North Thunder Bay Mining Co. Ltd.
North Thunder Bay Mining Eyes Expansion of Mayantoc Iron Ore Prospect
North Thunder Bay Mining Co. Ltd. / Key word(s): Miscellaneous North Thunder Bay Mining Eyes Expansion of Mayantoc Iron Ore Prospect Toronto, Canada – (For immediate release) – March 8, 2011 North Thunder Bay Mining Co. Deutsche Börse symbol: 84N (www.norththunderbay.com), is pleased to announce that it is close to signing an agreement to acquire an additional 150 hectares adjacent to its current Mayantoc prospect. The property is currently controlled by MSJ TreeFarm and Development Corp. (MSJ). The agreement will see North Thunder Bay Mining obtain the necessary permits and fund 100% of the costs of permits, exploration and development in exchange for a 3% royalty to MSJ from all of the proceeds of any sales of minerals from the property. This prospect will be known as the Soliman Prospect, after Carlito Soliman who is the administrator and treasurer of MSJ. Management believes that this additional acreage will show similar iron ore mineralization as the current Mayantoc prospect, and will add to the potential reserves and value of the iron ore play. Disclaimer & Safe Harbor Statement: This release may contain certain ‘forward-looking statements’ with respect to certain of North Thunder Bay Mining Co.’s plans, goals and expectations regarding its future financial condition, performance, results, strategy and objectives. Words such as ‘anticipates’, ‘expects’, ‘intends’, ‘plans’, ‘believes’, ‘seeks’, ‘estimates’, ‘may’, ‘could’, ‘would’, ‘might’, ‘will’ and variations of these words or similar expressions are intended to identify forward-looking statements. In addition, any statements that refer to expectations, beliefs, plans, projections, objections, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Forward-looking statements in this press release are not promises or guarantees of future performance and are subject to risks and uncertainties that could cause North Thunder Bay Mining Co.’s actual results to differ materially from those anticipated. North Thunder Bay Mining Co. cautions the reader not to place undue reliance upon any such forward-looking statements. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed herein as well as the following: (i) domestic and global economic and business conditions; (ii) market related risks and the performance of financial markets generally; (iii) the policies and actions of regulatory authorities; (iv) the impact of competitive factors; (v) risks and uncertainties associated with future acquisitions or combinations within relevant industries; and (vi) changes in capital, solvency or accounting standards as well as tax and other relevant legislation or regulations in the jurisdictions in which North Thunder Bay Mining Co. operates. The actual results that North Thunder Bay Mining Co. achieves may differ materially from any forward-looking statements which are based on management’s beliefs and opinions at the time the statements are made. North Thunder Bay Mining Co. does not undertake any obligation to update forward-looking statements should circumstances or management’s beliefs or opinions change.
North Thunder Bay Mining Co. End of Corporate News 09.03.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
114953 09.03.2011 |