KIRKLAND LAKE, ONTARIO--(Marketwired - Sept. 26, 2013) - Mistango River Resources Inc. (CNSX:MIS) ("Mistango") announced today that, further to its press releases dated September 3 and September 19, 2013, it has completed the sale of its 2% net smelter return royalty (the "Royalty") on Kirkland Lake Gold Inc.'s HM Property to Premier Royalty Inc. ("Premier"), pursuant to a royalty purchase agreement (the "Agreement").
In consideration for the sale of the Royalty to Premier, Mistango shall receive a cash payment of $1,250,000 CDN and shall be issued 100,000 common shares of Premier (the "Consideration"). Such Consideration has been placed in escrow, to be released to Mistango upon certification of the registration of the assignment agreement by the Land Registry Office for the Land Titles Division of Temiskaming (No. 54) (the "Registry Office") in accordance with the Agreement.
This news release contains certain "forward-looking information". All statements, other than statements of historical fact, that address activities, events or developments that Mistango believes, expects or anticipates will or may occur in the future including, without limitation, statements relating to the certification of the registration of the assignment agreement by the Registry Office and the release of the Consideration from escrow. These forward-looking statements reflect the current expectations or beliefs of Mistango based on information currently available to Mistango. Forward-looking statements are subject to a number of significant risks and uncertainties and other factors that may cause the actual results of Mistango to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on Mistango. Factors that would cause actual results or events to differ materially from current expectations include, but are not limited to, the failure of the Registry office to certify the registration of the assignment agreement.
Any forward-looking statement speaks only as at the date on which it is made and, except as may be required by applicable securities laws, Mistango disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although Mistango believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.