Business
EGR Exploration Cancels Private Placement
(TheNewswire) Vancouver, BC – TheNewswire - December 31, 2024 – E...
About this update from Egr Exploration Ltd
[{"type":"text","content":"EGR Exploration Cancels Private Placement\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, BC –\n \n\n TheNewswire -\n \n\n December 31, 2024\n \n –\n \n EGR Exploration Ltd.\n \n\n (TSX-V:EGR)\n \n (\"\n \n EGR\n \n \" or the \"\n \n Company\n \n \") announces further to\nthe Company's news release dated November 19, 2024, it will not be\nproceeding with the non-brokered private placement offering as\npreviously announced. EGR will continue to work on alternative funding\nfor a winter drilling program at the Detour West Gold Project but it\nis subject to market conditions improving.\n \n\n\n About EGR Exploration Ltd.\n \n\n\n\n EGR Exploration Ltd. is exploring for gold in the\nDetour-Fenelon Gold Trend, approximately 300 kilometres north of\nTimmins, Ontario. EGR's 34,681 hectare Detour West gold project is\ncontiguous to Agnico Eagle's property which contains the Detour Lake\nGold Mine and is approximately 20 kilometres from the mine, which is\nalso hosted in the Abitibi Greenstone Belt.\n \n\n\n\n For further information\ncontact:\n \n\n\n Daniel Rodriguez\n \n CEO & Director\n \n Phone: (604) 353-4080\n \n Email:\n \n [email protected]\n \n\n\n Forward\n \n ‐\n \n Looking Statement (Safe Harbor\nStatement): This press release contains forward-looking statements\nwithin the meaning of applicable securities laws. The use of any of\nthe words \"anticipate\", \"plan\",\n\"continue\", \"expect\", \"estimate\",\n\"objective\", \"may\", \"will\",\n\"project\", \"should\", \"predict\",\n\"potential\" and similar expressions are intended to identify\nforward-looking statements. In particular, this press release contains\nforward-looking statements concerning the Company's exploration plans.\nAlthough the Company believes that the expectations and assumptions on\nwhich the forward-looking statements are based are reasonable, undue\nreliance should not be placed on the forward-looking statements\nbecause the Company cannot give any assurance that they will prove\ncorrect. Since forward-looking statements address future events and\nconditions, they involve inherent assumptions, risks and\nuncertainties. Actual results could differ materially from those\ncurrently anticipated due to a number of assumptions, factors and\nrisks. These assumptions and risks include, but are not li...