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LFNT Resources Corp
Symbol LFNT
Shares Issued 20,717,001
Close 2023-06-27 C$ 0.40
Market Cap C$ 8,286,800
Recent Sedar Documents

LFNT issues 1.5 million shares for Sudbury option deal

2023-08-04 19:11 ET - News Release

Mr. Shayne Taker reports

LFNT RESOURCES CORP. ANNOUNCES ISSUANCE OF SHARES PURSUANT TO THE SUDBURY PROJECT OPTION AGREEMENT

Further to LFNT Resources Corp.'s news release dated July 27, 2023, the company has issued 1.5 million common shares to two optionors pursuant to the Sudbury project option agreement, which grants the company an option to acquire a 100-per-cent interest in the 9,759-hectare Sudbury project, consisting of six mineral claims in the La Ronge region of Saskatchewan, Canada.

The shares have been issued at a deemed price of 30 cents per share and are subject to a hold period expiring four months and one day from the date of issue.

After the issuance of the shares, the company has a total of 22,217,001 common shares issued and outstanding.

For more information about the Sudbury project and the Sudbury project option agreement please see the news release of the company dated July 27, 2023.

About LFNT Resources Corp.

LFNT Resources is a British Columbia-based mineral exploration company focused on the development of assets containing battery, base and precious metals. LFNT holds an option in the heart of British Columbia's renowned Cariboo mining district on the 1,900-hectare SkyFireproperty, which is nestled between Williams Lake and 100 Mile House. Infrastructure and strong labor communities are within reach.

The company also has an option on the 9,759-hectare Sudbury project in the La Ronge region of Saskatchewan and may evaluate acquisitions of other mineral exploration assets and opportunities. LFNT's common shares are listed and trading on the Canadian Securities Exchange under trading symbol LFNT.

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