VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/28/14 -- Allante Resources Ltd. (TSX VENTURE: ALL.H) (the "Company"), a Vancouver-based Capital Pool Company listed on the TSX Venture Exchange (the "Exchange") is pleased to announce that it has posted a Filing Statement dated March 28, 2014 on SEDAR (www.sedar.com) disclosing the details of its Qualifying Transaction ("QT") pursuant to which it will acquire mineral exploration company Allante Resources Inc. ("ARI"), and the concurrent brokered private placement financing (the "Financing").
The QT is scheduled to close on or about April 18, 2014 and remains subject to conditions including final Exchange acceptance and completion of the Financing, as described in the Filing Statement.
The Company also announces that it has completed its previously announced secured loan to ARI of $50,000, and that ARI and the Company have agreed to extend to May 30, 2014 the date by which the QT must be completed.
ON BEHALF OF THE BOARD
Joe DeVries, President and CEO
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.
Certain statements included herein with respect to the QT and the Financing are "forward-looking statements". Management cautions that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statements. Factors beyond the control of the Company could cause the actual results of operations, or the financial condition of the Company, to differ, including changes to financial and market conditions. Other risk factors are disclosed in the Filing Statement. The Company assumes no obligation to update forward-looking statements, other than as may be required by applicable law.
Contacts:
Allante Resources Ltd.
Joe DeVries
President and CEO
(604) 336-8616
(604) 718-2808 (FAX)
