Antler Hill Announces Intent to Terminate Qualifying Transaction
September 24 2019 - 7:00PM
Antler Hill Mining Ltd (TSXV: AHM.H) (the
“
Corporation” or “
Antler Hill”),
a capital pool company under policy 2.4 of the TSX Venture
Exchange (the “
TSXV”), announces it has provided
notice to Entropy Resources S.A. to terminate its proposed
transaction (the “
Transaction”) to acquire the
Cerro Blanco and Amiches projects located in San Juan Province,
Argentina, effective October 3, 2019. The Transaction was intended
to constitute the Corporation’s Qualifying Transaction (as such
term is defined by the TSXV).
After termination of the Transaction the
Corporation will evaluate other acquisition opportunities with a
view to completing a Qualifying Transaction.
About Antler Hill Mining
Ltd.
Antler Hill was incorporated under the Business
Corporations Act (Alberta) on September 11, 2009 under the name
“PrimeWest Exploration Inc.”. On March 4, 2013, Antler Hill amended
its articles to change its name to “Antler Hill Oil & Gas
Ltd.” Antler Hill is a CPC as defined by TSXV Policy 2.4 –
Capital Pool Companies. Antler Hill completed its Initial Public
Offering on April 20, 2010 and its common shares became listed and
posted for trading on the Exchange on April 20, 2010. On August 31,
2012, Antler Hill was transferred to the NEX board of the TSXV.
The principal business of Antler Hill is to
identify and evaluate businesses and assets with a view to
completing a Qualifying Transaction, and, once identified and
evaluated, to negotiate an acquisition or participation in such
assets or businesses. Until the completion of its Qualifying
Transaction, Antler Hill will not carry on business other than the
identification and evaluation of assets or businesses in connection
with a potential Qualifying Transaction.
For further information, please contact:ANTLER
HILL MINING LTD.Peter Bures, CEO and DirectorPhone:
437-997-8088Web: www.antlerhillmining.com
Forward-Looking Statements
Certain statements contained in this news
release constitute "forward-looking information" as such term is
defined in applicable Canadian securities legislation. The words
"may", "would", "could", "should", "potential", "will", "seek",
"intend", "plan", "anticipate", "believe", "estimate", "expect" and
similar expressions as they relate to the Corporation, including
the Corporation’s goal of completing a Qualifying
Transaction, are intended to identify forward-looking
information. All statements other than statements of historical
fact may be forward-looking information. Such statements reflect
the Corporation's current views and intentions with respect to
future events, and current information available to the
Corporation, and are subject to certain risks, uncertainties and
assumptions. Material factors or assumptions were applied in
providing forward-looking information. Many factors could cause the
actual results, performance or achievements that may be expressed
or implied by such forward-looking information to vary from those
described herein should one or more of these risks or uncertainties
materialize. These factors include, without limitation: receipt of
applicable director, shareholder and regulatory approval of
a Qualifying Transaction; changes in law; the ability to
implement business strategies and pursue business opportunities;
state of the capital markets; the availability of funds and
resources to pursue operations; as well as general economic, market
and business conditions, as well as those risk factors discussed or
referred to in disclosure documents filed by the Corporation with
the securities regulatory authorities in certain provinces of
Canada and available at www.sedar.com.
Should any factor affect the Corporation in an
unexpected manner, or should assumptions underlying the forward
looking information prove incorrect, the actual results or events
may differ materially from the results or events predicted. Any
such forward-looking information is expressly qualified in its
entirety by this cautionary statement. Moreover, the Corporation
does not assume responsibility for the accuracy or completeness of
such forward-looking information. The forward-looking information
included in this news release is made as of the date of this news
release and the Corporation undertakes no obligation to publicly
update or revise any forward-looking information, other than as
required by applicable law.
NEITHER TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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