Brossard, Quebec / TheNewswire / March 12th, 2018 - Nippon Dragon Resources Inc. (the "Company" or "Nippon") (TSX-V Symbol: NIP) is pleased to provide an update on its joint-venture partnership agreement with Val d'Or Resources LLC.
Mr. Michael Pilgrim, President of Val d'Or Resources LLC states, ''I have been updated this past weekend from our partners that the final contract from our attorneys is nearly completed for your review. We are very sorry that this process has taken longer than we all expected since we completed the Joint Venture Agreement and our due diligence this past fall. We expect that once the financing agreement is completed, the funds will be disbursed.''
Mr. Donald Brisebois, President and CEO of Nippon states, ''I am optimistic on the outcome as both Mike and I are working closely together to expedite the closing process in the earliest timeframe possible.''
Nippon is active in the exploration and the development of gold resources in Quebec. The Corporation holds a gold property with resources recognised in accordance with NI43-101 and also an exclusive license for the Thermal Fragmentation mining method.
The company's growth strategy is based on:
- The development of its gold deposits with the objective of producing revenue from its operations;
- Increasing the value of its mining assets by prioritizing the exploration targets; and
- The commercialisation and employment of its thermal fragmentation technology.
Le present communique est disponible en francais sur la page web de Ressources Nippon Dragon
John Stella, Investor relations (514) 718-7976 email@example.com
Donald Brisebois, President & CEO (450) 510-4442 firstname.lastname@example.org
Neither 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 release. This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration and production activities and events or developments that the Corporation expects, are forward looking statements. Although the Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.
Tel: (450) 510-4442 www.nippondragon.com