Las Vegas, Nevada–(Newsfile Corp. – November 27, 2017) – American Paramount Gold Corp. (OTC Pink: APGA) (“American Paramount”) announced today the execution of a Letter of Intent (LOI) with Indigenous Roots Corp. (“Indigenous Roots”) to acquire 100% of the issued and outstanding shares of Indigenous Roots in exchange for 22 million common shares of APGA.
Indigenous Roots is a privately held British Columbia corporation which is in the process of developing fully licensed medical marijuana grow facilities in Canada.
The agreed closing date of a Definitive Agreement is on or before December 31, 2017.
Statements made in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, but not limited to, the amount and use of proceeds the Company expects to receive from the sale of the shares of common stock in the registered direct offering and the warrants and the closing of the transaction described in this press release, which is subject to customary conditions. Forward-looking statements can be identified by the use of words such as “may,” “will,” “plan,” “should,” “expect,” “anticipate,” “estimate,” “continue,” or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate, and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading “Forward-Looking Statements” and “Risk Factors” in the Company’s Annual Report on Form 10-K, dated August 31, 2016 and the most recent Quarterly Report on Form 10-Q, dated May 31, 2017. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise.
Ron W. Loudoun, CEO