Vancouver, BC, Feb. 07, 2024 (GLOBE NEWSWIRE) — Bessor Minerals Inc. (NEX:BST.H) (“Bessor“) is pleased to announce that the TSX Venture Exchange (the “TSXV“) has granted final acceptance regarding the application for graduation from the NEX to Tier 2 of the TSXV (the ”Reactivation“). Effective Friday, February 9, 2024, trading in Bessor’s common shares will commence on the TSXV under the trading symbol “BST.V”.
Jason Riley, President and Chief Executive Officer of Bessor commented, “the graduation of our shares to the TSXV will allow greater access for investors at an important time in Bessor’s long term plans. With enhanced visibility and access to the market, we are in a position to continue and to expand our exploratory work at the Redhill project, located south of Cache Creek, British Columbia, as well as to evaluate potential future transactions.”
Following the completion of the Reactivation, the directors of Bessor are Kieran Downes, Ronald McMillan, Jason Riley, Vic Jang and Arif Merali. Jason Riley is the President an Chief Executive Officer of Bessor, and Jeanie Yu is the Chief Financial Officer. The total issued and outstanding common shares of Bessor following the Reactivation will be 26,285,623.
ABOUT THE REDHILL PROJECT
The Redhill project consists of 15 mineral claims located south of Cache Creek in British Columbia (the “Redhill Project”). Pursuant to an option agreement originally dated July 15, 2015, and as amended on July 30, 2019, September 15, 2020, September 22, 2022 and September 20, 2023, Bessor may acquire interests in the Redhill Project through the completion of exploratory work, subject to a net smelter royalty to be retained by the optionor.
On January 23, 2023, Bessor reported results of diamond drilling at the Redhill Project, including the intersection of significant volcanogenic massive sulphide (VMS) mineralization. Bessor anticipates completing a drill program at the Redhill Project in 2024, consisting of various holes to test for extensions to the VMS mineralization, as well as holes to test anomalous gold-in-till anomalies, and to test electromagnetic responses.
BESSOR MINERALS INC.
President, CEO & Director
For further information, contact:
Email: [email protected]
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.
This news release contains certain forward-looking information. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. In particular, this news release contains forward-looking information in relation to: the Reactivation, including, the completion of the Reactivation, the proposed drill program at the Redhill Project and potential future transactions; and the ability of Bessor to acquire interests in the Redhill Project. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. This forward-looking information reflects Bessor’s current beliefs and is based on information currently available to Bessor and on assumptions Bessor believes are reasonable. These assumptions include, but are not limited to: the current share price of Bessor’s common shares; Bessor’s current and initial understanding and analysis of its projects; Bessor’s general and administrative costs remaining constant; market acceptance of Bessor’s business model, goals and approach; the availability of potential acquisitions and prices acceptable to Bessor; and the feasibility and reasonableness of conducting exploration on and developing any of Bessor’s projects. Forward-looking information is subject to known and unknown risks, uncertainties and other factors which may cause the actual results, level of activity, performance or achievements of Bessor to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: there is no certainty that the ongoing work programs will result in significant or successful exploration and development of Bessor’s properties; uncertainty as to the actual results of exploration and development or operational activities; uncertainty as to the availability and terms of future financing on acceptable terms; uncertainty as to timely availability of permits and other governmental approvals; Bessor may not be able to comply with its ongoing obligations regarding its properties; the early stage development of Bessor and its projects; general business, economic, competitive, political and social uncertainties; capital market conditions and market prices for securities, junior market securities and mining exploration company securities; commodity prices; the actual results of current exploration and development or operational activities; competition; changes in project parameters as plans continue to be refined; accidents and other risks inherent in the mining industry; lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation or income tax legislation, affecting Bessor; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals. A description of additional risk factors which may cause actual results to differ materially from forward-looking information can be found in Bessor’s disclosure documents on the SEDAR+ website at www.sedarplus.com. Although Bessor has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. Bessor does not undertake to update any forward-looking information except in accordance with applicable securities laws.
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