(TheNewswire)
Brossard, Quebec / TheNewswire /
March 12 th , 2018 - Nippon Dragon Resources Inc. (the “Company”
or “Nippon”) (TSX-V Symbol: NIP) is pleased to provide an update on its joint-venture partnership agreement with Val
d’Or Resources LLC.
Mr. Michael Pilgrim, President of Val d’Or Resources LLC states, ‘‘I have been
updated this past weekend from our partners that the final contract from our attorneys is nearly completed for your review. We are
very sorry that this process has taken longer than we all expected since we completed the Joint Venture Agreement and our due
diligence this past fall. We expect that once the financing agreement is completed, the funds will be disbursed.’’
Mr. Donald Brisebois, President and CEO of Nippon states, ‘‘I am optimistic on
the outcome as both Mike and I are working closely together to expedite the closing process in the earliest timeframe
possible.’’
Additional information, when warranted, will be made public in a timely
manner.
About Nippon
Nippon is active in the exploration and the development of gold resources in Quebec. The Corporation holds a
gold property with resources recognised in accordance with NI43-101 and also an exclusive license for the Thermal Fragmentation
mining method.
The company’s growth strategy is based on:
-
- The development of its gold deposits with the objective of producing revenue from its
operations;
- Increasing the value of its mining assets by prioritizing the exploration targets;
and
- The commercialisation and employment of its thermal fragmentation technology.
Le présent communiqué est disponible en français sur la page web de Ressources Nippon Dragon
For additional information:
John Stella, Investor relations (514) 718-7976
jstella@nippondragon.com
Donald Brisebois, President & CEO (450) 510-4442 dbrisebois@nippondragon.com
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. This press
release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than
statements of historical facts, that address future exploration drilling, exploration and production activities and events or
developments that the Corporation expects, are forward looking statements. Although the Corporation believes the expectations
expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could
cause actual results to differ materially from those in forward looking statements include market prices, exploitation and
exploration successes, continued availability of capital and financing, and general economic, market or business
conditions.
Ressources Nippon Dragon Resources Inc. 7055 Taschereau Blvd., suite
500, Brossard (Quebec) J4Z 1A7
Tel: (450) 510-4442
www.nippondragon.com
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