La Ronge Gold Corp.
TSX VENTURE : LAR

La Ronge Gold Corp.

October 29, 2014 10:00 ET

La Ronge Gold Announces Record Revenue and Frac Sand Sales for CanFrac Sands Corporation During 3Q 2014

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 29, 2014) - La Ronge Gold Corp. ("La Ronge" or the "Company") (TSX VENTURE:LAR) is pleased to announce that CanFrac Sands Corporation unaudited interim financial statements indicate 26,448.70 tonnes of frac sand sold and a net income of $357,840.67 on the total revenue of $1,431,138.36 for the period of Jul 01, 2014 to Sept 30, 2014 (3Q 2014). The Company has a 22% equity stake in CanFrac Sands Ltd.

"We are delighted to see the proppant demand in the North American frac sand market continuing to increase through 2H 2014 and anticipate ongoing strength throughout 2015," La Ronge President and CEO Rasool Mohammad commented. "Currently, we are also in the process of positioning the Company to take advantage of the Tier 1 frac sand demand in the US by advancing an Arkansas, U.S., frac sand project."

La Ronge's Annual General Meeting will be held on October 30, 2014. The Company plans to change its name to Select Sands Corporation at that time.

About La Ronge Gold Corp.

La Ronge is a Vancouver-based resource growth and development company. The Company has a 22% equity stake in CanFrac Sands Ltd. CanFrac Sands is a private company producing frac sand in the Western Canada Sedimentary Basin. The operation, located near Lloydminster, Saskatchewan, currently sells into the Canadian frac sand market. La Ronge recently announced that it has entered into a binding letter of agreement for an option to acquire a 100% undivided right, title and interest in an approximately 520-acre prospective Tier 1 frac sand property located in northeast Arkansas, USA. The Company also owns high-grade gold deposits in the La Ronge Gold Belt, northern Saskatchewan, and holds other gold projects located in Ontario and Saskatchewan.

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.

FORWARD-LOOKING INFORMATION

This News Release includes forward-looking information and statements, which may include, but are not limited to, information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company. Information and statements which are not purely historical fact are forward-looking statements. Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein. Although the Company believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Any forward-looking information and statements herein are made as of the date hereof, and except as required by applicable laws, the Company assumes no obligation and disclaims any intention to update or revise any forward-looking information and statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward-looking information and statements herein, whether as a result of new information, future events or results, or otherwise, except as required by applicable laws.

Contact Information

  • La Ronge Gold Corp.
    Rasool Mohammad, B.Sc. (Mining)
    President & CEO
    604 639-4533
    604 685-3765 (FAX)
    www.larongegold.com