DOT Pursues Alternate Financing Arrangements
06 April 2010 - 1:00PM
Marketwired
DOT Resources Ltd. (TSX VENTURE: DOT) ("DOT" or the "Corporation")
announces that further to its press releases dated March 26 and
February 18, 2010, the Corporation has not been able to complete
its previously announced proposed financing.
Accordingly, the Corporation is now pursuing other alternatives
with the intention of still attempting to raise capital funds which
will be used to continue the Corporation's exploration program on
the DOT property as well as for general working capital
requirements.
Terms of any future financing will be communicated once
finalized.
ABOUT DOT
DOT is a Canadian corporation currently focused on the
exploration and development of its copper property in central
British Columbia. The Corporation is planning to assess future
copper and copper-gold properties for exploration and development
opportunities throughout North and South America.
DOT shares trades on the TSX Venture exchange under the symbol
DOT. The Corporation's website can be accessed at
www.dotresourcesltd.com.
Forward-Looking Statements
Certain statements contained in this news release constitute
"forward-looking statements" as such term is used in applicable
Canadian and US securities laws. These statements relate to
analyses and other information that are based on forecasts of
future results, estimates of amounts not yet determinable and
assumptions of management. In particular, statements concerning
obtaining future financings and other factors or events described
in this news release should be reviewed as forward-looking
statements to the extent they involve estimates thereof.
Such forward looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Corporation to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Such risks
and other factors include, among others, general market conditions
and such other business risks as discussed herein and other
publicly filed disclosure documents. Although the Corporation has
attempted to identify important factors that could cause actual
events or results to differ materially from those described in
forward-looking statements, there may be factors that cause
actions, events or results not to be as anticipated, estimated of
intended. There can be no assurance that such statements will prove
to be accurate as actual results and future events could vary or
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements contained in this news release.
Forward-looking statements are made based on management's
beliefs, estimates and opinions on the date the statements are made
and the Corporation undertakes no obligation to update
forward-looking statements should these beliefs, estimates and
opinions or other circumstances change, except as required by
applicable law. Investors are cautioned that such forward-looking
statements involve risks and uncertainties. The forward-looking
statements contained herein are expressly qualified by this
cautionary statement.
Neither the TSX Venture Exchange Inc. nor its Regulation
Services Provider (as that term is defined in the Policies of the
TSX Venture Exchange Inc.) accepts responsibility for the adequacy
or accuracy of this release.
Contacts: DOT Resources Ltd. Ihor P. Wasylkiw Chief Information
Officer +1 (403) 264-2647 DOT Resources Ltd. Donald D. McKechnie
Chief Financial Officer +1 (403) 264-2647
www.dotresourcesltd.com
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