TORONTO, Jan. 17, 2019 (GLOBE NEWSWIRE) -- NSR Resources Inc. (“NSR” or the “Company”) is pleased to provide the following update on a recent corporate event.
Dissolution of Rand Malartic Mines Limited
At a special meeting of the shareholders of Rand Malartic Mines Limited (“Rand”) held on December 21, 2018, a resolution approving the dissolution of Rand was approved. The dissolution became effective on December 31, 2018. Rand was a private company incorporated on March 25, 1937 pursuant to the Quebec Mining Companies Act, which was involved in the evaluation, acquisition and exploration of gold properties in Canada. NSR owned 94.6% of the issued and outstanding common shares of Rand prior to its dissolution.
The only asset held by Rand prior to its dissolution was a 50% interest in 13 mining claims in Fourniere Township, Quebec (the “Rand Property”). The other 50% interest in the Rand Property was held by NSR.
On behalf of the board of directors of NSR Resources Inc.
For further information, please contact Carmelo Marrelli, Director, +1 416-361-0737
Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based on are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.