TORONTO, Nov. 3, 2004 (PRIMEZONE) -- On October 29, 2004 a majority of the Board of Directors of Osprey Gold Corp. (the 'Company') (OTCBB:OSGL) agreed to terminate the Letter of Engagement (the "Agreement") dated July 15, 2004 with CrediFinance ('CrediFinance').
Under the terms of the Agreement, CrediFinance was engaged to provide advisory services to the Company in relation to its capital structure and to provide services in relation to the placement of the Company's securities.
On November 2, 2004, the Company provided notice of the termination of the Agreement to CrediFinance, in accordance with the provisions of the Agreement.
This press release includes statements, which may constitute "forward-looking statements". These statements are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. These factors include, without limitation, future trends in mining prices, the availability of capital for development in the mining sector, competitive factors and other risks detailed in the Company's periodic filings with the Securities and Exchange Commission.