New Hana Copper Mining Ltd. Terminates Its Option on the Musina Project
26.02.2013 | Marketwire
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/26/13 -- New Hana Copper Mining Ltd. (TSX VENTURE: HML) ("HML" or "New Hana") announces that in accordance with terms and conditions in Section 3.3 of the First Amending Agreement with BSC Resources Ltd., dated January 16, 2013, the Company has given written notice of its intention to terminate its option with BSC Resources Ltd., effective February 25, 2013. The original agreement, dated July 17, 2012 had granted New Hana an option to acquire up to a 100% interest in the Musina Copper Project located in Northeast South Africa.ABOUT NEW HANA:
New Hana Copper Mining Ltd. has an exploration stage project, "The Kuke Project", located in the center of the Kalahari Copper belt in Northwestern Botswana adjacent to and along strike to Hana Mining's ("Hana") Ghanzi Copper-Silver Project.
FORWARD-LOOKING STATEMENT:
Certain information contained in this news release, including information relating to New Hana's future financial or operating performance may be deemed "forward-looking". These statements relate to future events or future performance and reflect New Hana's expectation regarding future growth, results of operations, business prospects and opportunities of New Hana. These forward-looking statements also reflect New Hana's current internal projections, expectations or beliefs are based on information currently available to New Hana, respectively. In some cases forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "intend", "plan", "anticipate", "believe", "estimate", "projects", "potential", "schedule", "forecast", "budget" or the negative of those terms or other comparable terminology. Although New Hana believes that the forward-looking information contained in this new release is based on reasonable assumptions, readers cannot be assured that actual results will be consistent with such statements. Accordingly readers are cautioned against placing undue reliance on the forward-looking information. New Hana expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise, except in accordance with securities law.
Statements in this press release, other than purely historical information including statements referring to the Company's future plans and objectives or expected results, may include forward-looking statements based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.
Contacts:
New Hana Copper Mining Ltd.
Investor Relations
(604) 682-4262
info@newhanamining.com
www.newhanamining.com