The Company has no further obligations related to the Muckahi Mining System, but retains a royalty (the “Royalty”) entitling the Company to receive ten percent of the gross revenue generated by any party from the use of the Muckahi Mining System, until such time as the Company has received
In connection with the transfer and the resignation of
Forward-Looking Statements
This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive regulatory approvals; the ability to attract financing on these terms or at all; the price of commodities; and the results of current exploration. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Neither the
For further information, please contact:
Chief Financial Officer
info@rhyoliteresources.com
647 982-5890
Source:
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