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NxGold Ltd., CA67076M1095

NxGold Ltd., CA67076M1095

02.12.2019 - 15:53:01

NxGold & Mega Uranium Propose NxGold Change of Business to Uranium-Focused Investment Issuer and Portfolio Acquisition from Mega Uranium

DGAP-News: NxGold Ltd.

/ Key word(s): Miscellaneous

NxGold & Mega Uranium Propose NxGold Change of Business to Uranium-Focused Investment Issuer and Portfolio Acquisition from Mega Uranium

02.12.2019 / 15:50

The issuer is solely responsible for the content of this announcement.

Richard Patricio, President & Chief Executive OfficerMega Uranium Ltd.Tel: +1 416 643 7630Email: info@megauranium.com

Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain statements contained in this news release constitute forward-looking statements within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, are forward-looking statements and include, without limitation, statements about the completion of the Transaction upon the proposed terms and the business, results and performance of the Company and Mega thereafter, and the expectations of the parties regarding the uranium industry and the creation of value for shareholders of both entities. Often, but not always, these forward looking statements can be identified by the use of words such as "estimate", "estimates", "estimated", "potential", "open", "future", "assumed", "projected", "used", "detailed", "has been", "gain", "upgraded", "offset", "limited", "contained", "reflecting", "containing", "remaining", "to be", "periodically", or statements that events, "could" or "should" occur or be achieved and similar expressions, including negative variations. Forward-looking Statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company or Mega to be materially different from any results, performance or achievements expressed or implied by forward-looking statements. Such uncertainties and factors include, among others, obtaining the requisite regulatory and shareholder approvals and otherwise satisfying the conditions required to complete the Transaction; changes in general economic conditions and financial and commodity markets and the uncertainty associated with the uranium industry in particular; the Company or any joint venture partner not having the financial ability to meet its exploration, development or investment goals; risks associated with investments in companies conducting such activities over which the Company has no control, the results of exploration and development activities, estimation of mineral resources and the geology, grade and continuity of mineral deposits; unanticipated costs and expenses; and such other risks detailed from time to time in the Company's or Mega's quarterly and annual filings with securities regulators and available under their profiles on SEDAR at www.sedar.com . Although the Company and Mega have attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are based on the assumptions, beliefs, expectations and opinions of management, including but not limited to: expectations regarding whether the approvals for the Transaction will be obtained; that the Company will identify and acquire suitable investments for the Company; that the Company's stated goals and planned exploration and development activities will be achieved; that there will be no material adverse change affecting the Company or its properties; and such other assumptions as set out herein. Forward-looking statements are made as of the date hereof and the Company and Mega disclaim any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/50281

Click on, or paste the following link into your web browser,to view the associated documents

http://www.newsfilecorp.com/release/50281 News Source: Newsfile

02.12.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: NxGold Ltd.

Canada ISIN: CA67076M1095 EQS News ID: 925961   End of News DGAP News Service

925961  02.12.2019 

@ dgap.de