HALIFAX, Aug. 27, 2019 /CNW/ - Antler Gold Inc.
("Antler") (TSXV: ANTL) is pleased to announce that it has
entered into a definitive agreement to sell its Cape Ray licenses ("Cape Ray
Licenses") in Newfoundland to Cape Ray Mining Limited, a
wholly-owned indirect subsidiary of Matador Mining Limited.
In order to acquire a 100% interest in the Cape Ray Licenses
(which total 191 claims), Matador must make a cash payment of
$50,000 to Antler and issue Antler
$15,000 worth of Matador common
shares. The number of Matador common shares to be issued to
Antler is to be determined based on the 15-day volume weighted
average price per share immediately prior to the closing date,
which is anticipated to be on or before September 15, 2019.
Completion of the acquisition of the Cape Ray Licenses is
subject to conditions that are customary for such a transaction,
including finalization of due diligence, securing all required
opinions and approvals and transfer of the Cape Ray Licenses.
Cautionary Statements
This press release may contain
forward-looking information, such as statements regarding the
completion of the transaction and future plans and objectives of
Antler. This information is based on current expectations and
assumptions (including assumptions in connection with the
continuance of the applicable company as a going concern and
general economic and market conditions) that are subject to
significant risks and uncertainties that are difficult to predict,
including risks relating to the ability to satisfy the conditions
to completion of the transaction. Actual results may differ
materially from results suggested in any forward-looking
information. Antler assumes no obligation to update forward-looking
information in this release, or to update the reasons why actual
results could differ from those reflected in the forward-looking
information unless and until required by applicable securities
laws. Additional information identifying risks and uncertainties is
contained in filings made by Antler with Canadian securities
regulators, copies of which are available at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Antler Gold Inc.