Gold’N Futures Announces Debt Settlement
1890 – 1075 West Georgia Street
Vancouver BC V6E 3C9
Tel: 604-687-2038
www.goldnfuturesmineralcorp.com
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NEWS RELEASE CSE: FUTR
OTC: GFTRF
December 13, 2023 FSE: G6M
GOLD’N FUTURES ANNOUNCES DEBT SETTLEMENT
VANCOUVER, BC – (TheNewsWire – December 13, 2023) GOLD’N FUTURES MINERAL CORP. (CSE: FUTR)
(FSE: G6M), (OTC: GFTRF) (the “Company” or “ Gold’n Futures ”) announced that it has closed the
previously announced debt settlement agreements (the “Settlement Agreements”) to settle outstanding
cash payments owed to two creditors (the “ Creditors”) totaling $76,000 for legal, accounting and
corporate administration fees. Pursuant to the Settlement Agreements, the Company issued an aggregate
of 7,600,000 common shares (“Shares”) at a deemed price of $0.01 per Share, based on a 20-day VWAP.
The Company relied on the “Employee, Executive Officer, Director and Consultant” exemption contained
in section 2.24 (the “ Exemption”) of NI 45 -106 Prospectus Exemptions, to issue the S hares to the
Creditors. Securities issued under the Exemption are subject to a seasoning period, however they are not
subject to a 4 month and 1 day resale restriction.
One Settlement Agreement in the amount of $46,000 was with Fish Purdy LLP ., a company partially
controlled by Matthew Fish , a director of the Company, and accordingly this was a "related party
transaction" as such term is defined by Multilateral Instrument 61 -101 - Protection of Minority Security
Holders in Special Transactions (" MI 61 -101"). The Company relied on the exemption from formal
valuation and minority shareholder approval requirements set out in MI 61 -101 as the fair market value
of the transaction d id not exceed 25% of the market capitalization of the Company , as determined in
accordance with MI 61-101.
About Gold’n Futures Mineral Corp.
Gold’n Futures Mineral Corp. (CSE: FUTR) (FSE: G6M) (OTC: GFTRF) is a mineral exploration company with
two advanced Canadian gold projects. The Hercules Gold Project is 195 km northeast of Thunder Bay,
Ontario in the Beardmore – Geraldton gold mining camp. It is 54 km north west of Equinox Gold’s
Greenstone gold mine that reportedly boasts 5.5 million ounces of Proven and Probable Reserves
(https://www.equinoxgold.com/growth-projects/greenstone-project/). The Hercules Property consists
of 425 contiguous claims (11,370 ha). From the historical and its current work, the Company has built a
comprehensive database and model and is preparing a new Mineral Resource Estimate based upon
current and historical drilling totalling the order of 537 holes comprising 114,000 m of core.
The Brady-Huxter Gold Project is in Central Newfoundland, 50 km southeast of the town of Gander. The
Brady-Huxter property consists of nine mineral licenses, which cover 2,350 ha and contains two large
porphyry-hosted gold deposits, the Reid and Mosquito Hill. These deposits have a combined drill-defined
historical resource estimate of 59.5 million t onnes containing 938,753 oz of indicated and inferred gold
mineralization (see Gold’n Futures news of October 16, 2023).
Gold’n Futures is conducting programs to expand its gold resources and to develop viable gold mining
operations through the application of extensive geological experience and knowledge combined with
advanced technologies and computer modeling.
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For more information, please visit our website at: www.goldnfuturesmineralcorp.com
On behalf of the Board of Directors
For further information
Stephen Wilkinson,
President and CEO,
Email: [email protected]
Ph: +1.236.886.8808
Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian
Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements:
This news release contains forward-looking statements that constitute forward-looking information (collectively, "forward-looking
statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that are n ot
purely historical statements of fact are forward- looking statements. Although the Company believes that such statements are
reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and
relevant, the Company can give no assurance that such expectations will prove to be correct. Forward- looking statements are
typically identified by words such as: "believes", "expects", "aim", "anticipates", "intends", "estimates", "plans", "may", "should",
"would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature,
refer to future events or results that may, could, would, might or will occur or be taken or achieved.
Forward-looking statements involve known and unknown risks, assumptions, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to differ materially from any future results, performance or
achievements expressed or implied by the forward-looking statements, and includes those risks described in the Company's Listing
Statement dated August 19, 2020 and the Company's management's discussion & analysis for the fiscal year ending December
31, 2022, copies of which are available under the Company's profile at www.sedarplus.ca. Forward-looking statements are made
as of the date of this news release and, unless required by applicable law, the Company assumes no obligation to update the
forward-looking statements or to update the reasons why actual results could differ from those projected in these forward-looking
statements.
Readers are cautioned not to place undue reliance on forward -looking statements. The Company undertakes no obligation to
update any of the forward-looking statements in this news release except as otherwise required by law.