TORONTO, ONTARIO--(Marketwired - July 10, 2013) - Castle Resources Inc. (News - Market indicators) ("Castle" or the "Company") is pleased to announce that it has engaged KPMG Corporate Finance as financial advisor to identify, analyze and execute a transaction that will fast-track the development of the Granduc Copper Project, located in northwest British Columbia.
"We are excited to be teaming up with KPMG," stated Mr. Mike Sylvestre, President & CEO of Castle Resources. "Their global reach and proven expertise will be a strategic asset as we move forward with the redevelopment of the Granduc Copper Project. With a large, high-grade copper resource and robust PEA level economics, we believe the best course for Castle is to find a strategic partner."
Castle Resources has engaged KPMG with the primary objective of assisting in analyzing, marketing, negotiating and ultimately executing a transaction that will provide the financing to take the Granduc Copper Project through development and into production. The Company will consider a range of transaction structures, including a joint venture, off-take agreement, earn-in or some form of business amalgamation or merger.
KPMG's Global Metals and Mining Corporate Finance business has a strong track record in divestitures, mergers, acquisitions and financings with a deep understanding of the metals and mining sector worldwide.
About Castle Resources
Castle is a Toronto-based junior mineral development company focusing on high-quality, advanced projects. Management's goal is to continue the redevelopment of the 100% owned past producing Granduc Copper Mine in Stewart, B.C. For more information please visit the Castle Resources' website at www.castleresources.com.
Disclaimer
Certain statements contained in this news release may contain forward-looking information within the meaning of Canadian securities laws. Such forward-looking information is identified by words such as "estimates", "intends", "expects", "believes", "may", "will" and include, without limitation, statements regarding the company's plan of business operations (including plans for progressing assets), estimates regarding mineral resources, projections regarding mineralization and projected expenditures. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, risks inherent in the mining industry, financing risks, labour risks, uncertainty of mineral resource estimates, equipment and supply risks, title disputes, regulatory risks and environmental concerns. Most of these factors are outside the control of the company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
This news release does not constitute an offer to sell or solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to a U.S. Person unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
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.
