VANCOUVER, BC--(Marketwired - October 26, 2016) - Rogue Resources Inc. (TSX VENTURE: RRS)
- Files PEA For Silicon Ridge on SEDAR
- Annual General Meeting to held October 24, all motions passed
- Corporate Update Conference Call scheduled for Monday October 31st
Rogue Resources Inc. (TSX VENTURE: RRS) ("Rogue" or the "Company") is pleased report the filing on SEDAR of a Preliminary Economic Assessment report ("PEA") prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects for its 100% owned Silicon Ridge Project ("Project"), located approximately 42 kilometres ("km") north of Baie-Saint Paul, Québec, and 4 km northeast of Sitec's operating silica mine.
The PEA entitled "NI 43-101 Technical Report on the Silicon Ridge Preliminary Economic Assessment - Quebec, Canada" has an effective date of September 14, 2016 and supports the disclosure made by the Company in its September 14, 2016 news release (the "News Release") announcing the results of a preliminary PEA for it Silicon Ridge Project. There is no material difference in the PEA from the information disclosed in the News Release. The PEA is available for review under the Company's profile on SEDAR (www.sedar.com) and on the Company's website (www.rogueresources.ca).
Annual General Meeting
Rogue is also pleased to announce the results of its Annual General Meeting of Shareholders ("AGM") held Monday, October 24, 2016 in Toronto, Canada. Shareholders voted in favour of all items put forward by the Board of Directors and management. All five of the individuals nominated for the board of directors were elected, and shareholders also voted in favour of (i) appointing Morgan and Company LLP, as auditors of the Company for the ensuing year and authorizing directors to fix their remuneration; and (ii) approving and ratifying the Equity Incentive Plan.
Paul Davis, P.Geo., Technical Consultant to the Company since February 2016, a Qualified Person ("QP") as defined by National Instrument 43-101, who oversees the scientific and technical developments of the Company, has now accepted the position of Vice-President, Technical with Rogue, in addition to serving as a Director.
Corporate Update Conference Call
Rogue is pleased to announce a conference call with management to discuss the PEA results and the Rogue Plan for Silicon Ridge including achievements to date and what lies ahead. Rogue CEO Sean Samson and VP, Technical Paul Davis will give a corporate update followed by a brief question and answer period.
The call is scheduled to take place on Monday, October 31st at 12 noon Eastern (9am Pacific, 6pm in Western Europe) and dial-in numbers to access the conference call as well as a corporate presentation will be provided on our webpage, www.rogueresources.ca, on Monday October 31st.
A playback of the call will be available upon request.
About Rogue Resources Inc.
Rogue is a mining company focused on generating positive cash flow. Not tied to any metal, it looks at rock value and good grade deposits that can withstand all stages of the metal price cycle. The current focus is Quebec's Silicon Ridge Project. For more information visit www.rogueresources.ca.
On Behalf of Rogue Resources Inc.
President & CEO, Director
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 news release.
Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this release may constitute forward-looking statements. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company, and that actual results are consistent with management's expectations. These statements include, among others, statements with respect to development activities and their timing, resource estimates and potential mineralization, the PEA, including estimates of capital costs, anticipated internal rates of return, mine production, processing recoveries, mine life, estimated payback periods and net present values, plans to decide if the project and resources to be quarried. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors include, among others, those matters identified in its continuous disclosure filings, including its most recently filed MD&A, changes in regulatory environments, environmental compliance, operating and capital cost escalation, ability to raise project financing and silica pricing. Additional factors include delays in obtaining or inability to obtain required regulatory approvals, permits or financing, risk of unexpected variation in mineral resources, grade or recovery rates, processing plant failure, equipment or processes to operate as anticipated, of accidents, labour disputes, the risk that estimated costs will be higher than anticipated, the risk that the proposed mine plan and recoveries will not be achieved, equipment breakdowns, bad weather timing and success of development activities, mineral resources are not as estimated, title matters, third party consents, operating hazards, product prices, political and economic factors, competitive factors and general economic conditions. Should any of such assumptions prove to be incorrect or such risks become actual events, than the value of the Company's securities may decline. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.