|By Marketwired .||
|July 2, 2014 03:15 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/02/14 -- Glenmark Capital Corp. (TSX VENTURE:GLM) ("Glenmark" or "the Company") wishes to announce that it will be reevaluating all geological data accumulated over the past years on the Ford Lake uranium prospect to determine if further work is warranted. The Ford Lake prospect (approximately 6,350 hectares in size) is located in the Athabasca Basin, SK. Glenmark acquired an option to earn up to a 100% interest in the prospect over a four year period (see September 25, 2013 News Release, which release also details some of the previous work done on the prospect). If further work is recommended the Company intends to commence it in the 2014 work season.
As mentioned in its June 25th news release, Glenmark is reviewing additional projects with the view of possibly acquiring them, but that at the current time no agreements have been executed, and no assurance can be made that the company will execute an agreement in the future.
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 adequacy or accuracy of this release. Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements". Forward-looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.
Glenmark Capital Corp.
Richard W. Grayston