16:33:23 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Gold'n Futures Mineral Corp
Symbol FUTR
Shares Issued 197,761,242
Close 2024-04-25 C$ 0.01
Market Cap C$ 1,977,612
Recent Sedar Documents

Gold'n Futures to settle $69,436 debt with 6.31M shares

2024-04-26 16:15 ET - News Release

Mr. Arthur Birstein reports

GOLD'N FUTURES ANNOUNCES DEBT SETTLEMENT

Gold'n Futures Mineral Corp. has entered into a debt settlement agreement to settle outstanding cash payments owed to a creditor totalling $69,436, for legal, accounting and corporate administration fees. Pursuant to the settlement agreement, the company has agreed to issue 6,312,363 common shares at a deemed price of 1.1 cents per share, based on a 20-day volume-weighted average price (VWAP).

The board of directors of the company has determined that it is in the best interests of the company to settle the outstanding debts by the issuance of the shares in order to preserve the company's cash for working capital.

The company will be relying on the employee, executive officer, director and consultant exemption contained in Section 2.24 of National Instrument 45-106 -- Prospectus Exemptions, to issue the shares to the creditor. Securities issued under the exemption are not subject to a hold period and are free trading.

About Gold'n Futures Mineral Corp.

Gold'n Futures Mineral is a mineral exploration company with two Canadian gold projects. The Hercules gold project is 195 kilometres northeast of Thunder Bay, Ont., in the Beardmore-Geraldton gold mining camp. It is 54 km northwest of Equinox Gold's Greenstone gold mine that reportedly boasts 5.5 million ounces of proven and probable reserves. The Hercules property consists of 425 contiguous claims (11,370 hectares). From the historical work and its current work, the company has built a comprehensive database and model, and is preparing a new mineral resource estimate based upon current and historical drilling, totalling the order of 537 holes comprising 114,000 metres of core.

The Brady-Huxter gold project is in central Newfoundland, 50 km southeast of the town of Gander. The Brady-Huxter property consists of nine mineral licences, which cover 2,350 hectares and contains two large porphyry-hosted gold deposits -- the Reid and Mosquito Hill. These deposits have a combined drill-defined historical resource estimate of 59.5 million tonnes containing 938,753 ounces of indicated and inferred gold mineralization (see Gold'n Futures' news of Oct. 16, 2023).

Gold'n Futures is conducting programs to expand its gold resources and to develop viable gold mining operations through the application of extensive geological experience and knowledge, combined with advanced technologies and computer modelling.

We seek Safe Harbor.

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