Alliance Mining Reports on Bissett Gold Mine Camp Contract

March 15, 2021 5:58 PM EDT

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

VANCOUVER, BC / ACCESSWIRE / March 15, 2021 / Alliance Mining Corp. (TSXV:ALM) ("Alliance" or the "Company") reports that Tiberius Gold Corp. ("Tiberius"), a private company, is in breach of its obligations to the Company under a January 27, 2017 mineral property option agreement (the "Option Agreement"). The Option Agreement property comprises 14 mineral claims located in the Bissett gold camp in Manitoba (the "Property"). Despite Alliance having made all of the option payments to acquire 100 percent of the Property, Tiberius has failed to transfer the claims to Alliance. With its repeated requests to Tiberius failing to achieve any resolution to this matter, the Company has instructed its legal counsel to enforce aggressively its entitlement to the Property.

ON BEHALF OF THE BOARD

Chris Anderson
Director

FOR FURTHER INFORMATION PLEASE CONTACT:

Alliance Mining Corp.
(604) 488-3900

Investor Relations: 604-488-3900
E-mail:
ir@alliancemining.com

Forward-Looking Statement Cautions: This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, including statements relating to a breach of the Option Agreement (as defined above) and the Company legal action to enforce its entitlement to the Property. Although the Company believes that such statements are reasonable based on current circumstances, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts, and by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties, including the possibility the Company may not be successful in its legal action to enforce the performance of the Option Agreement.

There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company 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 or the policies of the TSX Venture Exchange. Readers are encouraged to review the Company's complete public disclosure record on SEDAR at www.sedar.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

SOURCE: Alliance Mining Corp.



View source version on accesswire.com:
https://www.accesswire.com/635648/Alliance-Mining-Reports-on-Bissett-Gold-Mine-Camp-Contract



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Accesswire, Press Releases

Related Entities

Definitive Agreement