VANCOUVER, Nov. 10, 2016 /CNW/ - Heatherdale Resources
Ltd. ("Heatherdale" or the "Company") (TSXV: HTR) announces that it
has issued shares as part of the payment obligations of a
convertible debenture with Sino Canada Natural Resources Fund
I. A total of 301,639 shares have been issued in payment of
interest payments for the period August 1,
2016 to October 31, 2016 as
per the amended agreement, announced in the Company's December 24, 2014 news release.
The Company also announces that it has closed the Loan financing
announced on August 26, 2016.
About Heatherdale
Heatherdale Resources Ltd. is focused on advancing its mine
development opportunity at the Niblack Project in southeastern
Alaska.
On behalf of the Board of Directors
Mark Peters
Chief Financial Officer
Neither the 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.
This release includes certain statements that may be deemed
"forward-looking statements". Forward looking statements include
statements with respect to the Loan, grants of security and
issuance of securities contemplated by this release and the
likelihood that such transaction will complete, and the Company's
ability to repay the Loan or any of its debts or liabilities that
are now or hereafter become due for payment. All statements in
this release, other than statements of historical facts, that
address exploration drilling, exploitation activities and events or
developments that the company expects are forward-looking
statements. Although the Company believes the expectations
expressed in forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future
performance and actual results or developments may differ
materially from those in the forward-looking statements.
There is no certainty that the Company will be able to repay the
Loans or any other outstanding debt or liability of the Company in
a timely manner or at all. Assumptions used by the Company to
develop forward-looking statements include the following: the
Niblack project will obtain all required environmental and other
permits and all land use and other licenses, studies and
exploration of the Niblack project will continue to be positive,
and no geological or technical problems will occur. Factors
that could cause actual results to differ materially from those in
forward-looking statements include market prices, potential
environmental issues or liabilities associated with exploration,
development and mining activities, exploitation and exploration
successes, continuity of mineralization, uncertainties related to
the ability to obtain necessary permits, licenses and title and
delays due to third party opposition, changes in government
policies regarding mining and natural resource exploration and
exploitation, and continued availability of capital and financing,
and general economic, market or business conditions. Investors are
cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ
materially from those projected in the forward-looking
statements. For more information on the Company, investors
should review the Company's continuous disclosure filings that are
available at www.sedar.com.
SOURCE Heatherdale Resources Ltd.