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REG - Regulus Resources Inc News Story

C$0.81 -0.0  -4.7%

Last Trade - 19/04/21

Basic Materials
Micro Cap
Market Cap £48.3m
Enterprise Value £39.1m
Revenue £n/a
Position in Universe 936th / 2711

Regulus Closes Transaction with Osisko Gold Royalties

Wed 2nd December, 2020 12:00pm
For best results when printing this announcement, please click on link below:

VANCOUVER, British Columbia, Dec. 02, 2020 (GLOBE NEWSWIRE) -- Regulus
Resources Inc. ("Regulus" or the "Company", TSX-V: REG, OTCQX: RGLSF) is
pleased to announce the closing of the previously announced strategic
partnership with Osisko Gold Royalties. Details of the transaction can be
found in the Company’s October 1, 2020 press release. The transaction adds
US$12.5 M (C$16.6 M) to the Company’s treasury, which will be used to fund
exploration and development activities at the Company’s AntaKori project,
and for working capital and general corporate purposes.

(signed) “John Black” 
John Black
CEO and Director

For further information, please contact:

Regulus Resources Inc. 
Laura Brangwin
Investor Relations Manager
Phone: +1 646 583-1404 

About Regulus Resources Inc. and the AntaKori Project

Regulus Resources Inc. is an international mineral exploration company run by
an experienced technical and management team. The principal project held by
Regulus is the AntaKori copper-gold-silver project in northern Peru. The
AntaKori project currently hosts a resource with indicated mineral resources
of 250 million tonnes with a grade of 0.48 % Cu, 0.29 g/t Au and 7.5 g/t Ag
and inferred mineral resources of 267 million tonnes with a grade of 0.41 %
Cu, 0.26 g/t Au, and 7.8 g/t Ag (see press release dated March 1, 2019).
Mineralization remains open in most directions.

For further information on Regulus Resources Inc., please consult our website

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

Forward Looking Information

Certain statements regarding Regulus, including management's assessment of
future plans and operations, may constitute forward-looking statements under
applicable securities laws and necessarily involve known and unknown risks and
uncertainties, most of which are beyond Regulus' control. Often, but not
always, forward-looking statements or information can be identified by the use
of words such as "plans", "expects" or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate" or "believes" or variations of such words and phrases or
statements that certain actions, events or results "may", "could", "would",
"might" or "will" be taken, occur or be achieved.

Specifically, and without limitation, all statements included in this press
release that address activities, events or developments that Regulus expects
or anticipates will or may occur in the future, including the proposed
exploration and development of the AntaKori project described herein, the
completion of the anticipated drilling program, the completion of an updated
NI 43-101 resource estimate and management's assessment of future plans and
operations and statements with respect to the completion of the anticipated
exploration and development programs, may constitute forward-looking
statements under applicable securities laws and necessarily involve known and
unknown risks and uncertainties, most of which are beyond Regulus' control.
These risks may cause actual financial and operating results, performance,
levels of activity and achievements to differ materially from those expressed
in, or implied by, such forward-looking statements. Although Regulus believes
that the expectations represented in such forward-looking statements are
reasonable, there can be no assurance that such expectations will prove to be
correct. The forward looking statements contained in this press release are
made as of the date hereof and Regulus does not undertake any obligation to
publicly update or revise any forward-looking statements or information,
whether as a result of new information, future events or otherwise, unless so
required by applicable securities law.


GlobeNewswire, Inc. 2020
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