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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

Subject: LFNT Resources Corp. // For Immediate Release PDF Document File: Attachment LFNT_20230804_NR_IssuanceOfShares_FINAL.pdf LFNT RESOURCES CORP. ANNOUNCES ISSUANCE OF SHARES PURSUANT TO THE SUDBURY PROJECT OPTION AGREEMENT Vancouver, British Columbia, August 4, 2023. LFNT Resources Corp. (CSE: LFNT) ("LFNT" or the "Company") further to its news release dated July 27, 2023 is pleased to announce the first issuance of 1,500,000 common shares (the "Shares") to two optionors pursuant to the Sudbury Project Option Agreement, which grants the Company an option to acquire a 100% interest in the 9,759-hectare Sudbury Project, consisting of six (6) mineral claims in the La Ronge Region of Saskatchewan, Canada. The Shares have been issued at a deemed price of $0.30 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 Corp. 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 SkyFire Property, 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". On Behalf of the Board of Directors LFNT Resources Corp. Shayne Taker Director and Chief Executive Officer Tel: (236) 237-2279 Email: info@LFNT.ca 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. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this news release include statements with respect to receipt of final approval from the Canadian Securities Exchange and the expected timing of commencement of trading. Forward-looking statements are subject to various known and unknown risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company, including, but not limited to: changes in general economic conditions or conditions in the financial and capital markets; uncertainties related to the availability and costs of financing needed in the future; business and economic conditions in the mineral exploration industry generally; the supply and demand for labour and other project inputs; changes in commodity prices; changes in interest and currency exchange rates; risks related to inaccurate geological and engineering assumptions; risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with the specifications or expectations, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action and unanticipated events related to health, safety and environmental matters); risks related to adverse weather conditions and geopolitical risk and social unrest. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward- looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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