Galileo Exploration Ltd. (TSX Venture Exchange: GXL) (the “Company”) is seeking approval from the TSX Venture Exchange to extend the term of certain warrants which would otherwise expire on November 12, 2017.
The Board of Directors has approved the extension of 758,000 warrants granted on November 12, 2015, with the original expiry date of November 12, 2017. Upon TSX Venture Exchange approval, the warrants will be extended to expire on November 12, 2018, with each warrant entitling the holder to purchase one common share of the Company at $0.10 per share.
ON BEHALF OF GALILEO EXPLORATION LTD.
Ronald A. Rieder CEO/President
Galileo Exploration Ltd.
407 - 325 Howe Street
Tel: (604) 629-1929
Fax: (604) 629-1930
This news release contains “forward-looking statements” within the meaning of Canadian securities legislation. These include, without limitation, statements with respect to: the strategic plans, timing and expectations for the Company’s exploration and drilling programs on the Majuba Hill property, geological interpretations, mineral estimates and sampling results. Such forward‑looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: the conditions in general economic and financial markets; availability of skilled labour; timing and amount of expenditures related to exploration and drilling programs; interpretations of mineral estimates; and effects of regulation by governmental agencies.
The actual results could differ materially from those anticipated in these forward-looking statements as a result of risk factors including: the timing and content of work programs; results of exploration activities; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project cost overruns or unanticipated costs and expenses; and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.
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 News Release.