Vancouver, British Columbia--(Newsfile Corp. - October 23, 2013) - The exclusive 6 month option agreement between Columbus Energy Limited (TSXV: CEL) (The "Company") and Przedsiebiors Uslugt Gorniczych Greenway ("Greenway") has expired pursuant to the terms of the Agreement.
The Company is continuing to negotiate with Greenway over a possible extension, however, a new agreement would have to be negotiated. A new submission will be made to the TSX Venture Exchange if a new agreement is negotiated.
The Company is withdrawing the present submission to the TSX Venture Exchange and will request that the TSX Venture Exchange allow trading in the shares of the Company be re-instated for trading.
The Company is also negotiating an agreement with the geotechnical consulting company Przedsiebiorstwo Robot Geologiczno-Wiertniczych Sp z.o.o. ("PRGW") of Sosnowiec, Poland.
Under the terms being negotiated, PRGW will prepare the exploration application on behalf of Columbus Energy Limited for certain Coal prospects in Poland.
Neither the 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.
"Douglas Scheving"
Columbus Energy Limited
Director/Corporate Secretary
Contact Information:
Douglas Scheving
Phone (604) 684 7619
This news release includes certain "forward-looking statements". All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization, exploration results and future plans and objectives of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include market prices, exploitation and exploration results, availability of capital and financing, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment, timeliness of government approvals, unanticipated environmental impacts on operations and other exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements
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