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
April 26, 2024
GOLD’N FUTURES ANNOUNCES DEBT SETTLEMENT
VANCOUVER, BC – (theNewsWire – April 26, 2024) GOLD’N FUTURES MINERAL CORP .
(CSE: FUTR) (FSE: G6M), (OTC: GFTRF) (the “Company” or “Gold’n Futures”) announced that
it has entered into a debt settlement agreement (the “ Settlement Agreement ”) to settle
outstanding cash payments owed to a creditor (the “ Creditor”) totaling $69,436.00 for legal,
accounting and corporate administration fees. Pursuant to the Settlement Agreement, the
Company has agreed to issue 6,312,363 common shares (“Shares”) at a deemed price of $0.011
per Share, based on a 20-day VWAP.
The board of directors of the Company has determined that it is in the best interests of the
Company to settle the outstanding debts by the issuance of the Sh ares in order to preserve the
Company's cash for working capital.
The Company will be relying 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 Shares to the Creditor. Securities issued under the Exemption are not subject to a hold
period and are free trading.
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 c ombined drill -defined historical resource estimate of 59.5 million tonnes 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.
For more information, please visit our website at: www.goldnfuturesmineralcorp.com
On behalf of the Board of Directors
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For further information
Arthur Birstein,
Investor Relations,
Email: [email protected]
Ph: +1.416.400.8580
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 not purely historical statements
of fact are forward-looking statements, including statements regarding the successful issuance of
the common shares and the extinguishment of the debt. 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.