TORONTO, June 20, 2018 (GLOBE NEWSWIRE) – God’s Lake Resources Inc. (on company) (CSE: GLR) is pleased to announce that the Company intends to effect a “change of company”, as that term is defined in policy 8 (Politics 8) the policies of the Canadian Securities Exchange (the CST), from a mining company in the exploration phase to an investment company (the Company change).
In accordance with Policy 8, the proposed change of activity will be subject to the approval of the shareholders of the Company, which approval will be sought at a special meeting of the shareholders of the Company (the Special meeting) to be held at a later date. Further details regarding the proposed change in business will be included in the information circular that will be delivered to shareholders at the special meeting.
The Company has requested a stop of operations in accordance with section 1.5 of policy 8. The stop of operations should continue until the documentation required under sections 1.6 and 1.7 of policy 8 has been accepted. and published.
For more information, please contact:
Edward Merchand, Chief Financial Officer
Caution regarding forward-looking information
This press release contains forward-looking information which does not consist of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information contained or referred to in this press release includes, but is not limited to, the completion and expected timing of the proposed business change and the holding and timing of the extraordinary meeting.
Factors that could cause actual results to differ materially from those described in this forward-looking information include, without limitation, risks relating to the Company’s inability to meet the registration requirements of the CSE, the inability of the Company to raise the necessary funds to proceed with the proposed change of business and the inability of the Company to obtain the approval of its shareholders with respect to the proposed change of business and any matter incidental to the proposed change of activity.
The forward-looking information contained in this press release reflects the Company’s current expectations, assumptions and / or beliefs based on information currently available to the Company. As part of the forward-looking information contained in this press release, the Company has made assumptions on: the proposed change in activity, the economy and the investment industry in general, the Company’s ability to obtain funds necessary to meet the capital requirements of the proposed business change and CSE registration requirements, the company’s ability to meet other CSE registration requirements, the company’s ability to implement the change proposed activity and the Company’s ability to obtain shareholder approval for the Change of Activity project and any matter incidental to the proposed change of activity. Although the Company believes that the assumptions inherent in forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and, therefore, one should not place undue reliance on such information due to the uncertainty inherent in such information. -this.
Any forward-looking information is only valid as of the date on which it is made and, except as required by applicable securities laws, the Company disclaims any intention or obligation to update any forward-looking information, whether as a result of new information, events or future or other results.
Neither the CSE nor its market regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.