Evolution Global Frontier Ventures Corp. signs LOIs with The WUD Syndicateand Evergreen Acquisitions Inc.
30.04.2021 | vom Unternehmen
Vancouver, April 30, 2021 – Evolution Global Frontier Ventures Corp. (CSE: EGFV, the “Company”, “EGFV” or “Issuer”)announces that it has signed two non-binding letters of intent (the "LOI(s)") the first LOI is with The WUD Syndicate to acquire a 100% Option on a property with gold-copper exploration targets located in north-central BC within the Quesnel Trough. This geologic belt is known to host several large-tonnage gold-copper, copper-molybdenum-silver, alkali-porphyry deposits and is often covered by thick layers of glacial till (overburden), with minimal exposed outcrops. The WUD property is located 110 kilometres north of Fort St. James and 215 km northwest of Prince George in central B.C. The property comprises mineral claims covering an area of 2,110 hectares. The southern end of the property is accessible by vehicle through forest service roads within three hours from Fort St. James. The property is located approximately 60 km northwest of the Mt. Milligan copper-gold mine currently operated by Centerra Gold Inc., and approximately 40 km southeast of the Kwanika and Stardust deposits being developed and explored by Northwest Copper Corp.In addition, an LOI has also been signed with Evergreen Acquisitions Inc. to explore acquisition opportunities in the southern hemisphere. Evergreen is a venture capital company focused in Latin America, targeting investments in a broad spectrum of sectors, which include mining/exploration, technologies and health care.
Terms of the LOIs agreement call for Evolution Global, WUD Syndicate and Evergreen Acquisitions to complete due diligence and any other required ancillary agreements to quickly arrive at a binding definitive agreement. Management will continue to provide future shareholder updates on material developments of the LOIs as required.
About Evolution Global Frontier Ventures Corp.
Evolution Global (formerly known as Ascension Exploration Inc.) is a mineral exploration company focused on the acquisition, exploration and development of gold properties. The company is based in Vancouver, B.C., and holds an option over the Pichogen property located in the center of Walls Township in Ontario.
Contact:
Evolution Global Frontier Ventures Corp.
Ron Miles, CEO
Email egfventures@gmail.com
Telephone: (604) 725-2255
Disclaimers
This news release contains forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The company disclaims any intention or obligation to revise or update such statements. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company’s Management’s Discussion and Analysis and other disclosure filings with Canadian securities regulatorswhich is posted on www.sedar.com. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. No regulatory authority accepts responsibility for the adequacy or accuracy of this release. The Company does not undertake to update this news release unless required by applicable law.