TORONTO, ONTARIO--(Marketwire
- Jan. 24, 2011) - High River Gold Mines Ltd. ("High River"
or the "Company") (TSX:HRG) is
pleased to announce that, at today's special meeting, its shareholders
authorized the directors to continue the Company from the federal
jurisdiction of Canada to the Yukon Territory. Subject to regulatory
approval, it is anticipated that the continuance will be completed in
February 2011.
About High River
High River is an unhedged gold company with
interests in producing mines and advanced exploration projects in
Russia and Burkina Faso. Two underground mines, Zun-Holba
and Irokinda, are situated in the Lake Baikal
region of Russia. Two open pit gold mines, Berezitovy
in Russia and Taparko-Bouroum in Burkina
Faso, are also in production. Finally, High River has two advanced
exploration projects with NI 43-101 compliant resource estimates, the Bissa gold project in Burkina Faso and 50% interest
in the Prognoz silver project in Russia.
FORWARD LOOKING INFORMATION
This release and subsequent oral statements made by and on behalf of
the Company may contain forward-looking statements. Forward-looking
information includes, but is not limited to, statements with respect to
mineral reserve and resource estimates; the ability to realize
estimated mineral reserves; recoveries, grades and annual production;
receipt of all necessary approvals; the parameters and assumptions
underlying the mineral resource and reserve estimates and the financial
analysis; and gold prices. Wherever possible, words such as
"intends", "expects", "scheduled",
"estimates", "anticipates", "believes",
and similar expressions or statements that certain actions, events or
results "may", "could", "would",
"might" or "will" be taken, occur or be achieved,
have been used to identify these forward-looking statements. Estimates
regarding mineral resources and reserves, as outlined above and in the
technical reports, have been based on knowledge of the Company
management and the knowledge and experience of third party experts.
Although the forward-looking statements contained in this release
reflect management's current beliefs based upon information currently
available to management and based upon what management believes to be
reasonable assumptions, High River cannot be certain that actual
results will be consistent with these forward-looking statements. A
number of factors could cause events and achievements to differ
materially from the results expressed or implied in the forward-looking
statements. These factors should be considered carefully and
prospective investors should not place undue reliance on the
forward-looking statements. Forward-looking statements necessarily
involve significant known and unknown risks, assumptions and
uncertainties that may cause High River's actual results, event,
prospects and opportunities to differ materially from those expressed
or implied by such forward-looking statements. Although High River has
attempted to identify important risks and factors that could cause
actual actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors and
risks that cause actions, events or results not to be anticipated,
estimated or intended, including those risk factors discussed in the
Company's 2009 Annual Information Form. There can be no assurance that
the forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, prospective investors
should not place undue reliance on forward- looking statements. Any
forward-looking statements are made as of the date of this release, and
High River assumes no obligation to update or revise them to reflect
new events or circumstances, unless otherwise required by law.
|