| ||Tue Dec 9, 2014|
Firestone Ventures - Guatemalan President Signs Into Law Mining Royalties Increase
| ||Toronto, Ontario--(December 9, 2014) - Firestone Ventures Inc. (TSXV: FV) (FSE: F5V1) announces that on 4 December 2014, the Guatemalan President signed into law, Congress' proposed increase in mining royalties (see Firestone Ventures Press Release 8 December, 2014).|
The change to mining royalties is one of a package of changes to laws that also affect other industrial sectors and all are intended to help balance the 2015 national budget. Most legitimate entities that are negatively affected by these changes, including the mining, construction and telephone industry associations, along with minority political parties are analyzing the legality and rules of procedure relating to this budget process and resulting measures. Firestone's President and CEO is presently in Guatemala, in dialogue with Firestone's legal counsel, Canadian embassy staff related to the Trade Commission, the Extractive Industries Association representatives, elected officials, and other in-country industry players.
For further information, contact:
Tel: 416 367-3200
F. Carson Noel
Tel: 416 367-3200
Neither 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. This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments, including legislative changes in royalties instituted by the Republic of Guatemala and applicable municipalities; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.
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