VANCOUVER, BC, Feb. 17, 2021 /CNW/ - Norden Crown Metals Corp.
("Norden Crown"
or the "Company") (TSXV: NOCR) (OTC: NOCRF)
(Frankfurt: 03E ) announces that
the Company has applied to extend the exercise period of a total of
17,060,934 share purchase warrants, all of which are exercisable at
$0.15 per share (collectively, the
"Warrants"). The Warrants were issued pursuant to a private
placement which closed February 20,
2019.
The Company proposes to extend the expiry date for all these
Warrants by one (1) additional year, and accordingly, the new
expiry date for the Warrants will be February 20, 2022.
All other terms and conditions of the Warrants remain unchanged.
The Warrant extension is subject to acceptance by the TSX Venture
Exchange.
About Norden Crown Metals Corp.
Norden Crown is a mineral exploration company
focused on the discovery of silver, zinc, copper, and gold deposits
in exceptional, historical mining project areas spanning
Sweden and Norway. The
Company aims to discover new economic mineral deposits in
historical mining districts that have seen little or no modern
exploration techniques. The Company is led by an experienced
management team and an accomplished technical team, with successful
track records in mineral discovery, mining development and
financing.
On behalf of Norden Crown Metals
Corp.
Patricio Varas, Executive Chairman
and CEO
Neither 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 Note Regarding Forward-Looking Statements
This news release contains certain statements that may be deemed
"forward–looking statements". Forward–looking statements are
statements that are not historical facts and are generally, but not
always, identified by the words "expects", "plans", "anticipates",
"believes", "intends", "estimates", "projects", "potential" and
similar expressions, or that events or conditions "will", "would",
"may", "could" or "should" occur. Forward-looking statements may
include, without limitation, statements relating to future outlook
and anticipated events, such as the acceptance by TSX Venture
Exchange of the application to extend the term of the Warrants.
Although Norden Crown believes the
expectations expressed in such forward–looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance, are subject to risks and uncertainties, and
actual results or realities may differ materially from those in the
forward–looking statements. Such material risks and
uncertainties include, but are not limited to, Norden Crown's ability to raise sufficient
capital to maintain its mineral tenures and concessions in good
standing, to explore and develop its projects, to repay its debt
and for general working capital purposes; changes in economic
conditions or financial markets; the ability of Norden Crown to obtain the necessary permits and
consents required to explore, drill and develop the projects and if
obtained, to obtain such permits and consents in a timely fashion
relative to Norden Crown plans and
business objectives for the projects; the general ability of
Norden Crown to drill test its
projects and find mineral resources; if any mineral resources are
discovered or acquired, the Company's ability to monetize any such
mineral resources; and changes in environmental and other laws or
regulations that could have an impact on the Company's operations.
Forward–looking statements are based on the reasonable beliefs,
estimates and opinions of Norden
Crown management on the date the statements are made. Except
as required by law, Norden Crown
undertakes no obligation to update these forward–looking statements
in the event that management's beliefs, estimates or opinions, or
other factors, should change.
SOURCE Norden Crown Metals Corp.