Eagle Bay Resources Corp Announces Start of Trading on CSE Under Symbol EBR on Wednesday, March 15, 2023
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Eagle Bay Resources Corp Announces Start of Trading on CSE Under Symbol
EBR on Wednesday, March 15, 2023
News Release - Vancouver, BC, March 14, 2023 – Eagle Bay Resources Corp. (“Eagle Bay” or
the “Company”), is pleased to announce that its common shares have received approval for listing
on the Canadian Securities Exchange (the "CSE") and will commence trading Wednesday March
15, under the trading symbol "EBR" at market open.
The ISIN and CUSIP numbers for the common Shares are CA 2694211038 and 269421103,
respectively. Eagle Bay currently has 52,854,526 common Shares issued and outstanding. Of the
29,550,000 Common Shares owned by management, directors, and Zimtu Capital Corp .,
2,955,000 (10%) will be released from escrow in connection with the commencement of trading,
while 26,595,000 will remain in escrow, with batches of 4,432,500 released every six months over
a period of three years.
David Hodge, President and CEO of Eagle Bay, commented, “We are thrilled to commence our
public listing with such a high -quality portfolio of rare earth and niobium exploration properties,
now at a time when the North America is seeing increased exploration and development activities
by majors and juniors alike. This is clearly an emerging rare earth minerals district with significant
discovery having been advanced by Defence Metals Corp, with which we share a contiguous
border, moving towards realising its full potential and we intend to be part of this.”
Jody Dahrouge, Director and President of Dahrouge Geology comments “In the mid 2000’s we
recognized the potential for both REE’s and niobium mineralization within carbonatites proximal
to the Wicheeda REE showings. We acquired a number of claims over the years south-easterly
from Wicheeda to the Cap Property, which covered a large circular magnetic anomaly. We have
discovered several unique carbonatites since then and are extrem ely encouraged by the large
number of mineral showings. Our confidence grows daily that continued exploration at the Cap
Property will produce a new series of rare metal showings!”
Michael Schuss, Director stated, “We are very grateful for the ongoing sup port of all our
shareholders and the efforts of our team. Creating long-term value for our shareholders was very
important to us and we are very eager to see what the future holds for the Company.”
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Eagle Bay Property Access Map
Additional i nformation about the Company can be found in the Company’s final Non -offering
Prospectus dated February 28, 2023, as filed under the Company's profile on SEDAR at
www.sedar.com. Company's website is www.eaglebayresources.com.
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Management cautions that past results or discoveries on adjacent properties (i.e. Wicheeda) may
not necessarily be indicative to the presence of mineralization on the Company’s properties (i.e.
Cap).
About Eagle Bay Resources Corp.
Eagle Bay Resources Corp. is a Canadian exploration company specializing in the acquisition
and development of high potential rare earth elements (REE’s) and niobium properties, including
the Cap & Carbo Carbonatite Complex’s. The properties are located 85 km northeast of Prince
George, British Columbia and are comprised of 34 mainly contiguous mineral tenures covering
11,825.83 Ha. Eagle Bay Resources is publicly listed on the Canadian Stock Exchange (CSE)
under trading symbol “EBR”.
On Behalf of the Board of Directors
EAGLE BAY RESOURCES CORP.
David Hodge
Chief Executive Officer
Tel: 604.681.1568
Email: [email protected]
Neither the Canadian Securities Exchange 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, includ ing 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
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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 ope rate 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 healt h, 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 ne w information, future events or otherwise, except as
required by law.
The CSE has not in any way passed upon the merits of the listing of the common shares of the Company
and has neither approved nor disapproved the contents of this news release. Listing of the common shares
of the Company is subject to satisfaction of the listing requirements of the CSE, including customary
deliverables in satisfaction of the conditional approval.