IMGL enters agreement to acquire LEAD-ZINC mine
Oct 30, 2017
OTC Disclosure News Service
October 29, 2017, Image International Group, Inc. (the “Company” or IMGL) (OTCQB: IMGL) has signed a letter of intent to acquire the Yangshuo Xingyan lead-zinc mine project in Guangxi, China. The Company expects to complete a sale purchase agreement by the end of November.
The Yangshuo Xingyan acquisition will include a parcel with a lead-zinc resource, mining equipment, tailings dam and various operational structures. The acquisition will provide IMGL with operating income and an environmental protection mine development model.
The Company plans to expand the current operation in 2018.
On behalf of the Board of Directors
“Hoi Ming Chan”
Hoi Ming Chan
About the Company
Image International Group, Inc. (“IMGL”) is focused on the acquisition of mineral assets in China.
This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing words such as “anticipate,” “seek,” intend,” “believe,” “estimate,” “expect,” “project,” “plan,” or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the future U.S. and global economies, the impact of competition, and the Company’s reliance on existing regulations regarding the use and development of cannabis-based drugs. Cannabis Science, Inc., does not undertake any duty nor does it intend to update the results of these forward-looking statements. Safe Harbor Statement. The Private Securities Litigation Reform Act of 1995 provides a ‘safe harbor’ for forward looking statements. Certain of the statements contained herein, which are not historical facts are forward looking statements with respect to events, the occurrence of which involved risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the company is detailed from time to time in the company’s reports filed with the Securities and Exchange Commission.
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