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Classified in: Mining industry

Management Responds to IIROC Request for Clarifications

TORONTO, June 23, 2020 /CNW/ - Baselode Energy Corp. ("Baselode" or the "Company") (TSXV: FIND) published an "investment thesis" on 22 June that was in contravention to TSX Venture Exchange Policy 3.3, 8.1 ? Timely Disclosure, Content of News Releases. The news release in question contains promotional material that could have exaggerated the potential of the Company or Shadow Property.  Management wishes to acknowledge the following elements of the 22 June news release that represent deficiencies NI 43-101 policy:

The Company retracts the above statements which are in contravention to NI 43-101 disclosure requirements.  

QP Statement
The technical information contained in this news release has been prepared by Charles Beaudry, P.Geo and géo., Director for Baselode Energy Inc., who is a Qualified Person as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects." 

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.

Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Baselode Energy Corp. assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to Baselode Energy Corp. Additional information identifying risks and uncertainties is contained in filings by the Company with Canadian securities regulators, which filings are available under Baselode Energy Corp. profile at www.sedar.com.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.

SOURCE Baselode Energy

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