Magnum has received a 2-year Multi-Year Area Based (MYAB) work permit for its LH Property, issued by the
Subject to regulatory approval, the Company intends to proceed with a non-flow through non-brokered private placement to raise up to
The Company intends to use the proceeds from this private placement for further exploration on its 'LH Property' and for general working capital purposes.
The LH Property is a gold exploration property consisting of 19 contiguous crown granted claims and 7 mineral claims, located approximately 7 km south of
For further information, visit the Company's website at www.magnumgoldcorp.com.
Contact:
Chief Executive Officer
Phone: 604.922.2030
Fax: 604.922.2037
Neither the
This news release includes certain statements that may be deemed 'forward-looking statements' within the meaning of applicable securities legislation. All statements, other than statements of historical facts, that address such matters, including obtaining a work permit and exploration of the LH Property and the intended use of the proceeds of the private placement, are forward-looking statements and, as such, are subject to risks, uncertainties and other factors which are beyond he reasonable control of the Company. Such statements are not guarantees of future performance and actual results or developments may differ materially from those expressed in, or implied by, this forward-looking information. Any forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and subject to change after that date and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in
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