Mr. Harry Chew reports
CYNTAR VENTURES INC. - EXTENSION OF AGREEMENT ON LOAN PROPERTY AND EXTENSION OF PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT
Cyntar Ventures Inc. has negotiated an extension of its option agreement dated July 18, 2017, and, as amended, to acquire a 100-per-cent interest in the Lorn mineral property
located in the Clinton and Lillooet mining divisions of British Columbia. The amendment extends all future option payments, share issuances and exploration work from their original dates. As consideration for the extension granted, the company has agreed
to pay an additional $10,000 by Feb. 15, 2020.
The company further announces that is previously announced private placement of up to 10 million common shares at a price of eight cents per share for gross proceeds of up to $800,000 is expected to close on or about
Feb. 28, 2020, and is subject to certain conditions, including receipt of all necessary regulatory approvals, inclusive of the Canadian Securities Exchange. The offered shares will be subject to a four-month-and-one-day hold.
We seek Safe Harbor.
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