December 20, 2013 15:30 ET
MDN Inc. and Tanzania Minerals Corp. Agree to Not Further Advance Ikungu Letter of Intent
MONTREAL, QUEBEC–(Marketwired – Dec. 20, 2013) – MDN Inc. (“MDN”) (TSX:MDN) announces that it and Tanzania Minerals Corp. (“TZM”) have mutually decided to not enter into a definitive agreement to jointly explore and develop the Ikungu gold project in Tanzania. As a result both parties have decided to let the Letter of intent dated October 15, 2013 expire.
MDN Inc. (TSX:MDN) is a mining exploration and development company with properties in Quebec and Tanzania. In Quebec, MDN holds a 72.5% interest in Crevier Minerals Inc., which owns an NI 43-101 niobium-tantalum resource that is presently undergoing a feasibility study.
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Forward-Looking Statements Other than statements of historical fact, all statements in this release that address events or developments that the Company expects to occur are forward-looking statements. Although the Company believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, including, but not limited to. Such statements are not guarantees of future performance, and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements are discussed in greater detail in the Company’s most recent Annual Information Form filed on SEDAR, which also provides additional general assumptions in connection with these statements. Investors and others who base themselves on the Company’s forward-looking statements should carefully consider the factors mentioned in the Annual Information Form as well as the uncertainties they represent and the risk they entail. The Company believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct, and as such, the forward-looking statements in this press release should not be unduly relied upon. These statements speak only as of the date of this press release
Claude Dufresne, Eng.
President and Chief Executive Officer
514 866-6500, Ext 221