
plans, projections, or assumptions of future events or performance,
do not constitute historical fact and are subject to a variety of
risks and uncertainties which could cause actual events or results
to differ materially from those reflected in such statements.
Forward-looking statements and information contained in this
release are based on the beliefs, estimates, and opinions of
management on the date the statements are made. There can be no
assurance that such statements or information will prove accurate.
Actual results may differ materially from those anticipated or
projected.
Neither 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
SOURCE Virginia Energy Resources Inc.