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WhiteHawk Completes Tender Offer for Acquisition of PHX
WhiteHawk Completes Tender Offer for Acquisition of PHX

Associated Press

time2 days ago

  • Business
  • Associated Press

WhiteHawk Completes Tender Offer for Acquisition of PHX

PHILADELPHIA--(BUSINESS WIRE)--Jun 21, 2025-- WhiteHawk Income Corporation (together with WhiteHawk Energy, LLC and their respective subsidiaries, 'WhiteHawk' or the 'Company') announced that a majority of the outstanding shares of common stock, par value $0.01666 per share (the 'Shares'), of PHX Minerals Inc. ('PHX') (NYSE: PHX) were validly tendered and the other conditions to the tender offer have been satisfied. WhiteHawk anticipates the acquisition of PHX will be consummated by WhiteHawk in accordance with, and subject to the terms of, the definitive agreement for the acquisition on Monday, June 23, 2025. Computershare Trust Company, N.A., the depositary for the tender offer, has indicated that as of 12:00 Midnight, Eastern time, at the end of June 20, 2025, approximately 28,806,761 total Shares, or 73.7% of the total Shares issued and outstanding, have been tendered into and not properly withdrawn from the tender offer. This figure does not include 50,315 Shares tendered pursuant to the guaranteed delivery procedures set forth in the Offer to Purchase. When the 50,315 Shares tendered pursuant to the guaranteed delivery procedures are included in the results, approximately 28,857,076 total Shares, or 73.8% of the total Shares issued and outstanding, will have been tendered into and not properly withdrawn from the tender offer. About WhiteHawk Energy, LLC WhiteHawk Energy, LLC is focused on acquiring mineral and royalty interests in top-tier natural gas resource plays, including the Marcellus Shale and Haynesville Shale. The management team at WhiteHawk Energy has successfully grown over $13 billion of minerals, midstream, and exploration and development companies over the last 20 years. WhiteHawk Energy currently manages approximately 1,350,000 gross unit acres within core operating areas of the Marcellus Shale and Haynesville Shale, with interests in more than 3,400 producing horizontal wells. Please go to for more information. About PHX Minerals Inc. PHX Minerals is a natural gas and oil mineral company with a strategy to proactively grow its mineral position in its core focus areas. PHX owns mineral acreage principally located in Oklahoma, Texas, Louisiana, North Dakota and Arkansas. Additional information on the Company can be found at Cautionary Statement Regarding Forward-Looking Statements This document contains certain forward-looking statements about WhiteHawk and PHX, including statements that involve risks and uncertainties concerning WhiteHawk's proposed acquisition of PHX, anticipated customer benefits and general business outlook. When used in this document, the words 'anticipates,' 'can,' 'will,' 'look forward to,' 'expected' and similar expressions and any other statements that are not historical facts are intended to identify those assertions as forward-looking statements. Any such statement may be influenced by a variety of factors, many of which are beyond the control of WhiteHawk or PHX, that could cause actual outcomes and results to be materially different from those projected, described, expressed or implied in this document due to a number of risks and uncertainties. Potential risks and uncertainties include, among others, (i) the possibility that the transaction will not close or that the closing may be delayed, (ii) the anticipated synergies of the combined companies may not be achieved after closing, (iii) the combined operations may not be successfully integrated in a timely manner, if at all, (iv) general economic conditions in regions in which either company does business, and (v) the possibility that WhiteHawk or PHX may be adversely affected by other economic, business, and/or competitive factors. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of WhiteHawk or PHX. In addition, please refer to the documents that PHX files with the U.S. Securities and Exchange Commission (the 'SEC') on Forms 10-K, 10-Q and 8-K. These filings identify and address other important factors that could cause PHX's operational and other results to differ materially from those contained in the forward-looking statements set forth in this document. You are cautioned to not place undue reliance on forward-looking statements, which speak only as of the date of this document. Neither WhiteHawk nor PHX is under any duty to update any of the information in this document. Additional Information about the Acquisition and Where to Find It This document is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell shares of PHX, nor is it a substitute for the tender offer materials that WhiteHawk and its acquisition subsidiary will file and have filed with the SEC relating to the tender offer. The tender offer is being made pursuant to a tender offer statement on Schedule TO (including the Offer to Purchase, a related Letter of Transmittal and other offer materials) filed by WhiteHawk with the U.S. Securities and Exchange Commission ('SEC') on May 22, 2025, as amended from time to time. In addition, on May 22, 2025, PHX filed a Solicitation/Recommendation statement on Schedule 14D-9 with the SEC related to the tender offer. The tender offer materials (including an Offer to Purchase, a related Letter of Transmittal and certain other tender offer documents) and the Solicitation/Recommendation Statement contain important information. Holders of shares of PHX are urged to read these documents The Offer to Purchase, the related Letter of Transmittal and certain other tender offer documents, as well as the Solicitation/Recommendation Statement, have been made available to all holders of shares of PHX at no expense to them. The tender offer materials and the Solicitation/Recommendation Statement are available for free at the SEC's web site at In addition to the Offer to Purchase, the related Letter of Transmittal and certain other tender offer documents, as well as the Solicitation/Recommendation Statement, PHX files annual, quarterly and special reports and other information with the SEC. You may read and copy any reports or other information filed by PHX at the SEC public reference room at 100 F Street, N.E., Washington, D.C. 20549. Please call the Commission at 1-800-SEC-0330 for further information on the public reference room. PHX's filings with the SEC are also available to the public from commercial document-retrieval services and at the website maintained by the SEC at View source version on CONTACT: Corporate Relations [email protected] KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA INDUSTRY KEYWORD: PROFESSIONAL SERVICES MINING/MINERALS OIL/GAS NATURAL RESOURCES ENERGY FINANCE ASSET MANAGEMENT SOURCE: WhiteHawk Energy, LLC Copyright Business Wire 2025. PUB: 06/21/2025 06:30 AM/DISC: 06/21/2025 06:31 AM

OceanaGold Announces Effective Date of Share Consolidation in Connection with Proposed U.S. Listing
OceanaGold Announces Effective Date of Share Consolidation in Connection with Proposed U.S. Listing

Cision Canada

time4 days ago

  • Business
  • Cision Canada

OceanaGold Announces Effective Date of Share Consolidation in Connection with Proposed U.S. Listing

VANCOUVER, BC, June 19, 2025 /CNW/ - OceanaGold Corporation (TSX: OGC) (OTCQX: OCANF) ("OceanaGold" or the "Company") announces the consolidation of its common shares on the basis of three (3) pre-consolidation common shares for one (1) post-consolidation common share (the "Consolidation") will take effect as of Monday, June 23, 2025 (the "Effective Date"). The shareholders of OceanaGold approved the Consolidation at the Annual General and Special Meeting held on June 4, 2025. The Company is considering a dual listing of its common shares on a major U.S. exchange, including the New York Stock Exchange, in the first half of 2026. The Company believes a U.S. listing could lead to increased interest by a wider audience of potential investors and result in increased marketability and trading liquidity. The motivation of the Consolidation is to raise the per share trading price of the Company's common shares to better comply with minimum trading price requirements of such exchanges. OceanaGold's post-consolidation common shares will be posted for trading on the Toronto Stock Exchange at the opening of trading on the Effective Date, under the current symbol "OGC" and new CUSIP number 675222400. As at the date of this news release, the Company has 693,379,818 common shares issued and outstanding. Following the completion of the Consolidation on the Effective Date, the Company is expected to have approximately 231,126,566 common shares issued and outstanding, subject to rounding. The exercise or conversion price of all performance rights and deferred share units will be proportionately adjusted reflecting the Consolidation ratio. No fractional post-consolidation common shares will be issued in effect with the Consolidation. Any fractional common share interest of 0.50 or more arising from the Consolidation will be rounded up to the nearest whole number, and any fractional common share interest of less than 0.50 will be cancelled. Registered shareholders holding pre-Consolidation common shares through the Direct Registration System ("DRS") will be automatically sent a DRS advice by the Company's transfer agent, Computershare Investor Services Inc. ("Computershare"), representing the number of post-Consolidation common shares they hold following the Consolidation and no further action is required to be taken. Beneficial shareholders holding their common shares through intermediaries such as a broker, trustee or other financial institution should note that such intermediaries may have different procedures for processing the Consolidation than those put in place by the Company for the registered shareholders. Beneficial shareholders who have questions regarding how their common shares will be processed in connection with the Consolidation should contact their intermediaries. Registered shareholders holding their pre-Consolidation common shares in certificate forms will receive a letter of transmittal from Computershare containing instructions on how to exchange their pre-consolidation share certificates for post-Consolidation shares. About OceanaGold OceanaGold is a growing intermediate gold and copper producer committed to safely and responsibly maximizing the generation of Free Cash Flow from our operations and delivering strong returns for our shareholders. We have a portfolio of four operating mines: the Haile Gold Mine in the United States of America; Didipio Mine in the Philippines; and the Macraes and Waihi operations in New Zealand. Cautionary Statement for Public Release This press release contains certain "forward-looking statements" and "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities laws which may include, but is not limited to, statements with respect to the Company being listed on a major U.S. exchange, including such dual listing leading to increased interest by a wider audience of potential investors, increased marketability and trading liquidity and the expected timing for such listing, and the anticipated Effective Date and effects of the completion of the Consolidation. Forward-looking statements and information relate to future performance and reflect the Company's expectations regarding the generation of Free Cash Flow, execution of business strategy, future growth, future production, estimated costs, results of operations, business prospects and opportunities of OceanaGold and its related subsidiaries. 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 may be forward-looking statements. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those expressed in the forward-looking statements. They include, among others, those risk factors identified in the Company's most recent Annual Information Form prepared and filed with securities regulators which is available on SEDAR+ at under the Company's name and on the Company's website. There are no assurances the Company can fulfil forward-looking statements. Such forward-looking statements are only predictions based on current information available to management as of the date that such predictions are made; actual events or results may differ materially as a result of risks facing the Company, some of which are beyond the Company's control. Although the Company believes that any forward-looking statements contained in this press release is based on reasonable assumptions, readers cannot be assured that actual outcomes or results will be consistent with such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements and information, whether as a result of new information, events or otherwise, except as required by applicable securities laws.

NexMetals Announces Effective Date of Share Consolidation
NexMetals Announces Effective Date of Share Consolidation

Yahoo

time5 days ago

  • Business
  • Yahoo

NexMetals Announces Effective Date of Share Consolidation

Toronto, Ontario--(Newsfile Corp. - June 18, 2025) - NexMetals Mining Corp. (TSXV: NEXM) (OTC Pink: PRMLF) (formerly Premium Resources Ltd.) ("NEXM" or the "Company") announces that the Company will consolidate its common shares on the basis of twenty (20) pre-consolidated shares for every one (1) post-consolidation share (the "Consolidation"). The Consolidation is subject to final approval of the TSX Venture Exchange (the "TSXV") and is expected to take effect at market open on June 20, 2025 (the "Effective Date"). In connection with the Company's proposed listing on the Nasdaq Stock Market LLC ("Nasdaq"), the Company is undertaking the Consolidation in order to satisfy Nasdaq's initial listing requirements, which include a minimum bid price of US$4.00 per share. Following the Consolidation, the Company will have approximately 21,449,317 common shares issued and outstanding. Any fractional post-Consolidation share that is less than one-half (1/2) of a share will be cancelled and any fractional post-Consolidation share that is at least or greater than one-half (1/2) of a share will be rounded up to one whole share. The Company's name and trading symbol will remain unchanged. However, the CUSIP number for the post-Consolidation common shares will be 65346E204 and the new ISIN will be CA65346E2042. Registered shareholders of record as of the Effective Date who hold physical share certificates will receive a letter of transmittal from the Company's transfer agent, Computershare Investor Services Inc., with instructions on how to exchange their existing share certificates for new share certificates representing post-Consolidation shares. Shareholders whose shares are represented by a direct registration system statement will automatically receive their post-Consolidation shares without any further action. Beneficial shareholders who hold their shares through a broker or other intermediary and do not have shares registered in their own names will not be required to complete a letter of transmittal, but are encouraged to contact their intermediaries if they have any questions. About NexMetals Mining Corp. NexMetals Mining Corp. is a mineral exploration and development company that is focused on the redevelopment of the previously producing copper, nickel and cobalt resources mines owned by the Company in the Republic of Botswana. NexMetals is committed to governance through transparent accountability and open communication within our team and our stakeholders. NexMetals' team brings extensive experience across the full spectrum of mine discovery and development. Collectively, the team has contributed to dozens of projects, including work on the Company's Selebi and Selkirk mines. Senior team members each have on average, more than 20 years of experience spanning geology, engineering, operations, and project development. For further information about NexMetals Mining Corp., please contact: Morgan LekstromCEO and Directormorganl@ Jaclyn RuptashV.P., Communications and Investor Relationsjaclyn@ Follow Us X: LinkedIn: Facebook: Cautionary Note Regarding Forward-Looking Statements: 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 news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. For the purposes of this release, forward-looking information includes, but is not limited to, the timing of the effectiveness of the Consolidation and the Company's application to list on the Nasdaq. These forward-looking statements, by their nature, require the Company to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: the possibility that the Company's common shares will not begin trading on a consolidated basis on the timing anticipated; delays in obtaining or failures to obtain required governmental or stock exchange approvals, including the approval of the Nasdaq in respect of the Company's listing application; changes in equity markets; and those risks set out in the Company's public disclosure record on SEDAR+ ( under NEXM's issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Where are the student rooms and returns investors were promised?
Where are the student rooms and returns investors were promised?

The Citizen

time11-06-2025

  • Business
  • The Citizen

Where are the student rooms and returns investors were promised?

Founder of ISAF Ithubalethu tries to explain why the scheme faltered, while saying there's still potential. No money, no accommodation. SA investors are still waiting for their 'mouthwatering dividends'. Picture: azi/Adobe Stock A Moneyweb subscriber has raised an interesting question: What happened to the Inkunzi Student Accommodation Fund (ISAF)) Ithubalethu investment opportunity that was promoted some five years ago? 'In 2019, I and other South African individuals invested in a company ISAF Ithubalethu promoted by Owen Nkomo during their initial public offering. It was broadcast [on] talk radio stations and other forms of media. 'We were promised mouthwatering returns or dividends after 5 years of a lock up period, something which has not materialized to this day. I can provide documentation to this claim,' the subscriber writes. 'Owen Nkomo keeps changing addresses without informing us as investors. The company is not operational with no address. He refuses to give us financial reports. We have never held an annual meeting ever,' the reader claims. 'He lied about some of the information in the prospectus, like claiming Computershare will do the administration of the IPO. When I called Computershare to verify what was written in the prospectus, they denied ever working with him or ISAF Ithubalethu.' The disgruntled investor adds that he checked and can confirm that ISAF Ithubalethu is not registered with the Financial Sector Conduct Authority (FSCA). However, registering as a financial services provider is not necessary when a company raises equity capital. ALSO READ: Big boost for student living quarters Big plans Nkomo, founder and CEO of ISAF Ithubalethu, had a good idea back in 2019. And he had big plans. He aimed to raise R1.4 billion to list a property company on the Johannesburg Stock Exchange. He planned to build – or buy and renovate – buildings near universities to rent the rooms to students. It was a good plan and would have generated good returns for investors, as any parents paying eye-watering rent for a small apartment for their studying children can attest to. Unfortunately, large institutional investors were not convinced and none committed to big money. Undeterred, Nkomo adjusted his aim and decided to start with a smaller amount. He targeted individual investors in a bid to raise R250 million. ALSO READ: Nsfas payment delay puts student accommodation at risk Investor roadshow Nkomo printed a prospectus and travelled SA to solicit funds from people. The prospectus stated that ISAF Ithubalethu had been set up to give 'the man in the street' an opportunity to participate in a formal capital raise, where the proceeds will be deployed in investments linked directly, or indirectly, to purpose-built student accommodation facilities. 'A Johannesburg Stock Exchange listing will be considered once the portfolio has reached a reasonable scale, and more capital is required to expand the asset base of the business. Prior to that, a listing on a smaller exchange could be done to provide liquidity to investors seeking to buy in or trade out of the investment. 'The initial investment will be locked in for five years, to allow management to grow the fund, create a track record and deliver consistent returns to initial investors,' the prospectus said. 'Having experienced the challenges of raising capital to buy targeted assets, and entering into exclusivity arrangements with owners of student assets during the process of listing ISAF, management of ISAF Ithubalethu decided to use the unlisted special purpose acquisition company route,' it added. 'This means that despite having a pipeline of potential assets worth over R1.8 billion to buy, ISAF Ithubalethu will raise cash first, and only after the capital raise will transaction legalities be entered into. This will strengthen the buying power position of the entity since a 'balance sheet' will already be in place. 'It is this 'journey to the balance sheet' that the founders and promoters of ISAF Ithubalethu are inviting the public to join in,' Nkomo said at the time. The minimum investment was set at R5 000 with the promise that income returns would be between 8.5% and 10% per annum. ALSO READ: Student res up for grabs in Bertrams Gearing Old Facebook posts still showcase Nkomo's investment proposal. These promise larger returns, in that an investor's investment will be bulked up with debt to enhance returns. The company proposed leveraging an investment of R10 000 with a loan of another R20 000 for total capital of R30 000, which could earn a net return of 10% per annum. It shows a dividend of R3 000 per annum – a return of 30% on the original investment. The promise was: 'After all debt paid off, target dividends due to you (dividends will be paid every year).' Facebook posts inviting the public to presentations, circa 2019 Source: ISAF Itubalethu Facebook page The prospectus stated that the opportunity was huge. 'With SA clearly miles behind the developed world, it is believed that the addressable market value of the opportunity is between R75 billion and R125 billion and growing at 5% per annum,' it said to entice investors. The reality turned out to be different. Nkomo conceded to Moneyweb that there have been difficulties and that the company was not able to raise enough money to invest in big buildings. He did not answer the question about how much ISAF Ithubalethu actually managed to raise. 'I got your email. I've been back in there with retail investors not understanding how things work. And most of the issues they're raising, they've been raised and handled by our call centre. I'm not the one that's supposed to deal with them, but I do take their calls now and again. 'But we have a full-time call centre and we're actually releasing communication by end of this week to all the shareholders,' said Nkomo. 'The one thing that I'm battling with is getting them to understand that there has to be processes that are followed so that we get to a point where we say we're paying the dividend. 'Results are being prepared right now,' he claimed. 'We're going to announce the results and the dividend payment soon. We're testing systems for them to be able to do transactions between each other if they want to exit the scheme.' ALSO READ: Where are the 'ghost students'? Concerns over housing changes Smaller than envisaged Nkomo admits that the project is much smaller than promised. 'It became a very small scheme. We were looking for R1.4 billion. We could not list because in 2018, because the property sector crashed. 'So it became a very small scheme, which I was preparing for the BEE (Black Economic Empowerment) participants to buy into the entity we were going to list. So in that, we raised, I think, about R5.5 million because the minimum on that ticket was R5 million. 'So it's a small ticket, and we are going to be paying dividends out. And we have actually started doing the test runs on that,' he said. The company did not buy rental properties. 'Because of the amount of cash that we raised, we decided to not buy properties, but invest in some of the ancillary stuff that happens in the real estate space. For example, financing small refurbishments and things like that. And doing normal residential stuff,' according to Nkomo. He said investors don't understand the investments they made. 'They think that they can just liquidate their investment, but you can't because it's a share.' ALSO READ: 'No evictions of any student', says Manamela on Nsfas accommodation He elaborated on this: 'The peculiar thing about a share is that it's not a listed share. It's a public share, but it's not listed. And it was a SPAC [special-purpose acquisition company] as well. We are going to be giving them 10.2% as a dividend, but I've got processes that I've got to go through. 'People pass away, they lose their phone numbers, you don't get the certificates or the latest FICA. You know how the authorities are trending down on transactions that are not FICA compliant,' he added. 'I am getting that in place. I need to get that to 70% compliance in terms of getting everybody's latest document coming in and then taking the processes forward. It's just a matter of continuing to educate the guys and communicating in a language they can understand. I need to do a test run of dividend payments. You need to test out these things be[fore] we do the full payment,' said Nkomo. He noted that this will be the first dividend. 'Remember, we had a lock-in for five years. So we can't have been paying dividends in that period. And then there was the two years that we lost to Covid, right? So we effectively worked for only three years,' he added, confirming that ISF Ithubalethu is operating and making a profit. He promised to supply more information by email, which will be added to this article once received. This article was republished from Moneyweb. Read the original here.

Austral Gold Announces Change of Registry Address
Austral Gold Announces Change of Registry Address

Yahoo

time11-06-2025

  • Business
  • Yahoo

Austral Gold Announces Change of Registry Address

Sydney, Australia--(Newsfile Corp. - June 10, 2025) - Established gold producer Austral Gold Limited (ASX: AGD) (TSXV: AGLD) (OTCQB: AGLDF) ("Austral" or the "Company") advises in accordance with ASX Listing Rule 3.15.1 effective 10 June 2025, the Sydney office of Computershare Investor Services Pty Limited was relocated to: Computershare Investor ServicesLevel 444 Martin PlaceSydney NSW 2000 Computershare's telephone numbers and postal address remain unchanged. About Austral Gold Austral Gold is a growing gold and silver mining producer building a portfolio of quality assets in the Americas based on three strategic pillars: production, exploration and equity investments. Austral continues to lay the foundation for its growth strategy by advancing its attractive portfolio of producing and exploration assets. For more information, please visit the Company's website at Neither 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. Release approved by the Joint Company Secretary. For additional information, please contact: David Hwang Jose Bordogna Joint Company Secretary Chief Financial Officer and Joint Company Secretary Austral Gold Limited Austral Gold Limited david@ +61 433 292 290 +61 466 892 307 Forward-Looking Statements Statements in this news release that are not historical facts are forward-looking statements. Forward-looking statements are statements that are not historical, and consist primarily of projections - statements regarding future plans, expectations and developments. Words such as "expects", "intends", "plans", "may", "could", "potential", "should", "anticipates", "likely", "believes" and words of similar import tend to identify forward-looking statements. The forward-looking statement in this news release is "Austral continues to lay the foundation for its growth strategy by advancing its attractive portfolio of producing and exploration assets". All of these forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied, including, without limitation, uncertainty of exploration programs, development plans and cost estimates, commodity price fluctuations; political or economic instability and regulatory changes; currency fluctuations, the state of the capital markets especially in light of the effects of the novel coronavirus, uncertainty in the measurement of mineral resources and reserves and other risks and hazards related to the exploration of a mineral property, and the availability of capital. You are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Austral cannot assure you that actual events, performance or results will be consistent with these forward-looking statements, and management's assumptions may prove to be incorrect. Austral's forward-looking statements reflect current expectations regarding future events and operating performance and speak only as of the date hereof and Austral does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations or opinions should change other than as required by applicable law. For the reasons set forth above, you should not place undue reliance on forward-looking statements. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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