(TheNewswire)
Calgary, AB - TheNewswire - January 13, 2023 - Whitemud Resources Inc. (“Whitemud” or the “Company”) (TSXV:WMK) announces that, further to its December 23, 2022 press release, Kasten Energy Inc. has commenced an action against the Company in the King’s Bench of Alberta, seeking judgment in the amount of $1,139,561 and certain additional amounts, including additional damages in the amount of $113,000. Whitemud intends to file a statement of defence.
About Whitemud Resources Inc.
Whitemud is a Canadian-based corporation holding mineral rights to exploit a large kaolin deposit in southern Saskatchewan, together with a processing facility located on the property. Whitemud’s product, Whitemud (MK) is a cement-grade metakaolin that enhances the performance of cement for oil and gas wells and construction applications. The Company uses a process that minimizes environmental impact. Midstream Energy Partners, a division of Whitemud Resources Inc. formed in 2015, engages in the business of commodity marketing and logistics.
For further information, please contact:
Whitemud Resources Inc.
Suite 900, 332 - 6th Avenue SW
Calgary, Alberta T2P 0B2
Attention: Stan Owerko: 403-200-5253
Reader Advisory
This news release contains a forward-looking statement, within the meaning of applicable securities legislation, concerning Whitemud’s business and affairs. In certain cases, forward-looking statements can be identified by words such as “intends” or “potential”, or variations of such words and phrases, or words and phrases which state that certain actions, events or results “may”, “could” or “might” be achieved. Such statements involve known and unknown risks and uncertainties that may cause actual results or events to differ materially from those anticipated. Although Whitemud believes these statements to be reasonable, no assurance can be given that these expectations will prove to be correct and they should not be unduly relied upon. The statement that Whitemud intends to file a statement of defence represents Whitemud’s expectations as of the date hereof, and is subject to change. Whitemud disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as may be required by applicable securities regulations.
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.
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