Business
Guardian Exploration Announces Termination of Proposed Acquisition of Saudi Arabian Mining Company
(TheNewswire) Calgary, Alberta – TheNewswire - April 9, 2024 - Guard...
About this update from Guardian Exploration Inc.
[{"type":"text","content":"Guardian Exploration Announces Termination of Proposed Acquisition of Saudi Arabian Mining Company\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n Calgary, Alberta\n \n \n –\n \n \n TheNewswire -\n \n \n April 9, 2024 -\n \n \n Guardian Exploration\nInc. (TSXV:GX) (OTC:GXUSF) (Frankfurt:R6B)\n \n \n (“\n \n \n Guardian\n \n \n ”) announces that the non-binding\nletter of intent with Site Exploration Mining Company (“\n \n \n SEMC\n \n \n ”) and its\nshareholders originally announced on December 5, 2023 has terminated.\n During the due diligence process, it was discovered that SEMC was in\ndefault of its corporate filings and payment of annual fees, and the\nletter of intent was not extended.\n \n \n \n \n About Guardian Exploration\nInc.\n \n \n \n \n Guardian is a TSXV listed company (TSXV: GX) (OTCQB:\nGXUSF) (Frankfurt: R6B) in the business of oil and gas as well as\nmineral exploration and development.  Guardian’s first prospect is\nthe Mount Cameron Property located in the Yukon’s Mayo Mining\nDistrict.  Guardian also holds mineral claims located on southern\nDall Island, Southeast Alaska, USA, known as the Kaigani claims, which\nit acquired in February 2022.\n \n \n \n \n FOR FURTHER INFORMATION, PLEASE\nCONTACT:\n \n \n \n \n Graydon Kowal\n \n \n \n \n President and CEO\n \n \n \n \n (403) 730-6333\n \n \n \n \n Neither the TSX\nVenture Exchange nor its Regulation Services Provider (as that term is\ndefined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n \n \n \n \n CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING\nINFORMATION: This news release includes certain “forward-looking\nstatements” under applicable Canadian securities legislation.\n Forward-looking statements include, but are not limited to,\nstatements with respect to the possible approval of the TSX Venture\nExchange for the transaction, the completion of financing, the\napproval or rejection of licenses and prospects and the payment of\nContingent Consideration.  Forward-looking statements are necessarily\nbased upon a number of estimates and assumptions that, while\nconsidered reasonable, are subject to known and unknown risks,\nuncertainties, and other factors which may cause the actual results\nand f...