Freyja Resources Inc.
TSX VENTURE : FRA

September 30, 2013 11:57 ET

Freyja Resources Inc. Provides Update to Offer to Acquire Shares of Cyprium Mining Corporation

MONTREAL, QUEBEC--(Marketwired - Sept. 30, 2013) - Freyja Resources Inc. (TSX VENTURE:FRA) ("Freyja" or the "Corporation") is pleased to announce that, pursuant to the terms of the Corporation's offer (the "Offer") to purchase all of the issued and outstanding common shares (the "Cyprium Shares") in the capital of Cyprium Mining Corporation ("Cyprium"), Freyja has elected to postpone the take-up and payment date for the Cyprium Shares until October 15, 2013 or such earlier date as the Corporation may determine. For further details regarding the Offer, please see Freyja's press releases dated June 18, 2013, August 1, 2013, August 9, 2013, September 9, 2013 and September 18, 2013.

Freyja is working together with Cyprium to fulfil the remaining conditions of the TSX Venture Exchange in order to close the Offer which remains subject to the receipt of the final approval of the TSX Venture Exchange.

About Freyja

Freyja is a mining exploration company listed on the TSX Venture Exchange under the symbol "FRA".

About Cyprium

Cyprium is a private mineral exploration company which targets the acquisition and generation of mining projects located solely in Northern Mexico that have a high-potential for profitable precious and base metal open pit production. Cyprium is committed to maximizing shareholder value by strategically ensuring efficient and profitable production and focusing on a hybrid exploration/production business model. Cyprium prioritizes projects accessible by well-maintained roads and / or railroad systems. Upon completion of a conclusive exploration campaign, Cyprium's focus is to rapidly establish an economical production and maximize the project potential by funding further exploration through cash generated by production, thus limiting shareholder dilution.

Neither TSX Venture nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.

The securities of Freyja being offered have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Neither Freyja nor Cyprium will update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Freyja.

Contact Information

  • Freyja Resources Inc.
    Robert Ayotte
    President and Chief Executive Officer
    (450) 441-9177

    Cyprium Mining Corporation
    Alain Lambert
    Chairman
    (514) 219-7988