Stockwatch

Sorrento Resources Ltd
Symbol	SRS
Shares Issued	15,783,611
Close 2023-06-12	C$ 0.30
Market Cap	C$ 4,735,083
Recent Sedar+ Documents

Sorrento completes acquisition of Nfld. properties

2023-06-13 19:29 ET - News Release

Subject: Sorrento Resources Ltd. (SRS.V) PDF Document File: Attachment SRS-PR-06-13-23.pdf SORRENTO RESOURCES LTD. 9285 203B Street Langley, British Columbia V1M 2L9 NEWS RELEASE SORRENTO RESOURCES COMPLETES ACQUISITION OF NEWFOUNDLAND LITHIUM AND PRECIOUS METALS PROJECTS FROM GOLD HUNTER RESOURCES . VANCOUVER, BRITISH COLUMBIA, June 13, 2023 SORRENTO RESOURCES LTD. (the "Company") (CSE: "SRS") is pleased to announce, further to its press release dated June 6, 2023, it has now completed its acquisition with Gold Hunter Resources Inc. ("Gold Hunter") (CSE.HUNT) of a 100% interest in a portion of the claims comprising PEG Lithium property, Harmsworth and Tom Joe properties, as well as three properties along the Doucers Valley Fault, all located in the Province of Newfoundland and Labrador (the "Properties"). As previously announced, the Company has paid Gold Hunter $50,000 in cash and issued 1,000,000 common shares, which shares are subject to a statutory hold period expiring on October 14, 2023. The Company also granted a 1% net smelter returns royalty to Gold Hunter (the "Gold Hunter NSR") The Properties are also subject to a 2% net smelter returns royalty held by Fair Haven Resources Inc (the "Fair Haven NSR"). The Fair Haven NSR is subject to the right to buy back 50% of the NSR at any time for $1,000,000. The Company will also have the right to buy back 50% of the Gold Hunter NSR at any time for $1,000,000, Both the Fair Haven NSR and Gold Hunter NSR are subject to rights of first refusal in favor of the Company in connection with any proposed sale or transfer of such royalty. In other news, the Company announces it has retained Integral Wealth Securities Ltd. ("Integral") to provide Market-Making services in accordance with Canadian Securities Exchange ("CSE") policies. Integral will trade securities of the Company on the CSE to maintain an orderly market in the Company's securities. In consideration of the services provided by Integral, the Company will pay Integral a monthly cash fee of $5,500 for a minimum period of three months. After the initial three month term, the agreement may be terminated by the Company at any time upon 30 days' written notice. Integral will not receive shares or options as compensation. However, Integral and its clients may have or may acquire a direct interest in the securities of the Company. The Company and Integral are unrelated and unaffiliated entities; Integral is a member of the Investment Industry Regulatory Organization of Canada ("IIROC") and can access all Canadian Stock Exchange and Alternative Trading Systems. Additionally, the Company has engaged Black Swan Solutions Inc. ("acting as VHLA") of Vancouver, BC, to provide marketing services through social media channels and online media distribution for a one-month campaign commencing on July 1, 2023, in consideration of CAD $12,500 one-time, pursuant to an agreement dated May 7, 2023. VHLA and its respective directors, officers and employees do not currently hold shares in the Company but may buy or sell securities of the Company in the future. About the Company The Company is engaged in acquisition, exploration and development of mineral property assets in Canada. The Company's objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration program on the Wing Pond Property. The Wing Pond Property is located roughly 40 km east-northeast of Gander, Newfoundland, Canada, in Central Newfoundland. For more information, visit https://sorrentoresources.ca/. ON BEHALF OF THE BOARD OF DIRECTORS Brayden R. Sutton President and Chief Executive Officer Disclaimer for Forward-Looking Information This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, including statements regarding the Project acquisition bringing a low-risk opportunity to drive significant value to the Company, the Company building a portfolio of strong properties that will continue to deliver shareholder value and the Company continuing to build a robust and diverse critical minerals portfolio of projects are "forward-looking statements". Forward-looking statements in this news release include, but are not limited to, statements with respect to the Project and its mineralization potential; the Company's objectives, goals or future plans with respect to the Project; the commencement of drilling or exploration programs in the future and their expected completion dates. These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available to it. Forward- looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither the Canadian Securities Exchange (the "CSE") nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. Word Document File: '\\swfile\EmailIn\20230613 161600 Attachment SRS PR 06-13-23 Close - Clean.docx' Certive Health Inc. | 480-922-5327 | 8149 N. 87th Place | Scottsdale AZ | 85258 2 Certive Health Inc. | 480-922-5327 | 8149 N. 87th Place | Scottsdale AZ | 85258 FOR IMMEDIATE RELEASE May 31, 2023 Certive Reports Offering Update and Debt Settlement Scottsdale Arizona and Vancouver British Columbia - Certive Solutions Inc. (OTCQB:CTVEF CSE:CBP) ("Certive" or the "Company") is pleased to report the following: Amendment of Current Offering - As a result of recent market conditions, the Board has approved amending its current Offering, which is the non-brokered Private Placement disclosed in a previous Press Release dated January 16, 2023. The funds received from this Offering are being utilized for the purpose of establishing new product lines for clients, building out its subsidiary CHCS, deploying technology to enhance its core business by mixing data with AI to provide insights that improve efficiency, and other cash flow needs of the Company. The Offering consists of forty US$25,000 "Units" and each Unit shall now include the following: US$25,000 for 312,500 shares of Certive at a deemed value of US$0.08/share; and 156,250 Share Purchase Warrants for common shares of Certive, which have a term of two years and are exercisable at US$0.14/share; and The funds received for this Offering will accrue simple interest of 10% per annum, which will be settled at closing with additional shares of Certive at a deemed value of US$0.08/share. Debt Settlement - Certive also conducted a Board approved debt settlement program for past due amounts owed for professional services rendered to the Company by certain former and current consultants, vendors, employees, and officers & directors of the Company, which include Certive's CEO, CFO, and Corporate Secretary. The Company offered to settle such debts with shares of Common Stock based on a deemed value of US$0.08 per Share. US$596,800 of such debt has been settled for 7,460,000 shares of Certive's common stock at a deemed price of US$0.08 per share. This conversion illustrates the confidence of those lenders in the long-term success of the Company and better positions the Company by reducing its debt and ongoing interest expense. Conversion of Note - On May 31, 2023, a lender to the Company opted to convert a convertible promissory note's principal and accrued interest totaling $66,453.56 into 1,107,559 shares of the Company's common stock at the note's conversion rate US$0.06 per Share. For more information regarding this announcement, please visit our website at https://certivehealth.com or contact Certive directly at (480) 228-5881. Scott Thomas Senior Vice President sthomas@certive.com About Certive Solutions Inc. Certive Solutions Inc. (Scottsdale, Arizona) is currently 100% focused on the operations and value proposition of its wholly owned subsidiary, Certive Health Inc., and its subsidiaries, Certive Health Revenue Solutions and Certive Health Compliance Solutions. With identical Board of Directors, Management, Advisory Council, Mission and Vision, Certive Solutions is strategically positioned as a public company. All Advisors and Board Members are investors in the company - all have significant networks. Their collective experience, expertise, and relationships is the people-equity upon which the company was founded. Certive Health's vision is making the $3.7 trillion healthcare market better by applying its People-Equity and Capital to create solutions in the healthcare communities it serves. Certive Health's revenue cycle services assist hospitals with the complexity of the reimbursement process and improve their financial and quality performance. Certive Health's cybersecurity solutions allow health care providers to protect their networks, their data, and their patients from malicious agents and aggressors. FORWARD-LOOKING STATEMENTS Statements contained in this report that are not statements of historical fact are intended to be and are hereby identified as "forward-looking statements" for purposes of the safe harbor provided by the Reform Act. Forward-looking statements include expressed expectations of future events and the assumptions on which the expressed expectations are based. All forward looking statements are inherently uncertain as they are based on various expectations and assumptions concerning future events and they are subject to numerous known and unknown risks and uncertainties which could cause actual events or results to differ materially from those projected. Due to those uncertainties and risks, the investment community is urged not to place undue reliance on written or oral forward-looking statements of Certive Solutions Inc. The Company undertakes no obligation to update or revise this Safe Harbor Compliance Statement for Forward-Looking Statements (the "Safe Harbor Statement") to reflect future developments. In addition, Certive undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.