VANCOUVER, British Columbia, Nov. 24, 2017 (GLOBE NEWSWIRE) -- Squire Mining Ltd. (“Squire” or the “Company”) (CSE:SQR) announces that in an effort to increase its potential return on funds held in cash or other short term interest bearing securities, the board of directors has approved a change to the Company’s capital investment policies to permit management to make investments from time to time in other publicly traded companies that management believe offer potentially superior returns on investment. Potential investments may include, among other investments, private placements and/or market purchases in public companies listed in Canada and/or the United States and may involve investments across different sectors (i.e. mining, technology or otherwise).
The board of directors is currently developing a formal investment policy; however, it is anticipated that a maximum of 25% of the Company’s available cash on hand from time to time will be made available for this purpose.
The Canadian Securities Exchange accepts no responsibility for the adequacy or accuracy of this release.
For further information contact: Kevin R. Hanson, Chief Financial Officer Telephone: (604) 929-0900
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking information” under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to, the Company’s capital investment policy and the potential for superior returns on investments. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets and lack of available capital. There are no assurances that any investments made by the Company will generate a return on investment and could result in the loss of part or all of the Company’s invested capital. Actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
