TORONTO, ONTARIO--(Marketwired - Oct. 14, 2016) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
Sandy Lake Gold Inc. ("SDL") (TSX VENTURE:SDL) announces that it has been notified by GPM Metals Inc. as the named respondent, of its response to Goldeye Explorations Limited Notice to Demand for Arbitration (dated September 14, 2016) in connection with the Weebigee Project, Big Sandy Claims and Weebigee Extension Project.
The Weebigee project rights held by GPM Metals Inc pursuant to the Goldeye Exploration Option Agreement were acquired by Sandy Lake Gold Inc. as previously announced on July 21, 2016, available on www.sedar.com.
Neither the 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 and / or accuracy of this release.
Forward Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of GPM, including, but not limited to the failure to complete the Offering as currently proposed or at all, the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, dependence upon regulatory approvals, changes in the proposed use of proceeds of the Offering and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.