Subject: LFNT Resources Corp. // For Immediate Release
Word Document
File: '\\swfile\EmailIn\20260807 143523 Attachment LFNT_NR_20260807_Initial_PP.docx'
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LFNT ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
Vancouver, British Columbia - August 7, 2026 - LFNT Resources Corp. (CSE: LFNT) ("LFNT" or the "Company"), is pleased to announce that it intends to complete a non-brokered private placement of up to 4,000,000 units of the Company (the "Units") at a price of $0.15 per Unit for aggregate gross proceeds of up to $600,000 (the "Offering").
Each Unit will consist of one common share in the capital of the Company (a "Share") and one transferable common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to acquire one additional Share (a "Warrant Share") at an exercise price of $0.40 per Warrant Share for a period of 24 months from the closing date of the Offering.
If, at any time following the date that is four months and one day after the applicable closing date, the closing price of the Company's common shares on the Canadian Securities Exchange (the "CSE") equals or exceeds $0.50 per Share for 10 consecutive trading days, the Company may accelerate the expiry date of the Warrants by issuing a news release announcing that the Warrants will expire 30 days following the date of such news release. Any Warrants not exercised before the accelerated expiry date will expire and be of no further force or effect.
The Company intends to use the net proceeds of the Offering for general working capital purposes.
The Offering may close in one or more tranches and remains subject to the approval of the CSE. The securities issued pursuant to the Offering will be subject to a statutory hold period of four months and one day from their respective dates of issuance, in accordance with applicable securities laws.
The Company may pay finder's fees in connection with the Offering in cash, securities or a combination thereof, subject to compliance with applicable securities laws and the policies of the CSE. No insiders of the Company are expected to participate in the Offering.
ON BEHALF OF THE BOARD OF DIRECTORS,
LFNT RESOURCES CORP.
Shayne Taker
Chief Executive Officer
Tel: +1 236-485-1435
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, statements regarding the proposed terms, timing and completion of the Offering; the number of Units that may be issued; the gross proceeds that may be raised; the completion of the Offering in one or more tranches; the payment of finder's fees; the receipt of required regulatory approvals, including the approval of the Canadian Securities Exchange; and the intended use of the net proceeds.
Forward-looking information is based on management's current expectations and assumptions, including assumptions regarding market conditions, investor interest, the availability of financing and the receipt of required approvals. Such information is subject to known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied, including the risk that the Offering may be delayed, amended or not completed on the terms announced or at all.
There can be no assurance that the assumptions underlying the forward-looking information will prove to be correct. Readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking information except as required by applicable securities laws.
PDF Document
File: Attachment LFNT_NR_20260807_Initial_PP.pdf
LFNT ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
Vancouver, British Columbia August 7, 2026 LFNT Resources Corp. (CSE: LFNT) ("LFNT" or the
"Company"), is pleased to announce that it intends to complete a non-brokered private placement
of up to 4,000,000 units of the Company (the "Units") at a price of $0.15 per Unit for aggregate gross
proceeds of up to $600,000 (the "Offering").
Each Unit will consist of one common share in the capital of the Company (a "Share") and one
transferable common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder
thereof to acquire one additional Share (a "Warrant Share") at an exercise price of $0.40 per Warrant
Share for a period of 24 months from the closing date of the Offering.
If, at any time following the date that is four months and one day after the applicable closing date,
the closing price of the Company's common shares on the Canadian Securities Exchange (the "CSE")
equals or exceeds $0.50 per Share for 10 consecutive trading days, the Company may accelerate the
expiry date of the Warrants by issuing a news release announcing that the Warrants will expire 30
days following the date of such news release. Any Warrants not exercised before the accelerated
expiry date will expire and be of no further force or effect.
The Company intends to use the net proceeds of the Offering for general working capital purposes.
The Offering may close in one or more tranches and remains subject to the approval of the CSE. The
securities issued pursuant to the Offering will be subject to a statutory hold period of four months
and one day from their respective dates of issuance, in accordance with applicable securities laws.
The Company may pay finder's fees in connection with the Offering in cash, securities or a
combination thereof, subject to compliance with applicable securities laws and the policies of the
CSE. No insiders of the Company are expected to participate in the Offering.
ON BEHALF OF THE BOARD OF DIRECTORS,
LFNT RESOURCES CORP.
Shayne Taker
Chief Executive Officer
Tel: +1 236-485-1435
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility
for the adequacy or accuracy of this release.
Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian
securities laws. Forward-looking information includes, but is not limited to, statements regarding the
proposed terms, timing and completion of the Offering; the number of Units that may be issued; the
gross proceeds that may be raised; the completion of the Offering in one or more tranches; the
payment of finder's fees; the receipt of required regulatory approvals, including the approval of the
Canadian Securities Exchange; and the intended use of the net proceeds.
Forward-looking information is based on management's current expectations and assumptions,
including assumptions regarding market conditions, investor interest, the availability of financing and
the receipt of required approvals. Such information is subject to known and unknown risks,
uncertainties and other factors that may cause actual results or events to differ materially from those
expressed or implied, including the risk that the Offering may be delayed, amended or not completed
on the terms announced or at all.
There can be no assurance that the assumptions underlying the forward-looking information will
prove to be correct. Readers should not place undue reliance on forward-looking information. The
Company undertakes no obligation to update or revise any forward-looking information except as
required by applicable securities laws.
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