Tse <nikkit@stockwatch.com>
Subject: Red Hut Metals Signs LOI for Rights to Gold-Bearing Claims inCalifornia
PLAIN TEXT:
February 23, 2017 13:39 ET
Red Hut Metals Signs LOI for Rights to Gold-Bearing Claims in California
**
*VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 23, 2017) -*Red Hut
Metals Inc. (the "Company" or "Red Hut") (TSX VENTURE:ROB) announces
that it has signed a Letter of Intent ("LOI") with each of Ray Merry and
Ron Coombes of Maple Ridge, B.C. and 0999940 B.C. Ltd, (a private B.C.
company owned by Merry) (collectively the "Assignors") whereby Red Hut
will acquire by way of assignment all of the contractual interests held
by the Assignors in various patented and located mineral claims (the
"Property") with a history of gold mineralization in Western California,
USA (the "Transaction").
*About the Property*
The Property includes six parcels which have been fully patented and are
owned in fee simple, and thirteen 20-acre mining claims on Bureau of
Land Management and US Forest Service property (260 acres), which
include several historic mines and a mill site. As additional ground is
being added to the Property, details of the Property will be deferred
until the land package is fully assembled.
*The Proposed Transaction*
The Assignors have negotiated the general terms and provisions whereby
they can earn a 50% joint venture interest in the Property, or
alternatively buy a 100% interest in the Property. To earn a 50%
interest in the Property requires the payment of US$175,000 and
incurring C$2,000,000 of expenditures on the Property over the course of
three years, as follows:
* payment of US$25,000 on or before March 28, 2017;
* payment of US$25,000 and incurring C$250,000 of expenditures by
March 28, 2018;
* payment of US$100,000 and incurring an additional C$750,000 of
expenditures by March 28, 2019; and
* incurring an additional C$1,000,000 of expenditures by March 28, 2020.
Having earned a 50% interest, a joint venture would be formed with the
Property owner. Alternatively, a 100% interest in the Property can be
acquired for US$5,000,000, at any time, of which one-half can be paid in
shares.
As consideration for the assignment, Red Hut will assume all obligations
of the Assignors to the Property owner, and has agreed to pay the
following to the Assignors:
1. Following regulatory approval, Red Hut will make a cash payment
US$25,000 and issue 1,500,000 Red Hut shares to 0999940 BC Ltd.;
2. After completing the recommended first year work program of at least
C$250,000, Red Hut will issue an additional 1,500,000 Red Hut shares
to 0999940 BC Ltd.;
3. After completing the recommended second year work program of at
least $750,000, Red Hut will issue an additional 1,500,000 Red Hut
shares to 0999940 BC Ltd.;
4. In the event that Red Hut elects to acquire the Property for US$5
million, Red Hut will issue an additional 1,500,000 Red Hut shares
to 0999940 BC Ltd.
In either event, the Property owner will retain a 2.5% net smelter
returns royalty, of which 1.5% NSR can be acquired for US$1,000,000 if
the option to acquire a 100% interest in the Property is exercised.
The Transaction was negotiated at arm's length. The Transaction will
constitute a reviewable transaction under the policies of the TSX
Venture Exchange (the "Exchange") and as such, it will require approval
of the Exchange. As no change of control will result, Red Hut will not
be required to seek the approval of its shareholders.
*Private Placement*
In conjunction with the Transaction, Red Hut will undertake, subject to
the acceptance of the Exchange, a private placement of at least
$1,200,000 in gross proceeds (the "Financing") through the issuance of
at least 12 million units (the "Units") at a price of $0.10 per Unit.
Each Unit will be comprised of one common share and one-quarter of one
common share purchase warrant ("Warrant"), with each whole Warrant
entitling the holder to purchase one common share of Red Hut at a price
of $0.25 per share for a period of one year. Red Hut expects to pay
finders' fees of not more than 7% (payable in Red Hut shares), and 7%
finder's warrants (with terms similar to the Warrants).
The funds will be used to meet the cash requirements of the Transaction
and to undertake the recommended work program for the Property.
*Certain Conditions to Transaction*
The completion of the Transaction will be subject to the satisfaction of
certain conditions, including:
* Red Hut completing the Financing; and
* Receipt of Exchange approval of the Transaction and the Financing.
*Other Matters*
Subject to regulatory approval, a finder's fee of 5% of the value of the
Transaction is payable to Mackie Research Capital Corporation of
Vancouver, B.C. in the form of Red Hut Shares.
This news release does not constitute an offer of sale of any of the
foregoing securities in the United States. None of the foregoing
securities have been and will not be registered under the U.S.
Securities Act of 1933, as amended (the "1933 Act") or any applicable
state securities laws and may not be offered or sold in the United
States or to, or for the account or benefit of, U.S. persons (as defined
in Regulation S under the 1933 Act) or persons in the United States
absent registration or an applicable exemption from such registration
requirements. This news release does not constitute an offer to sell or
the solicitation of an offer to buy, nor will there be any sale of the
foregoing securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
*ON BEHALF OF THE BOARD*
Robert Eadie, President, Chief Executive Officer and Director
/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 release./
*CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION*: This news
release includes certain "forward-looking statements" under applicable
Canadian securities legislation. Forward-looking statements include, but
are not limited to, statements with respect to: the terms and conditions
of the proposed Transaction; the terms and conditions of the proposed
Financing; future work to be carried on the Property; use of funds; and
the business and operations of Red Hut after the proposed transaction.
Forward-looking statements are necessarily based upon a number of
estimates and assumptions that, while considered reasonable, are subject
to known and unknown risks, uncertainties, and other factors which may
cause the actual results and future events to differ materially from
those expressed or implied by such forward-looking statements. There is
no assurance any of the forward-looking statements will be completed as
described herein, or at all. Such factors include, but are not limited
to: general business, economic, competitive, political and social
uncertainties; operating and technical difficulties in connection with
mineral exploration and development activities, lack of investor
interest in the Financing; requirements for additional capital; future
prices of gold and precious metals; changes in general economic
conditions; accidents, delays or the failure to receive board,
shareholder or regulatory approvals, including the required permits;
results of current exploration and testing; changes in laws, regulations
and policies affecting mining operations; and title disputes. 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. Red Hut disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise.
CONTACT INFORMATION
*
Red Hut Metals Inc.
Robert Eadie
1-604-602-4935
1-604-602-4936 (FAX)
info@redhutmetals.com <mailto:info@redhutmetals.com>
www.redhutmetals.com <http://www.redhutmetals.com/>
HTML CONTENT:
<html>
<head>
<meta http-equiv="content-type" content="text/html; charset=utf-8">
</head>
<body bgcolor="#FFFFFF" text="#000000">
<p id="news-date" style="margin: 0px 0px 1.5em; padding: 5px 0px;
border: 0px; font-size: 14px !important; font-weight: inherit;
font-style: inherit; font-family: inherit; vertical-align:
baseline; outline: 0px; line-height: 1.3;">February 23, 2017 13:39
ET</p>
<h1 style="margin: 0px; padding: 0px; border: 0px; font-size: 22px;
font-weight: bold; font-style: inherit; font-family: inherit;
vertical-align: baseline; outline: 0px; line-height: 1.3;">Red Hut
Metals Signs LOI for Rights to Gold-Bearing Claims in California</h1>
<p style="margin: 0px; padding: 5px 0px; border: 0px; font-size:
14px !important; font-weight: inherit; font-style: inherit;
font-family: inherit; vertical-align: baseline; outline: 0px;
line-height: 1.3;"><strong style="margin: 0px; padding: 0px;
border: 0px; font-size: 14px; font-weight: bold !important;
font-style: inherit; font-family: inherit; vertical-align:
baseline; outline: 0px;"></strong></p>
<div class="mw_release" style="margin: 0px; padding: 0px; border:
0px; font-size: 16px; font-weight: inherit; font-style: inherit;
font-family: inherit; vertical-align: baseline; outline: 0px;">
<p style="margin: 0px; padding: 5px 0px; border: 0px; font-size:
14px !important; font-weight: inherit; font-style: inherit;
font-family: inherit; vertical-align: baseline; outline: 0px;
line-height: 1.3;"><strong style="margin: 0px; padding: 0px;
border: 0px; font-size: 14px; font-weight: bold !important;
font-style: inherit; font-family: inherit; vertical-align:
baseline; outline: 0px;">VANCOUVER, BRITISH
COLUMBIA--(Marketwired - Feb. 23, 2017) -</strong><span
class="Apple-converted-space"> </span>Red Hut Metals Inc. (the
"Company" or "Red Hut") (TSX VENTURE:ROB) announces that it has
signed a Letter of Intent ("LOI") with each of Ray Merry and Ron
Coombes of Maple Ridge, B.C. and 0999940 B.C. Ltd, (a private
B.C. company owned by Merry) (collectively the "Assignors")
whereby Red Hut will acquire by way of assignment all of the
contractual interests held by the Assignors in various patented
and located mineral claims (the "Property") with a history of
gold mineralization in Western California, USA (the
"Transaction").</p>
<p style="margin: 0px; padding: 5px 0px; border: 0px; font-size:
14px !important; font-weight: inherit; font-style: inherit;
font-family: inherit; vertical-align: baseline; outline: 0px;
line-height: 1.3;"><strong style="margin: 0px; padding: 0px;
border: 0px; font-size: 14px; font-weight: bold !important;
font-style: inherit; font-family: inherit; vertical-align:
baseline; outline: 0px;"><span style="margin: 0px; padding:
0px; border: 0px; font-size: 14px; font-weight: inherit;
font-style: inherit; font-family: inherit; vertical-align:
baseline; outline: 0px; text-decoration: underline;">About
the Property</span></strong></p>
<p style="margin: 0px; padding: 5px 0px; border: 0px; font-size:
14px !important; font-weight: inherit; font-style: inherit;
font-family: inherit; vertical-align: baseline; outline: 0px;
line-height: 1.3;">The Property includes six parcels which have
been fully patented and are owned in fee simple, and thirteen
20-acre mining claims on Bureau of Land Management and US Forest
Service property (260 acres), which include several historic
mines and a mill site. As additional ground is being added to
the Property, details of the Property will be deferred until the
land package is fully assembled.</p>
<p style="margin: 0px; padding: 5px 0px; border: 0px; font-size:
14px !important; font-weight: inherit; font-style: inherit;
font-family: inherit; vertical-align: baseline; outline: 0px;
line-height: 1.3;"><strong style="margin: 0px; padding: 0px;
border: 0px; font-size: 14px; font-weight: bold !important;
font-style: inherit; font-family: inherit; vertical-align:
baseline; outline: 0px;"><span style="margin: 0px; padding:
0px; border: 0px; font-size: 14px; font-weight: inherit;
font-style: inherit; font-family: inherit; vertical-align:
baseline; outline: 0px; text-decoration: underline;">The
Proposed Transaction</span></strong></p>
<p style="margin: 0px; padding: 5px 0px; border: 0px; font-size:
14px !important; font-weight: inherit; font-style: inherit;
font-family: inherit; vertical-align: baseline; outline: 0px;
line-height: 1.3;">The Assignors have negotiated the general
terms and provisions whereby they can earn a 50% joint venture
interest in the Property, or alternatively buy a 100% interest
in the Property. To earn a 50% interest in the Property requires
the payment of US$175,000 and incurring C$2,000,000 of
expenditures on the Property over the course of three years, as
follows:</p>
<ul style="margin: 0px; padding: 0px; border: 0px; font-size:
16px; font-weight: inherit; font-style: inherit; font-family:
inherit; vertical-align: baseline; list-style: disc; outline:
0px;">
<li style="margin: 0px 0px 0px 20px; padding: 0px; border: 0px;
font-size: 14px !important; font-weight: inherit; font-style:
inherit; font-family: inherit; vertical-align: baseline;
outline: 0px;">payment of US$25,000 on or before March 28,
2017;</li>
<li style="margin: 0px 0px 0px 20px; padding: 0px; border: 0px;
font-size: 14px !important; font-weight: inherit; font-style:
inherit; font-family: inherit; vertical-align: baseline;
outline: 0px;">payment of US$25,000 and incurring C$250,000 of
expenditures by March 28, 2018;</li>
<li style="margin: 0px 0px 0px 20px; padding: 0px; border: 0px;
font-size: 14px !important; font-weight: inherit; font-style:
inherit; font-family: inherit; vertical-align: baseline;
outline: 0px;">payment of US$100,000 and incurring an
additional C$750,000 of expenditures by March 28, 2019; and</li>
<li style="margin: 0px 0px 0px 20px; padding: 0px; border: 0px;
font-size: 14px !important; font-weight: inherit; font-style:
inherit; font-family: inherit; vertical-align: baseline;
outline: 0px;">incurring an additional C$1,000,000 of
expenditures by March 28, 2020.</li>
</ul>
<p style="margin: 0px; padding: 5px 0px; border: 0px; font-size:
14px !important; font-weight: inherit; font-style: inherit;
font-family: inherit; vertical-align: baseline; outline: 0px;
line-height: 1.3;">Having earned a 50% interest, a joint venture
would be formed with the Property owner. Alternatively, a 100%
interest in the Property can be acquired for US$5,000,000, at
any time, of which one-half can be paid in shares.</p>
<p style="margin: 0px; padding: 5px 0px; border: 0px; font-size:
14px !important; font-weight: inherit; font-style: inherit;
font-family: inherit; vertical-align: baseline; outline: 0px;
line-height: 1.3;">As consideration for the assignment, Red Hut
will assume all obligations of the Assignors to the Property
owner, and has agreed to pay the following to the Assignors:</p>
<ol style="margin: 0px; padding: 0px; border: 0px; font-size:
16px; font-weight: inherit; font-style: inherit; font-family:
inherit; vertical-align: baseline; list-style: lower-alpha;
outline: 0px;">
<li style="margin: 0px 0px 0px 20px; padding: 0px; border: 0px;
font-size: 16px; font-weight: inherit; font-style: inherit;
font-family: inherit; vertical-align: baseline; outline: 0px;">Following
regulatory approval, Red Hut will make a cash payment
US$25,000 and issue 1,500,000 Red Hut shares to 0999940 BC
Ltd.;</li>
</ol>
<ol start="2" style="margin: 0px; padding: 0px; border: 0px;
font-size: 16px; font-weight: inherit; font-style: inherit;
font-family: inherit; vertical-align: baseline; list-style:
lower-alpha; outline: 0px;">
<li style="margin: 0px 0px 0px 20px; padding: 0px; border: 0px;
font-size: 16px; font-weight: inherit; font-style: inherit;
font-family: inherit; vertical-align: baseline; outline: 0px;">After
completing the recommended first year work program of at least
C$250,000, Red Hut will issue an additional 1,500,000 Red Hut
shares to 0999940 BC Ltd.;</li>
</ol>
<ol start="3" style="margin: 0px; padding: 0px; border: 0px;
font-size: 16px; font-weight: inherit; font-style: inherit;
font-family: inherit; vertical-align: baseline; list-style:
lower-alpha; outline: 0px;">
<li style="margin: 0px 0px 0px 20px; padding: 0px; border: 0px;
font-size: 16px; font-weight: inherit; font-style: inherit;
font-family: inherit; vertical-align: baseline; outline: 0px;">After
completing the recommended second year work program of at
least $750,000, Red Hut will issue an additional 1,500,000 Red
Hut shares to 0999940 BC Ltd.;</li>
</ol>
<ol start="4" style="margin: 0px; padding: 0px; border: 0px;
font-size: 16px; font-weight: inherit; font-style: inherit;
font-family: inherit; vertical-align: baseline; list-style:
lower-alpha; outline: 0px;">
<li style="margin: 0px 0px 0px 20px; padding: 0px; border: 0px;
font-size: 16px; font-weight: inherit; font-style: inherit;
font-family: inherit; vertical-align: baseline; outline: 0px;">In
the event that Red Hut elects to acquire the Property for US$5
million, Red Hut will issue an additional 1,500,000 Red Hut
shares to 0999940 BC Ltd.</li>
</ol>
<p style="margin: 0px; padding: 5px 0px; border: 0px; font-size:
14px !important; font-weight: inherit; font-style: inherit;
font-family: inherit; vertical-align: baseline; outline: 0px;
line-height: 1.3;">In either event, the Property owner will
retain a 2.5% net smelter returns royalty, of which 1.5% NSR can
be acquired for US$1,000,000 if the option to acquire a 100%
interest in the Property is exercised.</p>
<p style="margin: 0px; padding: 5px 0px; border: 0px; font-size:
14px !important; font-weight: inherit; font-style: inherit;
font-family: inherit; vertical-align: baseline; outline: 0px;
line-height: 1.3;">The Transaction was negotiated at arm's
length. The Transaction will constitute a reviewable transaction
under the policies of the TSX Venture Exchange (the "Exchange")
and as such, it will require approval of the Exchange. As no
change of control will result, Red Hut will not be required to
seek the approval of its shareholders.</p>
<p style="margin: 0px; padding: 5px 0px; border: 0px; font-size:
14px !important; font-weight: inherit; font-style: inherit;
font-family: inherit; vertical-align: baseline; outline: 0px;
line-height: 1.3;"><strong style="margin: 0px; padding: 0px;
border: 0px; font-size: 14px; font-weight: bold !important;
font-style: inherit; font-family: inherit; vertical-align:
baseline; outline: 0px;"><span style="margin: 0px; padding:
0px; border: 0px; font-size: 14px; font-weight: inherit;
font-style: inherit; font-family: inherit; vertical-align:
baseline; outline: 0px; text-decoration: underline;">Private
Placement</span></strong></p>
<p style="margin: 0px; padding: 5px 0px; border: 0px; font-size:
14px !important; font-weight: inherit; font-style: inherit;
font-family: inherit; vertical-align: baseline; outline: 0px;
line-height: 1.3;">In conjunction with the Transaction, Red Hut
will undertake, subject to the acceptance of the Exchange, a
private placement of at least $1,200,000 in gross proceeds (the
"Financing") through the issuance of at least 12 million units
(the "Units") at a price of $0.10 per Unit. Each Unit will be
comprised of one common share and one-quarter of one common
share purchase warrant ("Warrant"), with each whole Warrant
entitling the holder to purchase one common share of Red Hut at
a price of $0.25 per share for a period of one year. Red Hut
expects to pay finders' fees of not more than 7% (payable in Red
Hut shares), and 7% finder's warrants (with terms similar to the
Warrants).</p>
<p style="margin: 0px; padding: 5px 0px; border: 0px; font-size:
14px !important; font-weight: inherit; font-style: inherit;
font-family: inherit; vertical-align: baseline; outline: 0px;
line-height: 1.3;">The funds will be used to meet the cash
requirements of the Transaction and to undertake the recommended
work program for the Property.</p>
<p style="margin: 0px; padding: 5px 0px; border: 0px; font-size:
14px !important; font-weight: inherit; font-style: inherit;
font-family: inherit; vertical-align: baseline; outline: 0px;
line-height: 1.3;"><strong style="margin: 0px; padding: 0px;
border: 0px; font-size: 14px; font-weight: bold !important;
font-style: inherit; font-family: inherit; vertical-align:
baseline; outline: 0px;"><span style="margin: 0px; padding:
0px; border: 0px; font-size: 14px; font-weight: inherit;
font-style: inherit; font-family: inherit; vertical-align:
baseline; outline: 0px; text-decoration: underline;">Certain
Conditions to Transaction</span></strong></p>
<p style="margin: 0px; padding: 5px 0px; border: 0px; font-size:
14px !important; font-weight: inherit; font-style: inherit;
font-family: inherit; vertical-align: baseline; outline: 0px;
line-height: 1.3;">The completion of the Transaction will be
subject to the satisfaction of certain conditions, including:</p>
<ul style="margin: 0px; padding: 0px; border: 0px; font-size:
16px; font-weight: inherit; font-style: inherit; font-family:
inherit; vertical-align: baseline; list-style: disc; outline:
0px;">
<li style="margin: 0px 0px 0px 20px; padding: 0px; border: 0px;
font-size: 14px !important; font-weight: inherit; font-style:
inherit; font-family: inherit; vertical-align: baseline;
outline: 0px;">Red Hut completing the Financing; and</li>
<li style="margin: 0px 0px 0px 20px; padding: 0px; border: 0px;
font-size: 14px !important; font-weight: inherit; font-style:
inherit; font-family: inherit; vertical-align: baseline;
outline: 0px;">Receipt of Exchange approval of the Transaction
and the Financing.</li>
</ul>
<p style="margin: 0px; padding: 5px 0px; border: 0px; font-size:
14px !important; font-weight: inherit; font-style: inherit;
font-family: inherit; vertical-align: baseline; outline: 0px;
line-height: 1.3;"><strong style="margin: 0px; padding: 0px;
border: 0px; font-size: 14px; font-weight: bold !important;
font-style: inherit; font-family: inherit; vertical-align:
baseline; outline: 0px;"><span style="margin: 0px; padding:
0px; border: 0px; font-size: 14px; font-weight: inherit;
font-style: inherit; font-family: inherit; vertical-align:
baseline; outline: 0px; text-decoration: underline;">Other
Matters</span></strong></p>
<p style="margin: 0px; padding: 5px 0px; border: 0px; font-size:
14px !important; font-weight: inherit; font-style: inherit;
font-family: inherit; vertical-align: baseline; outline: 0px;
line-height: 1.3;">Subject to regulatory approval, a finder's
fee of 5% of the value of the Transaction is payable to Mackie
Research Capital Corporation of Vancouver, B.C. in the form of
Red Hut Shares.</p>
<p style="margin: 0px; padding: 5px 0px; border: 0px; font-size:
14px !important; font-weight: inherit; font-style: inherit;
font-family: inherit; vertical-align: baseline; outline: 0px;
line-height: 1.3;">This news release does not constitute an
offer of sale of any of the foregoing securities in the United
States. None of the foregoing securities have been and will not
be registered under the U.S. Securities Act of 1933, as amended
(the "1933 Act") or any applicable state securities laws and may
not be offered or sold in the United States or to, or for the
account or benefit of, U.S. persons (as defined in Regulation S
under the 1933 Act) or persons in the United States absent
registration or an applicable exemption from such registration
requirements. This news release does not constitute an offer to
sell or the solicitation of an offer to buy, nor will there be
any sale of the foregoing securities in any jurisdiction in
which such offer, solicitation or sale would be unlawful.</p>
<p style="margin: 0px; padding: 5px 0px; border: 0px; font-size:
14px !important; font-weight: inherit; font-style: inherit;
font-family: inherit; vertical-align: baseline; outline: 0px;
line-height: 1.3;"><strong style="margin: 0px; padding: 0px;
border: 0px; font-size: 14px; font-weight: bold !important;
font-style: inherit; font-family: inherit; vertical-align:
baseline; outline: 0px;">ON BEHALF OF THE BOARD</strong></p>
<p style="margin: 0px; padding: 5px 0px; border: 0px; font-size:
14px !important; font-weight: inherit; font-style: inherit;
font-family: inherit; vertical-align: baseline; outline: 0px;
line-height: 1.3;">Robert Eadie, President, Chief Executive
Officer and Director</p>
<p style="margin: 0px; padding: 5px 0px; border: 0px; font-size:
14px !important; font-weight: inherit; font-style: inherit;
font-family: inherit; vertical-align: baseline; outline: 0px;
line-height: 1.3;"><em style="margin: 0px; padding: 0px; border:
0px; font-size: 14px; font-weight: inherit; font-style: italic
!important; font-family: inherit; vertical-align: baseline;
outline: 0px;">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 release.</em></p>
<p style="margin: 0px; padding: 5px 0px; border: 0px; font-size:
14px !important; font-weight: inherit; font-style: inherit;
font-family: inherit; vertical-align: baseline; outline: 0px;
line-height: 1.3;"><strong style="margin: 0px; padding: 0px;
border: 0px; font-size: 14px; font-weight: bold !important;
font-style: inherit; font-family: inherit; vertical-align:
baseline; outline: 0px;">CAUTIONARY STATEMENT REGARDING
FORWARD-LOOKING INFORMATION</strong>: This news release
includes certain "forward-looking statements" under applicable
Canadian securities legislation. Forward-looking statements
include, but are not limited to, statements with respect to: the
terms and conditions of the proposed Transaction; the terms and
conditions of the proposed Financing; future work to be carried
on the Property; use of funds; and the business and operations
of Red Hut after the proposed transaction. Forward-looking
statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable, are subject to
known and unknown risks, uncertainties, and other factors which
may cause the actual results and future events to differ
materially from those expressed or implied by such
forward-looking statements. There is no assurance any of the
forward-looking statements will be completed as described
herein, or at all. Such factors include, but are not limited to:
general business, economic, competitive, political and social
uncertainties; operating and technical difficulties in
connection with mineral exploration and development activities,
lack of investor interest in the Financing; requirements for
additional capital; future prices of gold and precious metals;
changes in general economic conditions; accidents, delays or the
failure to receive board, shareholder or regulatory approvals,
including the required permits; results of current exploration
and testing; changes in laws, regulations and policies affecting
mining operations; and title disputes. 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. Red Hut
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new
information, future events or otherwise.</p>
</div>
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line-height: 30px; text-transform: uppercase; color:
rgb(239, 64, 53) !important;">CONTACT INFORMATION</h2>
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border: 0px; font-size: 14px; font-weight: inherit;
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vertical-align: baseline; outline: 0px;">Red Hut Metals
Inc.<br>
Robert Eadie<br>
1-604-602-4935<br>
1-604-602-4936 (FAX)<br>
<a href="mailto:info@redhutmetals.com" style="margin: 0px; padding: 0px; border: 0px; font-size: 14px;
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<a target="_blank" href="http://www.redhutmetals.com/" style="margin: 0px; padding: 0px; border: 0px;
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