Silver Bear Provides Corporate Update
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 02/05/15 -- Silver Bear Resources Inc. ("Silver Bear" or the "Company") (TSX: SBR) is pleased to provide the following update with respect to the developments of its silver properties located in the Russian Federation. In particular, the Company reports that positive steps have been taken in the latter half of 2014 to progress the transition of the Company. Building on the results from its previously announced preliminary economic assessment and the completion of its private placement financing which raised over $10,000,000 (See Press Releases dated February 7, 2014, May 21, 2014 and August 18, 2014), the Company has:
In addition, the Company announces that Mr. Boris Granovsky has been appointed to the Board of Directors of the Company, replacing Ms. Anastasia Gracheva. The Company would like to thank Ms. Gracheva for her continued support and wish her all the best in future endeavors.
Silver Bear Resources Inc.
The primary business of the Company is the evaluation, acquisition, exploration and development of silver properties in the Russian Federation. The Company's principal focus is the Mangazeisky exploration lease and the Vertikalny Deposit, over which Silver Bear has exclusive exploration/mining rights. It is located approximately 400 kilometres north of Yakutsk in the Republic of Sakha, Yakutia in the Russian Federation.
Silver Bear Resources Inc. is listed on the Toronto Stock Exchange and its common shares trade under the ticker symbol "SBR". Silver Bear has 161,089,517 issued and outstanding common shares. Other information relating to Silver Bear is available on SEDAR at as well as on the Company's website at .
Cautionary Notes
The PEA is preliminary in nature and is based on a number of assumptions that may be changed in the future as additional information becomes available. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The PEA includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized.
This release and subsequent oral statements made by and on behalf of the Company may contain forward-looking statements, which reflect management's expectations. Wherever possible, words such as "intends", "expects", "scheduled", "estimates", "anticipates", "believes" and similar expressions or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, have been used to identify these forward-looking statements. Although the forward-looking statements contained in this release reflect management's current beliefs based upon information currently available to management and based upon what management believes to be reasonable assumptions, Silver Bear cannot be certain that actual results will be consistent with these forward-looking statements. A number of factors could cause events and achievements to differ materially from the results expressed or implied in the forward-looking statements. Such risks factors include but are not limited to risks factors identified by Silver Bear in its continuous disclosure filings filed from time to time on SEDAR. These factors should be considered carefully and prospective investors should not place undue reliance on the forward-looking statements. Forward-looking statements necessarily involve significant known and unknown risks, assumptions and uncertainties that may cause Silver Bear's actual results, events, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although Silver Bear has attempted to identify important risks and factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors and risks that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, prospective investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date of this release, and Silver Bear assumes no obligation to update or revise them to reflect new events or circumstances, unless otherwise required by law.
For further details, please visit .
Contacts:
Silver Bear Resources Inc.
Graham Hill, President and Chief Executive Officer
UK+44 755 2524 982
Silver Bear Resources Inc.
Robin Birchall, Executive Chairman
UK+44 771 131 3019
1 Adam Street
London, WC2N 6LE
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Datum: 05.02.2015 - 22:01 Uhr
Sprache: Deutsch
News-ID 369635
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contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Mining & Metals
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