Agave Silver Corp. Terminates Agreement with Hastings Highland Resources Limited for Option on Nickel-Copper Property and Provides Additional Updates
September 9, 2015
Vancouver, BC – September 9, 2015 – Agave Silver Corp. (TSX-V: AGV) (“Agave” or the “Company”) announces that it has terminated its agreement with Hastings Highland Resources Limited (“Hastings”) that provided for the exclusive option is to earn a 90% interest in Hastings’ Limerick Township nickel-copper property located in Ontario, Canada.
The engagement of an Ontario based investment banking firm to assist in the Company’s financing efforts have not yet returned any favourable results, however, conversations are ongoing and the Company will continue to pursue strategic alternatives.
The Company recently added to its land holdings by purchasing the Montezuma claims, a past producer, for consideration of $500. The claims are contiguous to the Company’s Kaslo silver-lead-zinc property in British Columbia.
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.
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words “believes,” “may,” “plans,” “will,” “anticipates,” “intends,” “could”, “estimates”, “expects”, “forecasts”, “projects” and similar expressions, and the negative of such expressions. Forward-looking information in this news release include statements about the Company’s financing efforts and the Ontario based investment banking firm engaged by the Company to assist with financing efforts; and additional land holdings and project development of the Company’s wholly owned silver-lead-zinc property at Kaslo’s Keen Creek in British Columbia. In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, regarding, among other things, the geological, metallurgical, engineering, financial and economic advice that the Company has received is reliable and is based upon practices and methodologies which are consistent with industry standards; stability in economic and market conditions; and the timely availability of permits and other governmental approvals. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies. In addition, there are known and unknown risk factors which could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein including: the Company may not be able to obtain additional financing on reasonable terms, or at all; the property at Kaslo’s Keen Creek in British Columbia may not contain any commercially viable mineral deposits, nor be of any benefit to the Company; conditions in the financial markets may deteriorate; and the Company may not be able to continue as a going concern.
A more complete discussion of the risks and uncertainties facing the Company is disclosed in the Company’s continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking.