Jun. 29, 2011 (Filing Services Canada) -- Champlain Resources Inc. (CPL - TSX Venture), ("Champlain" or the "Corporation"), due to adverse market conditions, the previously announced financing is immediately canceled. All subscription agreements and funds received will be returned immediately.
For further information contact:
Mr. Troy Mochoruk
Chairman and CEO:
#1614, 246 Stewart Green SW
Calgary, AB T3H 3C8
Tel: (403) 618-8989
[email protected]
Cautionary Statement Regarding Forward Looking Information
This press release may contain forward-looking statements which may include plans, expectations, opinions, forecasts, projections or other statements that are not statements of fact, in particular comments relating to actively exploring the Laird Lake area and moving the Laird Lake program to a drill ready stage during 2011. Although the Corporation believes that the expectations reflected in such forward-looking statements are reasonable, it cannot give any assurance that such expectations will prove to be correct.
Achieving the expected timelines and expectations, may be affected by a variety of variables and risks associated with the capital markets and the mining and mineral processing industry, the ability of the Corporation to obtain sufficient financing to complete the program, as well as risks and variables associated in general with the Corporation's industry. As such the future plans and objectives of the Corporation are forward-looking statements that involve risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in such statements. The Corporation has, in part, relied on information provided in the report prepared by ALS in order to develop its forward-looking statements and there is no assurance that the assumptions, forecasts or information relied upon by the Corporation is correct, or will not be affected by events or circumstances beyond the control of the Corporation. The Corporation's forward-looking statements are expressly qualified in their entirety by this cautionary statement. Unless otherwise required by applicable securities laws, the Corporation does not intend nor does it undertake any obligation to update or review any forward-looking statements to reflect subsequent information, events, results or circumstances or otherwise.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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www.usetdas.com/PR/champlainresources29062011.htm
Source: Champlain Resources Inc. (CPL - TSX-V)
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