Crew Gold Corporation Completes Sale of the Nugget Pond Processing
Facility
(Thomson Reuters ONE) - Corporate news announcement processed and transmitted by Hugin AS.The issuer is solely responsible for the content of this announcement. ------------------------------------------------------------------------------------ Press Release - October 28, 2009 Crew Gold Corporation Completes Sale of the Nugget Pond Processing FacilityLONDON, United Kingdom: Crew Gold Corporation ("Crew" or "theCompany") (TSX, OSE: CRU) today announces that thesale of the Nugget Pond Processing Facility (the "Facility") toRambler Metals and Mining PLC has been completed for aconsideration of CDN$3.5 million.William LeClairCEOSafe Harbour StatementCertain statements contained herein that are not statements ofhistorical fact, may constitute forward-looking statements and aremade pursuant to applicable and relevant national legislation(including the Safe-Harbour provisions of the United States PrivateSecurities Litigation Reform Act of 1995) in countries where Crew isconducting business and/or investor relations. Forward-lookingstatements, include, but are not limited to those with respect to (1)production guidance for LEFA, (2) the proposed capital and debtrestructuring, (3) the expected release of NI 43-101 reserve andresource reports and the contents of those reports, (4) theanticipated update of the Company's life of mine plan, (5) theexpected actions of the Company's principal fuel supplier, and (6)the Company's anticipated non-payment of the $23.2 million principalpayment due to bondholders in October 2009. Often, but not always,forward-looking statements can be identified by the use of words suchas plans, expects, targets, budget, estimates, forecasts, intends,anticipates, believes, or equivalents or variation, includingnegative variation, of such words and phrases, or state that certainactions, events or results, may, could, would, might or will betaken, occur or be achieved.Forward-looking statements involve known and unknown risks,uncertainties and other factors that could cause the actual resultsof the Company to be materially different from any future resultsexpressed or implied by such forward-looking statements. Such risksand uncertainties include, among others, (1) the actual productionresults at LEFA being less than anticipated, (2) the actual resultsof the independent consultant's review of the reserves and resourcesat LEFA, (3) failure of plant, equipment or processes to operate asanticipated, (4) accidents, labour disputes and other risks of themining industry, and (6) the Company's operating and necessarycapital expenditures being higher or lower than expected.The material factors and assumptions used to develop forward-lookingstatements which may be incorrect, include, but are not limited to,(1) there being no significant disruptions affecting operations,whether due to labour disruptions, supply disruptions, damage toequipment or otherwise, (2) continued development, operation andproduction at the Company's properties consistent with currentexpectations, (3) foreign exchange rates among the currencies theCrew does business in being approximately consistent with currentlevels, (4) certain price assumptions for gold, (5) prices forelectricity, fuel oil and other key supplies remaining consistentwith current levels, (6) production forecasts meeting expectations,and (7) materials and labour costs increasing on a basis consistentwith Crew's expectations.Except as may be required by applicable law or stock exchangeregulation, the Company undertakes no obligation to update publiclyor release any revisions to the forward-looking statements containedherein to reflect events or circumstances after the date of thisdocument or to reflect the occurrence of unanticipated events.Accordingly, readers should not place undue reliance onforward-looking statements.http://hugin.info/90/R/1350642/326034.pdf --- End of Message ---Crew Gold CorporationAbbey House, Wellington Way, Weybridge Surrey United KingdomWKN: 226534105 ; ISIN: CA2265344028; ;
Datum: 28.10.2009 - 07:09 Uhr
Sprache: Deutsch
News-ID 7488
Anzahl Zeichen: 0
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London
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Business News
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