NMC Resource Explores Strategic Alternatives
28.10.2014 | Marketwire
VANCOUVER, October 28, 2014 - Further to the news release dated August 13, 2014, NMC Resource Corp. ("NMC Resource" or the "Company") announced that it is engaging in a strategic review process to explore alternatives for the enhancement of shareholder value. The Company engaged Deloitte Corporate Finance Inc. to assist with exploring all options. The strategic review process is ongoing and today, the Board of Directors has formed a Special Committee to review all strategic alternatives to the Company.Management and the Board of Directors are committed to acting in the best interests of the Company and its shareholders and believe the strategic review is in the best interests of the Company and its shareholders.
No decision has been made to enter into a transaction at this time and there can be no assurance that the Company will enter into a transaction in the future. The Company does not plan to disclose or comment on developments regarding the strategic review until further disclosure is deemed appropriate.
About NMC Resource Corporation
NMC Resource Corp. (TSX VENTURE: NRC) is a mining company with two molybdenum assets: NMC Moland in South Korea and Boss Mountain Mine ("Boss Mountain") in British Columbia, Canada. NMC Moland started commercial production in April 2010 and has been in production with improved production profile every year. Boss Mountain is a past molybdenum producer. The Company has an option agreement on Boss Mountain with Glencore Canada Corporation to earn 100% interest by spending 3 million Canadian dollars.
On behalf of the board of NMC Resource Corp.
Per: "Do Hyung Kim"
Do Hyung Kim; President, Chief Executive Officer and Director
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Forward-Looking Statements: This news release includes certain forward-looking information and forward-looking statements (collectively "Forward-Looking Statements") concerning the future performance of the Company's business, operations and financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Specifically, this news release includes Forward-Looking Statements regarding that that management believes the strategic review is in the best interests of the Company and its shareholders, there can be no assurance that the Company will enter into a transaction in the future and the Company does not plan to disclose or comment on developments regarding the strategic review until further disclosure is deemed appropriate. Forward-Looking Statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-Looking Statements are based on the current opinions and expectations of management. All Forward-Looking Statements are inherently uncertain and subject to a variety of risks and uncertainties, including the speculative nature of mineral exploration and development generally and specifically in respect of the interpretation of the geology, continuity, grade and size of mineral deposits, unanticipated operational or technical difficulties, fluctuating commodity prices, competitive risks and the availability of financing, changes in laws or regulations, changes in the financial markets and changes in general economic conditions, as described in more detail in our recent securities filings available at www.sedar.com. Such Forward-Looking Statements are based on a number of assumptions, including but not limited to the level and volatility of the price of molybdenum, the availability of financing, the accuracy of reserve and resource estimates and the assumptions on which those estimates are based and the ability to achieve and maintain certain operational efficiencies. Should one or more risks and uncertainties materialize or should any assumptions prove incorrect, then actual events or results may differ materially from those expressed or implied in the Forward-Looking Statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these Forward-Looking Statements, except as required by applicable law.
Contact
NMC Resource Corp.
Suite 1100 - 1111 Melville Street
Vancouver, BC Canada V6E 3V6
Tel: (604) 643-1730
Toll Free: (888) 617-5333
communications@nmcresource.com
www.nmcresource.com