Expedition Mining Seeks to Enter the Cannabis and Hemp Industry
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 09/23/14 -- Expedition Mining Inc. (TSX VENTURE: EXU) (the "Company") announces that the board of directors has instructed Ron Atlas, its President and Chairman of the Board, to seek out opportunities in the medical and recreational cannabis field, as well as possible projects in the hemp industry in both Canada and the United States. The company is currently listed as a junior resource issuer having mineral exploration projects. The company is considering other activities to increase shareholder value, including non-resource projects. If such opportunities are uncovered, Expedition will consider a change of business out of the mining industry.
President Ron Atlas stated, "While the mining industry is in a downward trend right now, the new laws in various American states, as well as the new Health Canada regulatory changes, have opened an entire new industry which we would like to explore for the benefit of our shareholders. As an emerging industry, both the medical and recreational use of cannabis will provide exceptional business opportunities for years to come."
The Company would also like to announce, after careful review of the results of trenching and test drilling of its prospective Burkina Faso opportunity, it has decided not to proceed with the exercise of the option it was granted by 0909189 BC Ltd.
Expedition presently holds the Long Canyon in Nevada on which it has recently completed a 1,600 m (5,000 ft) drill program. The Company is awaiting a climate more conducive to additional drilling and exploration.
Expedition Mining Inc. (TSX VENTURE: EXU) is a publicly held Canadian company. For additional information concerning Expedition Mining Inc. please visit Expedition's website at .
CAUTION REGARDING FORWARD LOOKING STATEMENTS:
This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "can", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Expedition Mining to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the exploration and potential development of any of its properties, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold. Although Expedition Mining has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Expedition Mining does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.
ON BEHALF OF THE BOARD:
Ronald Atlas, President & Chairman of the Board
Expedition Mining Inc.
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.
Standard & Poor's Listed
Issued Share Capital: 11,667,367
Contacts:
Expedition Mining Inc.
William Galine
(604) 662-3903
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 23.09.2014 - 13:15 Uhr
Sprache: Deutsch
News-ID 338325
Anzahl Zeichen: 0
contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
Diese Pressemitteilung wurde bisher 185 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Expedition Mining Seeks to Enter the Cannabis and Hemp Industry"
steht unter der journalistisch-redaktionellen Verantwortung von
Expedition Mining Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
