Southern Energy Corp press release
Armistice Resources Corp. corporate update
TSXV - TSX Venture Exchange · Natural Gas · Natural Gas Liquids · Oil · Canada
Issued and Outstanding common shares: 46,603,398
TORONTO, Aug. 23 /CNW/ - Armistice Resources Corp. (TSX: AZ) ("Armistice" or the "Corporation") is pleased to report that all of the company's cash is invested in Canadian Bankers Acceptance instruments rated at R1 - High (the highest rating). The Corporation has no exposure to asset backed commercial paper ("ABCP").
Underground drilling continues on the McGarry project. The company anticipates underground development leading to bulk sampling to begin in September.
Armistice is a Canadian exploration company that owns an advanced exploration underground gold project in North-eastern Ontario located on the prolific Larder Lake break. The McGarry project consists of 34 contiguous patented mining claims and licences of occupation totaling 484 hectares which adjoins the former producing Kerr Addison gold mine which produced in excess of 11 million ounces of gold.
ARMISTICE RESOURCES CORP.
"Todd J. Morgan"
Todd J. Morgan
President, CEO and Chairman of the Board