Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Deer Horn Discontinues Natural and Organic Business Segment

C.FTEL

Deer Horn Discontinues Natural and Organic Business Segment


Vancouver, British Columbia (FSCwire) - Deer Horn Capital Inc. (CSE: DHC) (the “Company” or “Deer Horn”), announces that the directors of Deer Horn Capital have decided it is in the best interest of the shareholders to cease operations of our Bodhi Natural Market store in Maple Ridge, B.C.  After 11 months of operation, the store has failed to reach anticipated sales levels.  As a result, Deer Horn Capital has had to continue to finance the store to the detriment of its own corporate cash requirements. The Company is not in a position to continue providing cash assistance to the Bodhi store.

With the interest in the junior mining sector increasing recently, the board of directors has decided to concentrate its efforts on advancing the Deer Horn mineral property located near Smithers, B.C.  The Deerhorn property was the subject of a positive Preliminary Economic Assessment report in 2013.

On behalf of the board of directors of

Deer Horn Capital Inc.

“Tyrone Docherty”                                                            

Tyrone Docherty

President and CEO

For further information please contact:

Primary Contact

Tyrone Docherty

President

Deer Horn Capital Inc.

(604) 789 5653

tyrone@deerhorncapital.ca

Neither the Canadian Securities Exchange nor its regulations services accepts responsibility

for the adequacy or accuracy of this release.

Forward-looking information

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements.  In particular, this news release contains forward-looking information regarding the shares for debt transaction. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. These assumptions include, but are not limited to: future costs and expenses being based on historical costs and expenses, adjusted for inflation; and market demand for, and market acceptance of, the shares for debt transaction.  In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control.  Readers should not place undue reliance on forward-looking statements.  Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.


To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/DeerHornPRMay172016_0.pdf
Source: Deer Horn Capital Inc. (CSE:DHC, OTC Pink:GODYF)

Maximum News Dissemination by FSCwire. http://www.fscwire.com

Copyright © 2016 Filing Services Canada Inc.





Get the latest news and updates from Stockhouse on social media

Follow STOCKHOUSE Today