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June 4, 2008 |
Nevoro Inc. Provides Update on "Best Efforts" Private Placement |
TORONTO, ONTARIO--(Marketwire - June 4, 2008) -
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Nevoro Inc. (TSX:NVR) (the "Company") would like to provide an update on the "best efforts" private placement (the "Offering") previously announced by the Company in a press release dated April 28, 2008 and on May 28, 2008.
The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals including the approval of the Toronto Stock Exchange (the "TSX") and the approval of a majority of the Company's shareholders pursuant to section 607(g)(i) of the TSX Company Manual (with written evidence of such approval being provided to the TSX).
As previously announced, the Offering is expected to close on or about June 11, 2008, but in no event will the Offering close until after the completion of the Aurora Platinum Exploration Inc. (previously Aurora Metals (BVI) Limited) transaction announced by the Company, on April 17, 2008 (the "Aurora Transaction").
This news release does not constitute an offer to sell or a solicitation of an offer to buy 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 unless an exemption from such registration is available.
About Nevoro Inc.
Nevoro is a TSX-listed exploration and development company focused on the discovery of base and precious metals in the western USA. Nevoro intends to purchase Aurora Platinum Exploration Inc., (formerly Aurora Metals (BVI) Limited), and its Stillwater Project and Sheffield Resources Ltd., including the Moonlight Copper Project. Nevoro also holds 13 gold projects in Nevada and Idaho.
CAUTIONARY STATEMENT: All statements, other than historical fact, contained or incorporated by reference in this news release, including any information as to the completion of the corporate transactions described herein as well as the completion of the proposed financing and terms thereof, constitute "forward looking statements" within the meaning of certain securities laws, including the "safe harbor" provisions of the Securities Act (Ontario) and are based on expectations, estimates and projections as of the date of this news release. Such "forward looking statements", reflects management's current beliefs and is based on information currently available to management of Nevoro. In some cases, forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential", "continue", "intention" or the negative of these terms or other similar expressions concerning matters that are not historical facts. Forward-looking information involves significant risks and uncertainties. A number of factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking information including risks related to investments, conditions of capital markets, economic conditions, dependence on key personnel, interest rates, regulatory change and availability of future financing. These factors should not be considered exhaustive. In addition, in evaluating this information, investors should specifically consider various factors, including risk factors, which may cause actual events or results to differ materially from any forward-looking statement. In formulating forward-looking information herein, management has assumed that business and economic conditions affecting Nevoro will continue substantially in the ordinary course, including without limitation with respect to general levels of economic activity, regulations, taxes, interest rates and that there will be no material changes. Although the forward-looking information is based on what management of Nevoro considers to be reasonable assumptions based on information currently available to it, there can be no assurance that actual events or results will be consistent with this forward-looking information, and management's assumptions may prove to be incorrect. This forward-looking information is made as of the date of this press release, and Nevoro does not assume any obligation, except as required by law, to update or revise them to reflect new events or circumstances. Undue reliance should not be placed on forward-looking information. | |
CONTACT INFORMATION:
Nevoro Inc. William Schara President & CEO (416) 363-8238 ext. 224 Email: wschara@nevoro.com
or
Nevoro Inc. Steven Dawson Vice President, Corporate Development (416) 363-8238 ext. 222 Email: sdawson@nevoro.com Website: www.nevoro.com
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INDUSTRY: Manufacturing and Production - Mining and Metals | |
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