Sojourn Ventures Inc. Announces Filing of Filing Statement and Technical Report for Proposed Qualifying Transaction
Suite 760 - 777 Hornby Street Vancouver, British Columbia V6Z 1S4
SOJOURN VENTURES INC. ANNOUNCES FILING OF FILING STATEMENT AND TECHNICAL REPORT FOR PROPOSED QUALIFYING TRANSACTION
July 25, 2013
TSX Venture Exchange Trading Symbol: SOJ.V
Sojourn Ventures Inc. ("Sojourn"), a capital pool company pursuant to Policy 2.4 of the TSX Venture Exchange (the "TSX-V"), is pleased to provide this update regarding its proposed qualifying transaction (the "Qualifying Transaction"), which was announced in a news release on April 24, 2013, whereby Sojourn has been granted an option to acquire a 100% interest in the Tahsis Property (the "Property") consisting of 25 claims totaling 10,358 hectares, located on northern Vancouver Island, British Columbia.
Sojourn has now received conditional acceptance of the Qualifying Transaction from the TSX-V. A filing statement dated July 25, 2013 regarding the Qualifying Transaction has been filed on Sojourn's SEDAR profile at www.sedar.com.
Sojourn also filed on SEDAR a National Instrument 43-101 ("NI 43-101") compliant technical report with respect to the Property entitled "Technical Report on the Geology of the Tahsis Property" authored by Warren Robb, P.Geo. and dated April 24, 2013. Mr. Robb is a "qualified person" as defined in NI 43-101 and is independent of Sojourn.
Closing of the Qualifying Transaction is subject to certain conditions, including the final acceptance of the TSX-V. The closing is expected to take place on or about July 29, 2013 or such other date as determined by Sojourn. Trading of the shares of the Resulting Issuer (as defined in TSX-V Policy 1.1) is expected to commence two (2) business days after the Closing. There can be no assurance that the Qualifying Transaction will be completed as proposed or at all.
On behalf of the Board of Directors,
"Joel Dumaresq"
Joel Dumaresq President, Chief Executive Officer and Director
For further information please contact:
Joel Dumaresq Telephone: (604) 64813506 Fax: (604) 60219699 Email: [email protected]
- 2 -
This news release contains statements about Sojourn's expectations regarding the Qualifying Transaction that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties. Although Sojourn believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include failure to complete the Qualifying Transaction. The forward-looking statements contained in this news release are made as of the date hereof, and Sojourn undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law.
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 accuracy or adequacy of this release.