(via TheNewswire)
Saskatoon, Saskatchewan - TheNewswire - April 28, 2020 - Aurex Energy Corp. ("Aurex" or the "Company" - (TSXV:AURX) reports that the option agreement (the "Agreement") on its Whiskey Flat Copper-Zinc Project in Nevada has been terminated pursuant to the terms of the Agreement.
As disclosed in news releases dated October 27, 2017 and February 21, 2018, the Company was earning in to a 50% working interest in the copper-zinc property located in Mineral County, Nevada.
Gary Billingsley, President says "Given today's commodity markets, and near to mid-term projections for natural gas and gold prices, the Company will continue to prioritize its natural gas project in Texas, and consider how best to advance its Cook Gold Project, located in Humboldt County, Nevada. Natural gas prices in the US have demonstrated stability in a time of chaotic oil markets, and gold prices are expected to continue exhibiting strength."
About Aurex Energy Corp.
Aurex Energy Corp. is a Canadian-based resource exploration and development company with its head office in Saskatoon, SK. Aurex is focused on the acquisition and development of a diversified portfolio of resource properties critical to current and future energy production. This includes natural gas for LNG, base metals, platinum group elements, strategic metals including cobalt, and gold.
AUREX ENERGY CORP. TRADES ON THE TSX VENTURE EXCHANGE UNDER THE SYMBOL "AURX".
For further information:
Aurex Energy Corp.
Gord Dent, Manager Investor Relations
Phone: 306-242-7363
Email: corp@aurexenergy.ca
To receive information by e-mail, visit www.aurexenergy.ca and click "Contact".
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.
CAUTION REGARDING FORWARD LOOKING STATEMENTS
Certain statements contained herein constitute forward-looking statements. Such forward-looking statements are subject to both known and unknown risks and uncertainties which may cause the actual results, performances or achievements of the Corporation to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. The forward-looking statements included in this press release are made as of the date of this release and except as required by law, the Corporation does not undertake any obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release may contain statements within the meaning of safe harbour provisions as defined under United States Securities Laws and Regulations. The above statements are based on the current expectations and beliefs of the management of Canadian Platinum and are subject to a number of risks and uncertainties that may cause the actual results to differ materially from those described above.
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