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King's Bay Gold Corporation announces termination of Devil Lake Option Agreement
Jan. 31, 2011 (TheNewswire.ca) -- King's Bay Gold Corporation (TSX.V: KBG) is announcing tha...
About this update from Lion Rock Resources Inc
[{"type":"text","content":"\nKing's Bay Gold Corporation announces termination of Devil Lake Option Agreement\n\n\n Jan. 31, 2011 (TheNewswire.ca) -- King's Bay Gold Corporation (TSX.V: KBG) is announcing that the option to acquire a 50% interest in the Devil Lake project located in the La Ronge Area, Saskatchewan from New Moon Minerals Corporation, previously announced on May 28, 2010, has been terminated. The 300,000 Class \"A\" common shares and $50,000 in earn-in expenditures paid by King's Bay pursuant to the option agreement has been returned by New Moon in consideration of the mutual releases provided between the parties.About King's Bay Gold Corporation (TSXV:KBG) King's Bay Gold Corporation is a very active Canadian mineral exploration and development company with mineral projects located in two of Canada's main gold camps - the Red Lake, ON and Rainy River, ON gold camps.KBG Shares Outstanding: 84,986,902King's Bay Gold CorporationJohn ArchibaldPresident & [email protected] news release includes certain forward-looking statements concerning the future performance of King's Bay Gold Corporation's business, its operations and its financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements are frequently identified by such words as \"may\", \"plan\", \"expect\", \"anticipate\", \"estimate\", \"intend\" and similar words referring to future events and results. These forward-looking statements represent management's best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing and as described in more detail in the Company's recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking statements and readers are caution...