Canter Resources Corp. Announces offering of up to $1,000,000 and granting of Stock Options
CANTER RESOURCES CORP.
Suite 918, 1030 West Georgia Street
Vancouver, British Columbia
V6E 2Y3
Canter Resources Corp. Announces offering of up to $1,000,000 and granting of
Stock Options
NOT FOR DISTRIBUTION TO U.S NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S
September 8, 2023 – Vancouver, British Columbia – Canter Resources Corp. (the “Company
today announces a non -brokered private placement up to 1 0,000,000 common shares of the
Company at a price of $0. 10 per common share for gross proceeds of up to $ 1,000,000 (the
“Offering”). The net proceeds from the Offering will be used for general working capital purposes,
including costs related to evaluating other mineral exploration assets and possible acquisition of
other mineral exploration assets.
An insider of the Company may participate in the Offering. This participation by an insider in the
Offering constitutes a related -party transaction as defined under Multilateral Instrument 61 -101
Protection of Minority Security Holders in Special Transactions. However, the Company considers
such participation would be exempt from the formal valuation and minority shareholder approval
requirements of MI 61 -101 as the fair market value of the common shares to subscribed for by
the insider and the consideration for the common shares paid by such insider do not exceed 25
per cent of the Company’s market capitalization.
The closing of the Offering is subject to certain conditions including, but not limited to, the receipt
of all necessary regulatory and other approvals, including the Company’s satisfaction of its filing
requirements with the Canadians Securities Exchange (CSE).
All common shares issued under the Offering, will be subject to a hold period of four months and
one day from closing. The Company may pay finder’s fees to eligible finders in connection with
the Offering.
Stock Option Grants
Additionally, the Company is also announcing the granting of 5 80,000 incentive stock options to
certain directors, officers, and consultants of the Company at an exercise price of $0.10 (the
“Options”) in accordance with the Company’s 10% rolling incentive stock option plan. The Options
will expire five years from the date of the grant. The options and the common shares underlying
the options will be subject to a hold period of 4 months and one day from the date of grant in
accordance with CSE policies.
On behalf of the Board,
Canter Resources Corp.
Hani Zabaneh, Director, and CEO
This news release may include forward -looking statements that are subject to risks and uncertainties. All
statements within, other than statements of historical fact, are to be considered forward looking. Although
the Company believes the expectations exp ressed in such forward -looking statements are based on
reasonable assumptions, such statements are not guarantees of future performance and actual results or
developments may differ materially from those in forward-looking statements. There can be no assurances
that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation
of such uncertainties. We do not assume any obligation to update any forward -looking statements except
as required under the applicable laws.