Canter Completes Acquisition of Altitude Ventures
CSE:CRC
OTC:CNRCF
FRA:601
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CANTER COMPLETES ACQUISITION OF ALTITUDE
VENTURES
NOT FOR DISSEMINATION, DISTRIBUTION, RELEASE, OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO
THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
Vancouver, British Columbia, November 21, 2023 – Canter Resources Corp. (CSE: CRC) (“Canter”
or the “Company”) is pleased to announce that, further to its news release dated November 13, 2023, it
has completed the acquisition of Altitude Ventures Corp . (“ Altitude”) pursuant to the terms of an
amalgamation agreement dated November 10, 2023 (the “Amalgamation Agreement”) among Canter,
Canter’s wholly-owned subsidiary, 1447235 B.C. Ltd. (“Subco”), and Altitude (the “Transaction”).
The Transaction was completed by way of a three -cornered amalgamation under the Business
Corporation Act (British Columbia) among Canter, Subco and Altitude. Pursuant to the Transaction,
Altitude amalgamated with Subco and the holders of shares of Altitude (the “Altitude Shares”) each
received one common share of Canter (a “Canter Share”) for every one Altitude Share. The Company
issued a total of 18,020,001 Canter Shares to the shareholders of Altitude as consideration for all of the
outstanding Altitude Shares pursuant to the Transaction. The amalgamated company became a wholly-
owned subsidiary of Canter. No finder’s fees were paid in connection with the Transaction.
Altitude holds the sole option to acquire a 100% interest of the 23,000 acre lithium exploration project
located in the Columbus Salt Marsh Basin, Esmerelda County, Nevada, USA, being the “Columbus
Lithium-Boron Project”. In addition, Altitude holds a 100% interest in certain Beaver Creek lithium
occurrences located in the town of Lincoln, Montana, USA, being the “Beaver Creek Property”. For
additional details regarding the Columbus Lithium-Boron Property and the Montana Property , see the
Company’s news rel ease dated November 13, 2023 available on the Company’s SEDAR+ profile at
www.sedarplus.ca.
About Canter Resources Corp.
Canter Resources Corp. is a Canadian junior mineral exploration company advancing the Columbus
Lithium-Boron Project in Nevada, USA, the Beaver Creek Lithium Property in Montana, USA, and the
Puzzle Lake Property in Saskatchewan, Canada. The Company is preparing for a Phase I drill campaign
at Columbus to test a highly prospective lithium-brine target and plans to leverage the Company’s critical
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metals targeting database to generate a portfolio of high-quality projects with the aim of defining mineral
resources that support the domestic clean energy supply chain in North America.
For further information contact:
Hani Zabaneh
Chief Executive Officer
Canter Resources Corp.
The securities to be issued pursuant to the Transaction have not been, and will not be, registered under the U.S. Securities Act
of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the Unit ed
States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from th e
registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release will not constitute
an offer to sell or the solicitation of an offer to buy securities in the United States, nor will there be any sale of these securities in
any jurisdiction in which such offer, solicitation or sale would be unlawful.
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. The Canadian
Securities Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Certain information set forth in this news release may contain forward -looking statements that involve substantial known and
unknown risks and uncertainties, including, but not limited to, the business of the Company, references to the potential of the
Columbus Lithium-Boron Property and the Montana Property and related matters. These forward-looking statements are subject
to numerous risks and uncertainties, certain of which are beyond the control of Canter Resources Corp., including, but not limited
to, t he impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the
uncertainty of exploration results and estimates, currency fluctuations, dependency upon regulatory approvals, the uncertaint y
of obtaining additional financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of
such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue
reliance should not be placed on forward-looking statements.