VANCOUVER, BC and TORONTO, Feb. 21,
2024 /CNW/ - Gold Line Resources
Ltd. ("Gold Line") (TSXV: GLDL) is
pleased to announce that on Tuesday,
February 20, 2024, the Supreme Court of British Columbia granted a final order in
respect of the proposed arrangement ("Arrangement") with
Barsele Minerals Corp. under the provisions of the Business
Corporations Act (British
Columbia).
The Arrangement is expected to be completed on or about
February 23, 2024, subject to the
satisfaction or waiver of certain closing conditions.
For a more detailed description of the Arrangement, please refer
to Gold Line's management information circular dated January 17, 2024, which is available under Gold
Line's profile on SEDAR+ at www.sedarplus.ca.
ON BEHALF OF THE BOARD
"Taj Singh"
Taj Singh, President & CEO and Director
About Gold Line Resources Ltd.
Gold Line is focused on acquiring mineral properties with
exceptional exploration potential in the most prolific
gold-producing regions of Sweden
and Finland, both regarded as
top-tier mining jurisdictions and emerging exploration frontiers.
Both countries possess prospective mineral endowments, stable
tenures, straightforward permitting, favorable tax regimes and
supportive geopolitical landscapes. Gold Line's Swedish projects
are located in the Gold Line Mineral Belt and Skellefteå Belt of
north-central Sweden and the
Mjøsa-Vänern Belt in the southwest. In Finland, Gold Line holds the entire
underexplored Oijärvi Greenstone Belt located in the north of the
country.
Cautionary Note Regarding Forward Looking Information
This press release contains statements which constitute
"forward-looking information" within the meaning of applicable
securities laws, including statements regarding the terms and
conditions of the Arrangement and the timing and ability of Gold
Line to complete the Arrangement. Forward-looking information is
often identified by the words "may", "would", "could", "should",
"will", "intend", "plan", "anticipate", "believe", "estimate",
"expect" or similar expressions.
Investors are cautioned that forward-looking information is not
based on historical facts but instead reflect Gold Line's
respective management's expectations, estimates or projections
concerning future results or events based on the opinions,
assumptions and estimates of management considered reasonable at
the date the statements are made. Although Gold Line believes that
the expectations reflected in such forward-looking information are
reasonable, such information involves risks and uncertainties, and
undue reliance should not be placed on such information, as unknown
or unpredictable factors could have material adverse effects on
future results, performance or achievements of Gold Line. Among the
key factors that could cause actual results to differ materially
from those projected in the forward-looking information are the
following: the ability to obtain necessary approvals in respect of
the Arrangement, the ability to consummate the Arrangement; the
ability to satisfy the conditions to the consummation of the
Arrangement on the proposed terms and schedule; the potential
impact on exploration activities; the potential impact of the
announcement or consummation of the Arrangement on relationships,
including with regulatory bodies, employees, suppliers, customers
and competitors; the re-rating potential following the consummation
of the Arrangement; changes in general economic, business and
political conditions, including changes in the financial markets;
changes in applicable laws; compliance with extensive government
regulation; and the diversion of management time on the
Arrangement. This forward-looking information may be affected by
risks and uncertainties in the business of Gold Line and market
conditions. This information is qualified in its entirety by
cautionary statements and risk factor disclosure contained in
filings made by Gold Line with the Canadian securities regulators,
including Gold Line's financial statements and related management's
discussion and analysis for the financial year ended December 31, 2022 and its interim financial
reports and related management's discussion and analysis for the
period ended September 30, 2023 filed
with the securities regulatory authorities in certain provinces of
Canada and available at
www.sedarplus.ca.
Should one or more of these risks or uncertainties materialize,
or should assumptions underlying the forward-looking information
prove incorrect, actual results may vary materially from those
described herein as intended, planned, anticipated, believed,
estimated or expected. Although Gold Line has attempted to identify
important risks, uncertainties and factors which could cause actual
results to differ materially, there may be others that cause
results not to be as anticipated, estimated or intended, and do not
assume any obligation, to update this forward-looking information
except as otherwise required by applicable law.
Neither the 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 Gold Line Resources Ltd.
