Stockwatch

Blanton Resources Corp
Symbol	BLNT
Shares Issued	18,650,001
Close 2023-05-16	C$ 0.055
Market Cap	C$ 1,025,750
Recent Sedar Documents

Blanton Resources to acquire Aesir Lithium

2023-06-01 13:42 ET - News Release

Denosta Subject: FW: Blanton Resources Corp. PDF Document File: Attachment Blanton Resources Corp. News release 6-1-2023.pdf BLANTON RESOURCES CORP. 200 - 551 Howe Street Vancouver, BC V6C 2C2 BLANTON RESOURCES CORP. ENTERS INTO AGREEMENT TO ACQUIRE AESIR LITHIUM CORP. AND ITS PORTFOLIO OF QUEBEC LITHIUM CLAIMS June 1, 2023, Vancouver, BC Blanton Resources Corp. ("Blanton" or the "Company) (C: BLNT) is pleased to announce that they have entered into a share purchase agreement to acquire Aesir Lithium Corp. ("ALC"). ALC is the beneficial holder of 27 mineral claims in 4 separate claim blocks (the "Property"). These claims cover approximately 1,485 hectares and host multiple historic lithium sample results and up to 340ppm Li in a grab sample. The Aesir Lithium Claims portfolio consists of 4 separate claim blocks located in Quebec, with one claim block located 30km to the South of Patriot Battery Metals, (TSX-PMET) "Corvette" property and contain lithium samples from previous historic work programs. Other Aesir claims covering historic 55ppm Li reported as a tonalite from sample 2012056707 . This ground is approximately 60km South of Australian listed Winsome Resources, (ASX-WR1), and approximately 30km South of Patriot Battery Metals, TSX-PMET, CV5 Lithium discoveries. The Aesir claims covering several historic anomalous lithium values on the Gaspe Peninsula that were obtained during exploration of rare earth occurrences. Values range from south-eastern most sample number 1989023054 location which returned 30ppm Li from a gneiss to the north- western most sample location of sample 1989031832 returning 187ppm Li described as pyroxenite, over a distance of 3km in between the two samples, with some anomalous lithium values over the distance. Another claim that is part of the transaction is in the Gaspe Peninsula and it covers a historic 313ppm Li sample value in sample 1989032542. Historic anomalous lithium values are significant since exploration was conducted for other minerals and not focussed on lithium. Qualified Person This press release was reviewed by Steven Lauzier, P.Geo OGQ, a qualified person as defined under Nation Instrument 43-101 and he reviewed and approved the geological information provided in this news release. The Transaction The Company entered into a share purchase agreement dated May 23rd, 2023, among the Company, Aesir Lithium Corp. and the shareholders of ALC pursuant to which the Company has agreed to acquire all of the issued and outstanding shares of ALC from the ALC shareholders. As consideration under the agreement, the Company has agreed to issue 6,200,000 common shares of the Company (the "Shares") to the ALC shareholders at a deemed price of $0.05 per Share representing an aggregate value for the securities of $ 310,000. The securities issued under this transaction will be subject to resale restrictions for a period ending four months and one day from the date of issuance. The transaction is subject to the approval of the Canadian Securities Exchange. The transaction as proposed, is an arm's-length transaction for the Company, and does not constitute a fundamental change or result in a change of control of the Company, within the meaning of the policies of the CSE. On behalf of the Board of Directors Michael Dake CEO 604 683-8610 Cautionary Statement This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Often, but not always, forward-looking information and information can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the Company's expected benefits of the Transaction and opportunities which will arise from the acquisition of the Property. The forward-looking information reflects management's current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking information. Such risk factors may include, among others, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation and environmental regulation; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; competition for, among other things, skilled personnel and supplies; incorrect assessments of the value of acquisitions; geological, technical, processing and transportation problems; changes in tax laws and incentive programs; failure to realize the anticipated benefits of acquisitions and dispositions; and the other factors. Although the Company believes that the assumptions and factors used in preparing the forward-looking information are reasonable, undue reliance should not be placed on such information and no assurance can be given that such events will occur in the disclosed time frames or at all. Factors that could cause actual results or events to differ materially from current expectations include: (i) adverse market conditions; and (ii) other factors beyond the control of the Company. New risk factors emerge from time to time, and it is impossible for the Company's management to predict all risk factors, nor can the Company assess the impact of all factors on Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ from those contained in any forward-looking information. The forward-looking information included in this news release are made as of the date of this news release and the Company expressly disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable law. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which are available at www.sedar.com.