Attached files
| file | filename |
|---|---|
| 8-K - CIBOLAN GOLD CORP. 8-K - Cibolan Gold Corp | cibolan_8k-17055.htm |
EXHIBIT 99.1
Cibolan Issues Update
RENO,
NV. January 20, 2016 --- Cibolan Gold Corporation (OTCPink:
CIBG): issued the following update:
On
January 16, 2016, the Mining Lease by and Independence Gold-Silver
Mines Inc. and General Gold Corporation a wholly owned subsidiary
of Cibolan Gold Corporation dated July 13, 2005 was terminated as a
result of nonpayment of advance minimum royalty payments required
under the agreement. The Company was given encouragement by
Independence Gold-Silver Mines, Inc. that a new lease could be
negotiated. It is now clear that will not be the case.
Bryson
Goodwin resigned as a member of the Board of Directors effective
October 1, 2015.
Shane
K. Dyer resigned as a member of the Board of Directors effective
February 15, 2016.
Walter
A. Marting, Jr. resigned as a member of the Board of Directors
effective June 7, 2016.
Larry
Max Bigler resigned as a member of the Board of Directors effective
July 22, 2016.
Notice Regarding Forward-Looking Statements. This
news release contains “forward-looking statements,” as
that term is defined in Section 27A of the United States Securities
Act of 1933, Section 21E of the Securities Exchange Act of 1934 and
in Canadian securities legislation. Statements in this press
release which are not purely historical are forward-looking
statements and include any statements regarding beliefs, plans,
expansions, recommendations, explanations, expectations, goals,
evaluations, findings or intentions regarding the future. These
forward-looking statements are made as of the date of this news
release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and
intentions contained in this press release are reasonable, there
can be no assurance that such beliefs, plans, expansions,
recommendations, explanations, expectations, goals, evaluations,
findings or intentions will prove to be accurate.