Sunset Cove Mining Inc. Announces Settlement of Debts
08.08.2013 | Newsfile
Toronto, Ontario -- (Newsfile Corp. - August 8, 2013) - Sunset Cove Mining (TSXV: SSM) (BVL: SSM) announces the settlement of $85,595.75 of debts relating to a contact and to trade creditors by the issuance of 1,711,915 Common Shares of the Company at a value of $0.05/share.Sunset Cove Mining recently optioned the Lac Guéret West Property is 10,800 hectares in size and is road accessible and within the Grenville province of North-Eastern Quebec and is located roughly 300 km north of Baie Comeau and 660 km north of Montreal.
The Lac Guéret West Property is located in a highly prospective graphite zone, that promises to become one of the world's prime locations for high quality graphite. Other publically traded companies exploring close by include Mason Graphite, Berkwood Resources and Focus Graphite.
About Sunset Cove
Sunset Cove Mining Inc. is a dynamic Canadian junior mineral exploration and development company dedicated to driving shareholder value through the economical acquisition, exploration and development of strategic metals properties in proven locations, i.e. Canada and Peru, to the point where they become attractive joint venture or acquisition targets. Sunset Cove is exploring in both countries for graphite and silver.
Forward-Looking Statements
Some of the statements contained herein may be forward-looking statements that involve known and unknown risks and uncertainties. Results presented in this press release are exploratory in nature. Historical data, if mentioned, should not be relied upon, as they are not admissible under NI 43-101 rules and the Company has not conducted sufficient testing to verify this type of information. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward-looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward-looking statements: changes in the world-wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability, and the uncertainty of access to additional capital. Sunset Cove disclaims any obligation to update any such forward-looking statements.
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.
For further information, please contact:
Sunset Cove Mining Inc.
Lorne Woods, President, Sunset Cove Mining
(877) 234-0692; ext. 250
lwoods@sunsetcovemining.com
www.sunsetcovemining.com