CALGARY, Aug. 21, 2014 - Iron Tank Resources Corp. (TSX VENTURE:TNK) ("Iron Tank", or the "Company") is pleased to announce it has sold its interests in the Tennessee project for proceeds of US$ 160,000. The project in Tennessee had not obtained the results with either the workovers or the new wells that was anticipated, and the Company has determined that the best course of action was to dispose of the interests.
The Company continues to evaluate business opportunities, including the potential application for a medical marijuana license and facility.
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This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.
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CALGARY, Aug. 21, 2014 - Iron Tank Resources Corp. (TSX VENTURE:TNK) ("Iron Tank", or the "Company") is pleased to announce it has sold its interests in the Tennessee project for proceeds of US$ 160,000. The project in Tennessee had not obtained the results with either the workovers or the new wells that was anticipated, and the Company has determined that the best course of action was to dispose of the interests.
