BUCHANS WILEYS ACQUIRES 195,000 COMMON SHARES IN GANDER EXPLORATION IN LIEU OF DEBT SETTLEMENT
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Toronto, Ontario, March 28, 2019– Buchans Wileys Exploration Inc. (“Buchans Wileys” or “the Company”) announces that the Company has agreed to settle a of $1,950 owed by Gander Exploration Inc. (“Gander”), a mineral exploration company, in stock. Gander will issue 195,000 common shares to the Company at the price of CAD$0.01 per share. Upon closing of the transaction, the Company will own 2.6% of Gander.
About Buchans Wileys
Buchans Wileys is a public reporting company in British Columbia and Alberta, focused on mineral exploration of its properties in Newfoundland, Canada.
Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and future trading in the common stock of Buchans Wileys Exploration Inc and the raising of additional capital and the future development of the business. The forward-looking information is based on certain key expectations and assumptions made by the company's management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward looking information because the company can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and the company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.