Vancouver, British Columbia--(Newsfile Corp. - December 2, 2019) - Winston Resources Inc. (CSE: WRW) (FSE: WNT) ("Winston" or the "Company") has commenced pre-legal action against David Schmidt, claiming failure to pay for a non-brokered private placement of $40,000.00. Shares were issued to Mr. Schmidt's holding co and Mr. Schmidt has refused to pay for the shares he received from the company.
The company has delivered this information to Mr. Schmidt via email and mail, it is unclear to the company whether Mr. Schmidt refuses to pay or does not have the financial capacity to pay.
"The company has repeatedly tried to rectify this situation with Mr. Schmidt, it's unfortunate and seems to be befitting of his character as of late. The company asks that if Mr. Schmidt purchases stock he should pay for his stock, a sentiment Mr. Schmidt does not agree with, his opinion of purchasing stock only counts if he is to receive a consulting fee in return. The company will pursue this issue with all legal avenues." says Quinn Field-Dyte - CEO
ON BEHALF OF THE BOARD OF DIRECTORS
Quinn Field-Dyte, Chief Executive Officer
For additional information, please contact:
Winston Resources Inc.
Quinn Field-Dyte, CEO
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Cautionary Statement Regarding "Forward-Looking" Information
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. In particular, this release contains forward-looking information relating to the intention of the Company to complete the Distribution, the related transactions and the business of the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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