Razore Rock Announces Further Extension of Oxford Lake Gold Property Option Agreement
April 16, 2014 (Source: Marketwired) — Razore Rock Resources Inc. (“Razore Rock” or the “Company“) (CSE:RZR) is pleased to announce that, further to its Press Release of March 28, 2014, Alto Ventures Ltd. (“Alto Ventures“) has agreed to a further extension to May 15, 2014 for Razore Rock to notify Alto Ventures of its commitment to spend a minimum of $60,000 (the “Minimum Expenditure“) on the Oxford Lake Gold Property by June 1, 2014. As a consideration for the further extension, Razore Rock will issue to Alto Ventures an additional 100,000 common shares.
About Razore Rock Resources Inc.
Razore Rock Resources Inc. is a mineral exploration company focused on the acquisition, exploration and development of mineral resources, primarily gold, in Manitoba. Razore Rock holds an option to earn up to a 60% working interest in the 35,300 ha Oxford Lake Gold Property in central Manitoba, which hosts an historic gold deposit, as well as a 100% interest in five mining claim blocks (the Duff Claims Property) in the Flin Flon District, Manitoba.
Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this Press Release, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. The reader is cautioned not to put undue reliance on such forward-looking statements.
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