LFNT Resources Corp. Announces Issuance of Shares Pursuant to the Sudbury Project Option Agreement
LFNT RESOURCES CORP. ANNOUNCES ISSUANCE OF SHARES PURSUANT TO
THE SUDBURY PROJECT OPTION AGREEMENT
Vancouver, British Columbia, August 4, 2023. LFNT Resources Corp. (CSE: LFNT) (“LFNT”
or the “Company”) further to its news release dated July 27, 2023 is pleased to announce the first
issuance of 1,500,000 common shares (the “Shares”) to two optionors pursuant to the Sudbury
Project Option Agreement, which grants the Company an option to acquire a 100% interest in the
9,759-hectare Sudbury Project, consisting of six (6) mineral claims in the La Ronge Regio n of
Saskatchewan, Canada.
The Shares have been issued at a deemed price of $0.30 per Share and are subject to a hold
period expiring four months and one day from the date of issue.
After the issuance of the Shares, the Company has a total of 22,217,001 common shares issued
and outstanding.
For more information about the Sudbury Project and the Sudbury Project Option Agreement
please see the news release of the Company dated July 27, 2023.
About LFNT Resources Corp.
LFNT Resources Corp. is a British Columbia-based mineral exploration company focused on the
development of assets containing battery, base and precious metals. LFNT holds an option in the
heart of British Columbia’s renowned Cariboo Mining District on the 1,900-hectare SkyFire
Property, which is nestled between Williams Lake and 100 Mile House. Infrastructure and strong
labor communities are within reach.
The Company also has an option on the 9,759-hectare Sudbury Project in the La Ronge Region
of Saskatchewan and may evaluate acquisition s of other mineral exploration assets and
opportunities. LFNT ’s common shares are listed and trading on the Canadian Securities
Exchange under trading symbol "LFNT".
On Behalf of the Board of Directors
LFNT Resources Corp.
Shayne Taker
Director and Chief Executive Officer
Tel: (236) 237-2279
Email: [email protected]
Neither the Canadian Securities Exchange (the “CSE”) nor its Regulation Services Provider (as
that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy
of this release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
This news release includes certai n "forward -looking statements" under applicable Canadian
securities legislation. Forward -looking statements consist of statements that are not purely
historical, including any statements regarding beliefs, plans, expectations or intentions regarding
the future. Forward-looking statements in this news release include statements with respect to
receipt of final approval from the Canadian Securities Exchange and the expected timing of
commencement of trading. Forward -looking statements are subject to various k nown and
unknown risks and uncertainties that may cause actual results, performance or developments to
differ materially from those contained in the statements, including risks related to factors beyond
the control of the Company, including, but not limited to: changes in general economic conditions
or conditions in the financial and capital markets; uncertainties related to the availability and costs
of financing needed in the future; business and economic conditions in the mineral exploration
industry gen erally; the supply and demand for labour and other project inputs; changes in
commodity prices; changes in interest and currency exchange rates; risks related to inaccurate
geological and engineering assumptions; risks relating to unanticipated operational difficulties
(including failure of equipment or processes to operate in accordance with the specifications or
expectations, unavailability of materials and equipment, government action or delays in the receipt
of government approvals, industrial disturban ces or other job action and unanticipated events
related to health, safety and environmental matters); risks related to adverse weather conditions
and geopolitical risk and social unrest. There can be no assurance that such statements will prove
to be accurate, as actual results and future events could differ materially from those anticipated
in such statements. Accordingly, readers should not place undue reliance on forward -looking
statements. The Company disclaims any intention or obligation to update or revise any forward-
looking statements, whether as a result of new information, future events or otherwise, except as
required by law.