Edgewater Exploration Terminates Option to Acquire Troon's Troy Property
October 08 2010 - 4:05PM
Marketwired
Troon Ventures Ltd. (TSX VENTURE: TVN) (the "Company" or "Troon")
has been notified by Edgewater Exploration Ltd. ("Edgewater") that
it is terminating the Option Agreement to acquire the Company's
Troy Property, located 65 km southwest of Chapleau, Ontario.
About Troon Ventures Ltd.
Troon is a well funded exploration and development company
intent on establishing growth through an aggressive acquisition
business model. The Company possesses an experienced group of
directors with a proven track record of creating shareholder value
by successfully completing numerous mergers and acquisitions,
raising over $2 billion in capital and bringing several projects to
production. Troon is currently focused on acquiring mineral
properties with established resources and exploration upside that
will create significant shareholder value.
ON BEHALF OF THE BOARD,
TROON VENTURES LTD.
D. Bruce McLeod, President
Forward-Looking Statements
This document may contain "forward-looking statements" within
the meaning of Canadian securities legislation and the United
States Private Securities Litigation Reform Act of 1995. These
forward-looking statements are made as of the date of this document
and Troon does not intend, and does not assume any obligation, to
update these forward-looking statements.
Forward-looking statements relate to future events or future
performance and reflect Troon management's expectations or beliefs
regarding future events and include, but are not limited to,
statements with respect completion of the private placement and
related matters. In certain cases, forward-looking statements can
be identified by the use of words such as "plans", "expects" or
"does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not
anticipate", or "believes", or variations of such words and phrases
or statements that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be
achieved" or the negative of these terms or comparable terminology.
By their very nature forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of Troon to be
materially different from any future results, performance or
achievements expressed or implied by the forward-looking
statements. Such factors include, among others, risks related to
actual results of current exploration activities; changes in
project parameters as plans continue to be refined; future prices
of resources; possible variations in ore reserves, grade or
recovery rates; accidents, labour disputes and other risks of the
mining industry; delays in obtaining governmental approvals or
financing or in the completion of development or construction
activities; as well as those factors detailed from time to time in
Troon's interim and annual financial statements and management's
discussion and analysis of those statements, all of which are filed
and available for review on SEDAR at www.sedar.com. Although Troon
has attempted to identify important factors that could cause actual
actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors
that cause actions, events or results not to be as anticipated,
estimated or intended. There can be no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements.
Accordingly, readers should not place undue reliance on forward
looking statements.
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.
Contacts: Troon Ventures Ltd. Bruce McLeod 1-604-687-7545 or
Toll Free 1-888-338-2200 Troon Ventures Ltd. Chris Curran
1-604-687-7545 or Toll Free 1-888-338-2200 604-689-5041 (FAX)
info@northair.com www.northair.com/troon/
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