Canter Resources Completes Debt Settlements
Canter Resources Completes Debt
Settlements
Vancouver, British Columbia--(Newsfile Corp. - July 14, 2025) - Canter Resources Corp. (CSE: CRC)
(OTC Pink: CNRCF) (FSE: 6O1) ("
Canter
" or the "
Company
") a U.S.-focused critical mineral
exploration company, announces that, further to its news release of July 7, 2025, it has issued an
aggregate of 2,200,000 common shares (each a "
Share
") in the capital of the Company at a deemed
price of $0.07 per Share to settle debts owing pursuant to past management, consulting, accounting and
other services provided to the Company for a total amount of $154,000 (excluding goods and services
tax) (the "
Debt Settlements
").
Joness Lang, the CEO and a director of the Company, received 1,450,000 Shares through a company
he owns and operates; Alnesh Mohan, the CFO of the Company, received 392,857 Shares through a
company he owns and operates; and Warwick Smith, the Executive Chair and a director of the
Company, received 357,143 Shares through a company he owns and operates.
As a result, the Debt Settlements are considered a related party transaction (as defined under
Multilateral Instrument 61-101
Protection of Minority Security Holders in Special Transactions
("MI 61-
101").
The Company relied upon section 5.5(b) the "Issuer Not Listed on Specified Markets" and 5.7(a)
the "Fair Market Value Not More than $2,500,000" and exemptions from the formal valuation and
minority shareholder approval requirements, respectively, under MI 61-101.
The Shares issued in connection with the Debt Settlements are subject to a statutory hold period of four
months following the closing of the Debt Settlements in accordance with applicable securities legislation.
About Canter Resources Corp.
Canter Resources Corp. is a junior mineral exploration company advancing the Columbus Lithium-Boron
Project and the Railroad Valley (RV) Lithium-Boron Project in Nevada, USA. The Company is
completing a phased drilling approach at Columbus to test highly prospective brine targets at varying
depths for lithium-boron enrichment and plans to leverage the Company's critical metals targeting
database to generate a portfolio of high-quality projects with the aim of defining mineral resources that
support the technology and domestic clean energy supply chains in North America.
On behalf of the Board of Directors.
For further information contact:
Joness Lang
Chief Executive Officer
Canter Resources Corp.
Tel: 778.382.1193
For investor inquiries contact:
Kristina Pillon, High Tide Consulting Corp.
Tel: 604.908.1695
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.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of applicable securities
laws. All statements contained herein that are not clearly historical in nature may constitute forward-
looking statements. Generally, such forward-looking information or forward-looking statements can be
identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not
anticipate", or "believes", or variations of such words and phrases or may contain statements that certain
actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or
"will be achieved". The forward-looking information and forward-looking statements contained herein
include, but are not limited to, statements regarding the Company's plans for the Project and the
payments related thereto, the issuance of the Consideration Shares and the Company's expected
exploration activities.
These statements involve known and unknown risks, uncertainties and other factors, which may cause
actual results, performance or achievements to differ materially from those expressed or implied by such
statements, including but not limited to: requirements for additional capital; future prices of minerals;
changes in general economic conditions; changes in the financial markets and in the demand and
market price for commodities; other risks of the mining industry; the inability to obtain any necessary
governmental and regulatory approvals; changes in laws, regulations and policies affecting mining
operations; hedging practices; and currency fluctuations.
Although the Company has attempted to identify important factors that could cause actual actions, events
or results to differ materially from those described in forward-looking statements, there may be other
factors that cause actions, events or results to differ from those anticipated, estimated or intended.
Accordingly, readers should not place undue reliance on any forward-looking statements or information.
No forward-looking statement can be guaranteed. Except as required by applicable securities laws,
forward-looking statements speak only as of the date on which they are made and the Company does
not undertake any obligation to publicly update or revise any forward-looking statement, whether as a
result of new information, future events, or otherwise.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in
the United States. The securities have not been and will not be registered under the U.S. Securities Act
or any state securities laws and may not be offered or sold within the United States or to U.S. Persons
unless registered under the U.S. Securities Act and applicable state securities laws or an exemption
from such registration is available.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/258775