Canada NewsWire
TORONTO, Oct. 2, 2017
TORONTO, Oct. 2, 2017 /CNW Telbec/ - Richmont Mines Inc.
(TSX: RIC) (NYSE: RIC) ("Richmont" or the "Corporation") confirms that it has closed the previously announced transaction with
Monarques Gold Corporation (TSXV: MQR) to acquire Richmont's Quebec based assets including the
Beaufor Mine, the Camflo Mill and the Wasamac development project as well as all other mineral claims, mining leases and mining
concessions located in the province of Quebec.
About Richmont Mines Inc.
Richmont Mines currently produces gold from the Island Gold Mine in Ontario, where it
is also advancing development of the significant high-grade resource extension at depth. With more than 35 years of experience in
gold production, exploration and development, and prudent financial management, the Corporation is well-positioned to
cost-effectively build its Canadian reserve base and to successfully enter its next phase of growth.
Forward-Looking Statements
This news release contains forward-looking statements that include risks and uncertainties. When used in this news
release, the words "estimate", "project", "anticipate", "expect", "intend", "believe", "hope", "may", "objective" and similar
expressions, as well as "will", "shall" and other indications of future tense, are intended to identify forward-looking
statements. The forward-looking statements are based on current expectations and apply only as of the date on which they were
made. Except as may be required by law or regulation, the Corporation undertakes no obligation and disclaims any responsibility
to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events
or otherwise.
The factors that could cause actual results to differ materially from those indicated in such forward-looking statements
include changes in the prevailing price of gold, the Canadian-United States exchange rate, grade of ore mined and unforeseen
difficulties in mining operations that could affect revenue and production costs. Other risks may be set out in Richmont Mines'
Annual Information Form, Annual Reports and periodic reports. The forward-looking information contained herein is made as of the
date of this news release.
SOURCE Richmont Mines
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