VMC's exotic blue quartzite quarry is situated in the Municipality of
The first three blocks of the Company's exotic blue quartzite material, comprising 30 cubic meters, have been sold and a profits dividend has been successfully sent to
'Market demand for our exotic blue quartzite is developing very well. We have received advanced interest for regular purchases in the range of 150 to 200 cubic meters per month from a total of four separate buyers. We have now completed a first dividend payment back to
'VMC's exotic blue quartzite business is now providing cash flow. Operating cash flow enables us to restrict treasury share issuance as we unlock value from the Company's 100% owned
About
There are several gold occurrences on the
The
Contact:
Tel: (416) 525 6869
Email: cberlet@stakeholdergold.com
Forward Looking Information
This news release contains forward-looking information. All information, other than information of historical fact, constitute 'forward-looking statements' and includes any information that addresses activities, events, or developments that the Corporation believes, expects, or anticipates will or may occur in the future including the Corporation's strategy, plans or future financial or operating performance.
When used in this news release, the words 'estimate', 'project', 'anticipate', 'expect', 'intend', 'believe', 'hope', 'may' and similar expressions, as well as 'will', 'shall' and other indications of future tense, are intended to identify forward- looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation's annual financial statements, MD&A and other publicly filed documents.
The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.
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