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Cogitore Resources Announces Closing of Debt Financing
Published : May 02, 2013
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Keywords :   Abitibi | Metals X | None | Strategic |

TORONTO, ONTARIO--(Marketwired - May 1, 2013) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Cogitore Resources Inc. ("Cogitore") (News - Market indicators) announces that it has borrowed $800,000 from Dundee Corporation pursuant to a promissory note which matures on May 1, 2014.

Dundee Corporation owns or controls more than 10% of the voting securities of Cogitore thereby making the financing a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-101").

The financing was exempt from the formal valuation approval requirements of MI 61-101 as none of the securities of Cogitore are listed on a prescribed stock exchange. The financing was exempt from the minority shareholder approval requirements of MI 61-101 as the fair market value of the financing is less than $2,500,000.

The proceeds of the Offering will be used to fund Cogitore's ongoing exploration program and working capital. Cogitore has developed a strategic focus on base metal exploration in prospective areas that also feature infrastructure favourable for mining development. Accordingly, it will focus its work in the Abitibi Belt of Quebec and Ontario.

Work is carried out by the personnel of Cogitore, under the supervision of Gérald Riverin, PhD, P.Geo. Mr. Riverin is a qualified person (as defined by National Instrument 43-101) and has more than 30 years of experience in exploration.

Forward Looking Statements

Certain statements contained in this news release may constitute forward-looking information within the meaning of securities laws. Forward-looking information may relate to our future outlook and anticipated events or results. In particular, statements relating to Cogitore's plans in the Abitibi Belt of Quebec and Ontario, and in the Central Belt of Newfoundland, which involve known and unknown risks, uncertainties and other important factors which may cause the actual results, performance or achievements of Cogitore to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. In some cases, forward-looking information can be identified by terms such as "may", "will" or other similar expressions concerning matters that are not historical facts. These statements are based on Cogitore's current expectations and assumptions regarding expected developments. While we consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect.

Actual results may differ materially as a result of risks, uncertainties and other factors, such as changes in the general economic, regulatory, industry, market and business conditions; fluctuations in prices of precious and base metals and currency exchange rates; the possibility that future exploration results will not be consistent with Cogitore's expectations; unanticipated costs and expenses; timing and availability of external financing on acceptable terms; dependence on key personnel; failure of equipment and development including, but not limited to, unusual or unexpected geological formations. Such factors are also described or referred to under the heading "Risk Factors" of Cogitore's Management's Discussion and Analysis for the year ending December 31, 2012, all of which are incorporated by reference herein and are available at SEDAR at www.sedar.com. We caution that the foregoing list of important factors is not exhaustive. Investors and others who base themselves on Cogitore's forward-looking statements should carefully consider the above factors as well as the uncertainties they represent and the risk they entail.

You should not place undue importance on forward-looking information and should not rely upon this information as of any other date. Cogitore undertakes no obligation to update publicly or release any revisions to these forward- looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events except where required by applicable laws.

This press release does not constitute and the subject matter hereof is not, an offer for sale or a solicitation of an offer to buy, in the United States or to any "U.S Person" (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "1933 Act")) of any equity or other securities of Cogitore. The securities of Cogitore have not been registered under the 1933 Act and may not be offered or sold in the United States (or to a U.S. Person) absent registration under the 1933 Act or an applicable exemption from the registration requirements of the 1933 Act.

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.

Cogitore Resources Inc.
Gerald Riverin
President & CEO
819-764-6666
or
Cogitore Resources Inc.
Mark Goodman
Executive Chairman
416-924-9893
www.cogitore.com
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Cogitore Resources Inc.

DEVELOPMENT STAGE
CODE : WOO.V
ISIN : CA19242V1094
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Annual reports of Cogitore Resources Inc.
2007 Annual report
2006 Annual report
Financings of Cogitore Resources Inc.
5/2/2013Announces Closing of Debt Financing
12/28/2012Announces Closing of Private Placement of Flow-Through Share...
12/28/2012Announces Closing of Private Placement of Flow-Through Share...
12/28/2012Announces Closing of Private Placement of Flow-Through Share...
12/28/2012Announces Closing of Private Placement of Flow-Through Share...
12/28/2012Announces Closing of Private Placement of Flow-Through Share...
3/15/2011Announces Non-Brokered Private Placement of Flow-Through Com...
Option Grants of Cogitore Resources Inc.
11/29/2012Retains Investor Relations Consultant
Project news of Cogitore Resources Inc.
11/20/2012(Lemoine)Initiates Drilling of Gold Hill Showing at Lemoine Project
5/18/2011(Scott Lake)Reports Second Copper Enriched Lens Discovered at the Scott ...
5/10/2011(Scott Lake)Reports Best Ever Drill Holes Into Central Lens at the Scott...
3/2/2011(Scott Lake)Drilling on Central Lens Confirms Continuous Mineralization ...
Corporate news of Cogitore Resources Inc.
5/28/2013Corporate Update
2/13/2013Continues to Intersect High Grade Massive Sulphides at Carib...
1/9/2013Currently Drilling on Caribou Project
6/15/2011(Scott Lake)Increases Mineral Resource on Scott Lake Project by 47 Perce...
5/2/2011Appoints Corporate Secretary and Grants Stock Options
3/24/2011Amends Terms of Non-Brokered Private Placement
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TSX-V (WOO.V)
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TSX-V
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