Claude Resources Announces Agreement To Sell Certain Oil and Natural Gas Assets
Toronto Stock Exchange Trading symbol - CRJ
AMEX - CGR
SASKATOON, Nov. 4 /CNW/ - Claude Resources Inc. ("Claude", the "Company")
announces that it has entered into a Purchase and Sale Agreement with a
private Canadian corporation (the "Purchaser"), pursuant to which the
Purchaser has agreed to purchase a majority of the oil and natural gas assets
owned by Claude. If all of the assets subject to the Purchase and Sale
Agreement are ultimately sold to the Purchaser, the purchase price will be
$19.4 million.
Closing of the transaction is subject to regulatory and other approvals.
Also, sale of certain of the assets are subject to rights of first refusal
held by third parties. The extent to which the rights of first refusal are
exercised could impact completion of the purchase and sale transaction.
Claude Resources Inc. is a public company based in Saskatoon,
Saskatchewan, whose shares trade on the Toronto Stock Exchange (TSX-CRJ) and
the American Stock Exchange (AMEX-CGR). Claude is a gold exploration and
mining company. The Company also owns producing oil and natural gas assets.
The Company's entire asset base is located in Canada. Since 1991, Claude has
produced approximately 820,000 ounces of gold from its Seabee mining operation
in northeastern Saskatchewan. The Company also owns 100% of the 10,000 acre
Madsen property in the prolific Red Lake gold camp of northwestern Ontario.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This news release contains certain forward-looking statements relating
but not limited to the Company's expectations, intentions, plans and beliefs.
Forward-looking information can often be identified by forward-looking words
such as "anticipate", "believe", "expect", "goal", "plan", "intent",
"estimate", "may" and "will" or similar words suggesting future outcomes or
other expectations, beliefs, plans, objectives, assumptions, intentions or
statements about future events or performance. Forward-looking information may
include reserve and resource estimates, estimates of future production, unit
costs, costs of capital projects and timing of commencement of operations, and
is based on current expectations that involve a number of business risks and
uncertainties. Factors that could cause actual results to differ materially
from any forward-looking statement include, but are not limited to, failure to
establish estimated resources and reserves, the grade and recovery of mined
ore varying from estimates, capital and operating costs varying significantly
from estimates, delays in obtaining or failures to obtain required
governmental, environmental or other project approvals, inflation, changes in
exchange rates, fluctuations in commodity prices, delays in the development of
projects and other factors. Forward-looking statements are subject to risks,
uncertainties and other factors that could cause actual results to differ
materially from expected results.
Potential shareholders and prospective investors should be aware that
these statements are subject to known and unknown risks, uncertainties and
other factors that could cause actual results to differ materially from those
suggested by the forward-looking statements. Shareholders are cautioned not to
place undue reliance on forward-looking information. By its nature,
forward-looking information involves numerous assumptions, inherent risks and
uncertainties, both general and specific, that contribute to the possibility
that the predictions, forecasts, projections and various future events will
not occur. Claude Resources undertakes no obligation to update publicly or
otherwise revise any forward-looking information whether as a result of new
information, future events or other such factors which affect this
information, except as required by law.
%SEDAR: 00000498E
%CIK: 0001173924
For further information: Neil McMillan, President and Chief Executive Officer,
(306) 668-7505; or Rick Johnson, Chief Financial Officer, (306) 668-7505,
Email: clauderesources@clauderesources.com, Website:
www.clauderesources.com
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Claude Resources Inc.
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PRODUCTEUR |
CODE : CRJ.TO |
ISIN : CA1828731093 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Claude Resources est une société de production minière d'or basée au Canada. Claude Resources détient divers projets d'exploration au Canada. Son principal projet en production est SEABEE au Canada, son principal projet en développement est SANTOY 8 au Canada et ses principaux projets en exploration sont PORKY LAKE, SANTOY 7 et AMISK LAKE GOLD au Canada. Claude Resources est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 483,6 millions CA$ (377,2 millions US$, 332,2 millions €). La valeur de son action a atteint son plus haut niveau récent le 22 novembre 1996 à 3,10 CA$, et son plus bas niveau récent le 29 novembre 2013 à 0,12 CA$. Claude Resources possède 197 380 000 actions en circulation. |