Allante Posts Filing Statement on SEDAR and Advances its Qualifying Transaction
March 28 2014 - 6:33PM
Marketwired
Allante Posts Filing Statement on SEDAR and Advances its Qualifying
Transaction
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 28, 2014) -
Allante Resources Ltd. (TSX-VENTURE:ALL.H) (the "Company"), a
Vancouver-based Capital Pool Company listed on the TSX Venture
Exchange (the "Exchange") is pleased to announce that it has posted
a Filing Statement dated March 28, 2014 on SEDAR (www.sedar.com)
disclosing the details of its Qualifying Transaction ("QT")
pursuant to which it will acquire mineral exploration company
Allante Resources Inc. ("ARI"), and the concurrent brokered private
placement financing (the "Financing").
The QT is scheduled to close on or about April 18, 2014 and
remains subject to conditions including final Exchange acceptance
and completion of the Financing, as described in the Filing
Statement.
The Company also announces that it has completed its previously
announced secured loan to ARI of $50,000, and that ARI and the
Company have agreed to extend to May 30, 2014 the date by which the
QT must be completed.
ON BEHALF OF THE
BOARD
Joe DeVries, President and CEO
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 OR
ACCURACY OF THIS RELEASE.
Certain statements included herein with respect to the QT and
the Financing are "forward-looking statements". Management cautions
that forward-looking statements are not guarantees and that actual
results could differ materially from those expressed or implied in
the forward-looking statements. Factors beyond the control of the
Company could cause the actual results of operations, or the
financial condition of the Company, to differ, including changes to
financial and market conditions. Other risk factors are disclosed
in the Filing Statement. The Company assumes no obligation to
update forward-looking statements, other than as may be required by
applicable law.
Allante Resources Ltd.Joe DeVriesPresident and CEO(604)
336-8616(604) 718-2808
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