October 28, 2011
MetalCorp Receives TSXV Approval And Issues Shares Re Option Agreement With Sage Gold Inc.
THUNDER BAY, ONTARIO, CANADA (October 28, 2011) - MetalCorp Limited ("MetalCorp") (TSXV – MTC) is pleased to announce that the TSX Venture Exchange has approved its option agreement to acquire a 70% interest in the Solomon Pillars property from Sage Gold Inc. Accordingly, the first tranche of 643,678 common shares will be issued to Sage Gold Inc. in accordance with the terms of the Option Agreement (see Joint News Release issued October 19, 2011).
MetalCorp is a mineral exploration company based in Thunder Bay, Ontario, with gold and base metal projects in the Canadian Shield of Northern Ontario, Canada, one of the most prolific mineral districts in the world. To find out more about MetalCorp visit its website at www.metalcorp.ca.
For further information, please contact:
Chris Dougherty, P.Eng., President
Phone: (807) 683-1731
Except for statements of historical fact contained herein, information in this press release may constitute "forward-looking information" within the meaning of Canadian securities laws. Other than statements of historical fact, all statements that involve various known and unknown risks, uncertainties and other factors are "forward-looking statements". There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this news release are cautioned not to place undue reliance on these "forward-looking statements". Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intention or obligation to update publicly any forward-looking information, whether as a result of new information, future events or otherwise. Historical data mentioned in this press release have not been verified. A qualified person has not done sufficient work on the historical resource estimates to classify them as current resources; MetalCorp is not treating the historical resource estimates as current resources and the historical estimate should not be relied upon.
Neither 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, accuracy or contents of this news release.
© 2015 MetalCorp Inc.