Parkside Resources Corp. Sells Its Interest in Mineral Option Agreement
17.08.2015 | Newsfile
Toronto, August 17, 2015 - Parkside Resources Corp. (NEX: PKS.H) ("Parkside", or the "Company") announces that it has sold its interest in the Purchase Option Agreement (see News Release dated August 20, 2014) for the Wiggle Creek and Savant Lake properties in the Patricia Mining Division in northwestern Ontario for a sale price of $42,500.Parkside's sale of its interest in the Purchase Option Agreement has been conditionally accepted by the TSX Venture Exchange. The Company's principal property continues to be its 60% interest in the Forester Lake Gold Property.
About Parkside Resources Corporation
Parkside is a Canadian-based mineral exploration company dedicated to building shareholder value through focused exploration, discovery, and development of high-quality precious and base metal projects. Parkside is presently advancing the Forester Lake Gold Property, located approximately 100 kms north of Pickle Lake, Ontario and roughly 35 kms southeast of Goldcorp's Musselwhite gold mine, which is a highly prospective gold-in-iron-formation property in northwestern Ontario. Exploration to date has returned significant assay results and there is potential for discovery of economic iron-formation-hosted gold mineralization. Incorporated in 2005, Parkside is a reporting issuer in the provinces of British Columbia and Alberta, the common shares of which are listed for trading on the NEX Exchange under the symbol PKS.H. Trading in the shares is currently suspended due to a cease trade order issued on February 3, 2015, for failure to file financial statements.
For further information, contact:
Richard Goldman, President
Tel: 416-452-0455
Email: rgoldman@parksideresources.com
Website: www.parksideresources.com
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.
Forward Looking and other Cautionary Information
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts that address exploration drilling, exploitation activities and other related events or developments are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and exploitation successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements.