Camarico Updates Progress
June 8, 2021 – TheNewswire - Camarico Investment Group Ltd. (CSE:CIG) (CNSX:CIG.CN) ("Company") is performing a strategic evaluation of current portfolio assets for redeployment or reclassification.
The Company is primarily focused on the continued development and utilization of the Camarico Land & Development Georgetown project. The Georgetown project represents a significant historical investment for the Company. The objective is to identify and secure a viable project that is compatible with the utilization of previously executed work programs and incurred capital expenditures.
In addition to Georgetown, the Company is reviewing the repurposing potential of Aggro Manufacturing’s modular POD systems. The POD was initially designed and intended for utilization in the El Rollo project.
At the present time the Company has not entered into a formal agreement or letter of intent with a relative third party for the repurposing of development sites, technology or investment.
ON BEHALF OF THE BOARD OF DIRECTORS OF CAMARICO INVESTMENT GROUP LTD.
“R. Mackenzie Loree”
Chief Executive Officer
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this press release.
Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company. 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. Forward-looking statements contained in this press release are made as of the date of this press release. 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. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information contained in this news release.