Clarification From Young-Shannon Regarding MacMillan Gold Corp. Press Release.TORONTO -- Young-Shannon Gold Mines Limited, (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:GYS GYS Great Yorkshire Show ) ("Young-Shannon") makes references to its October 21, 2005 press release whereby it indicated that it would not be proceeding with its proposed option with MacMillan Gold Corp. ("MacMillan") pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. to the La Cucharas property in Nayarit State, Mexico. Young-Shannon is aware that MacMillan issued a press release on November 7, 2005 in relation to the termination of the proposed option. For clarity, Young-Shannon never signed an option agreement with MacMillan - it had signed a letter of intent with such company, all as described in Young-Shannon's original press release dated September 7, 2005. Young-Shannon disputes and disagrees with a number of factual statements in MacMillan's press release, but does not plan to use the vehicle of a press release to further comment on the termination of its proposed transaction with MacMillan. Young-Shannon Gold Mines, Limited is a precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. exploration company which holds a group of 11 patented and 19 unpatented claims within Chester Township Chester Township can refer to:
Timmins, with a population of 42,997 (2006), is a city in northeastern Ontario, Canada on the Mattagami River. At 2,961. . It also has an option to earn a 60 % interest in the McMillan Gold Mine property, located 75 kilometres southwest of the Greater City of Sudbury. With this offering completed the Company has 24,238,825 common shares outstanding and 29,274,324 shares on a fully diluted basis. The Company is listed on the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. under the symbol GYS. This press release contains certain forward-looking statements. While these forward-looking statements represent our best current judgment, they are subject to a variety of risks and uncertainties that are beyond the company's ability to control or predict and which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. No stock exchange, securities commission or other regulatory autho rity has approved or disapproved the information contained herein. Young-Shannon Gold Mines, Limited (TSX VENTURE:GYS) |
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