Correction from Source: Handeni Gold Inc. settles litigation with Ruby Creek Resources Inc.
(Thomson Reuters ONE) -
Toronto, Ontario, March 23, 2015 - Handeni Gold Inc. (the "Company" or "Handeni
Gold") (OTCPink: HNDI). Handeni Gold Inc. Settles its Litigation with Ruby Creek
Resources, Inc.
The Company is pleased to announce that on January 13, 2015, it reached a
binding settlement of the New York litigation with Ruby Creek Resources, Inc.
(RCR), and is currently waiting for RCR to finalize the formal settlement
documentation. The settlement does not require any monetary payment by the
Company to RCR. Under the terms of the settlement, the Company will turn over
its interest in Ruby Creek Resources (Tanzania) Limited and will return the
4,000,000 shares of restricted Ruby Creek common stock to RCR. Both sides have
agreed to dismiss their respective claims, with prejudice, and the litigation is
now concluded.
The Company is delighted to be able to put the litigation behind it and to focus
all of its efforts for 2015 and beyond on gold exploration.
Says CEO Dr. Reyno Scheepers: "I am satisfied that Handeni Gold Inc. can once
again centre all of its attention and funding, on building a viable and
sustainable gold company."
About Handeni Gold Inc.
The Company is an emerging mineral exploration company focused on exploring and
developing mining opportunities in Tanzania. For more information, go
to http://www.handenigold.com/
Safe Harbour Statements
This news release shall not constitute an offer to sell or the solicitation of
an offer to buy securities of the Company nor there any sale of these securities
in any jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such
jurisdiction.
Except for the statements of historical fact contained herein, the information
presented in this news release may constitute "forward-looking statements" as
such term is used in applicable United States and Canadian laws. These
statements relate to analyses and other information that are based on forecasts
of future results, estimates of amounts not yet determinable and assumptions of
management. Any statements that express or involve discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives, assumptions
or future events or performance (often, but not always, using words or phrases
such as "expects" or "does not expect", "is expected", "anticipates" or "does
not anticipate", "plans, "estimates" or "intends", or stating that certain
actions, events or results "may", "could", "would", "might" or "will" be taken,
occur or be achieved) are not statements of historical fact and should be viewed
as "forward-looking statements". Although the Company has attempted to identify
important factors and risks that could cause actual actions, events or results
to differ materially from those described in forward-looking statements
including, the risks and uncertainties outlined in our most recent financial
statements and reports and registration statement filed with the United States
Securities and Exchange Commission (the "SEC") (available at www.sec.gov) and
with Canadian securities administrators (available at www.sedar.com), there may
be other factors that cause actions, events or 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 contained in this news release and
in any document referred to in this news release.
PO Box 73095 Wood Street PO, 465 Yonge St., Toronto ON M4Y 2W5
Dar es Salaam Office; P.O. Box 33507, Plot 82A ITV Road, Mikocheni Light
Industrial Area,
Dar es Salaam, Republic of Tanzania. .Tel: +255 22 270 0084; Fax:
+255 22 270 0052
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Handeni Gold Inc. via GlobeNewswire
[HUG#1905511]
Unternehmensinformation / Kurzprofil:
Datum: 23.03.2015 - 14:46 Uhr
Sprache: Deutsch
News-ID 380380
Anzahl Zeichen: 4984
contact information:
Town:
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Kategorie:
Business News
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