TORONTO, September 7, 2022 (GLOBE NEWSWIRE) — Madison Metals Inc. (“Madison” or “Company”) (CSE: GREN) (OTC: MMTLF) has received approval from the Ministry of Mines and Energy of the Republic of Namibia for the partial (1/3) transfer of three separate concessions held by Giraffe Energy Investments Close Corporation. We will announce it. (“giraffe energy) and Otjiwa Mining and Prospecting Close Corporation for the Rössing North Uranium Project (“first transfer”) to our wholly-owned subsidiary, Pennywort Investments (Pty) Limited. In connection with the closing of the initial transfer, the Company issued 533,333 shares of his common stock at a price of $0.52 and made a cash payment of $50,000.00 to Giraffe Energy.
The Company also issued 75,000 shares of common stock in respect of the services rendered to Sanmiguel Capital Investment (Bahamas) Ltd., a consultant of the Company.
About Madison Metals
Madison Metals Inc (CSE: GREN) (OTC: MMTLF) is a Canadian green energy resources company with an experienced management team with particular expertise in the uranium mining industry. Madison’s corporate goal is to build value by utilizing cutting-edge technology and the latest strategies to develop the Rossing-type uranium deposits identified in Kenora, Ontario, Canada and Namibia, Africa.
Additional information about Madison Metals Inc. can be found in the company’s SEDAR profile at madisonmetals.ca and www.sedar.com.
For more information, please contact:
Representative Director, Chairman and CEO
Madison Metal Co., Ltd.
Manager, Media & Analyst Relations
Primoris Group Co., Ltd.
Neither the CSE nor the Canadian Investment and Industry Regulatory Authority assumes responsibility for the adequacy or accuracy of this release.
This release contains “forward-looking statements” within the meaning of applicable Canadian securities laws. Forward-looking statements include, but are not limited to, statements regarding the following: Business purpose and strategy.
In general, forward-looking statements are made through the use of forward-looking terms such as “plans,” “anticipate” or “not expected,” “anticipate,” “budget,” “schedule,” and “estimate.” can be identified. “anticipate”, “intend”, “continue”, “anticipate”, “unexpected” or “believe” or that a particular action, event or outcome “could” or “could” Any variation of the word or phrase or statement “will”, “will”, “may” or “will be taken”, “will occur” or “will be achieved”. Forward-looking statements are based on certain assumptions and other material facts and, if not true, our actual results, performance or achievements may not be expressed or implied by such statements. Future results, performance or achievements may differ materially. Such statements and information are based on a number of assumptions regarding our current and future business strategies and the environment in which we will operate in the future.
Certain important factors that could cause actual results, performance or achievements to differ materially from the forward-looking statements include, among others, currency fluctuations, global economic conditions, dilution, stock price volatility, competition, labor market Incompetence, and unexpected expenses. our company’s. Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors, and actual results, levels of activity, performance or achievements of the Company may not be correct based on such forward-looking statements. They may differ materially from those expressed or implied by forward-looking statements. Including but not limited to: The impact of the COVID 19 pandemic on company operations and the economy in general. Impact of recovery after the COVID 19 pandemic and its impact on precious metals. receipt of required approvals; general business, economic, competitive, political and social uncertainties; future metal prices; accidents, labor disputes, shortages; environmental risks; and other risks of mining.
We have attempted to identify important factors that could cause our actual results to differ materially from those contained in the forward-looking statements, but we do not believe that they could cause results to differ materially from those anticipated, estimated or intended. There may be other factors that There can be no assurance that such statements will prove to be accurate, as actual results or future events could differ materially from those projected in such statements. You should not place undue reliance on forward-looking statements.
Further information regarding these and other risks can be found in our filings with the Canadian securities regulators available on our SEDAR profile page at www.sedar.com. We disclaim any obligation to update or revise these forward-looking statements, except as required by applicable law.
Madison Metals announces a stock offering related to its acquisition of a uranium project in Namibia, Canadian business journal.
Source link Madison Metals announces a stock offering related to its acquisition of a uranium project in Namibia, Canadian business journal.