06:01:18 EDT Sun 01 Jun 2025
Enter Symbol
or Name
USA
CA



Exploits Discovery Corp
Symbol NFLD
Shares Issued 170,322,344
Close 2024-11-14 C$ 0.045
Market Cap C$ 7,664,505
Recent Sedar Documents

Exploits closes private placements totalling $586,154

2024-11-14 17:35 ET - News Release

Mr. Jeff Swinoga reports

EXPLOITS CLOSES NON-BROKERED CHARITY FLOW THROUGH FINANCING WITH STRATEGIC INVESTOR AND FLOW THROUGH SHARE PRIVATE PLACEMENT

Exploits Discovery Corp. has closed its previously announced non-brokered private placement for gross proceeds of $346,154 through the issuance and sale of flow-through common shares of the company at a price of nine cents per charity FT share. Each charity FT share will qualify as a flow-through share (within the meaning of Subsection 66(15) of the Income Tax Act (Canada)).

The company also announces it has closed an additional non-brokered private placement for three million flow-through common shares at a price of eight cents per FT share for gross proceeds of $240,000.

The company will use an amount equal to the gross proceeds received from the sale of the charity FT shares and the FT shares to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures as both terms are defined in the tax act related to the company's projects in Newfoundland and Labrador, Canada, on or before Dec. 31, 2025, and will renounce all the qualifying expenditures in favour of the subscribers of the charity FT shares and FT shares with an effective date no later than Dec. 31, 2024.

All securities issued and sold under these financings will be subject to a four-month-and-one-day hold period under securities laws in Canada.

About Exploits Discovery Corp.

Exploits is a Canadian mineral exploration company focused on the acquisition and development of mineral projects in Newfoundland and Labrador, Canada. Exploits is utilizing its experienced, talented local team and geologic understanding with the vision to become one of the most successful explorers in Canada.

We seek Safe Harbor.

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