Northern Shield Announces Warrant Extension
Northern Shield Announces Warrant Extension
OTTAWA, ON
,
March 10, 2025
/CNW/ - Northern Shield Resources Inc. ("
Northern Shield
" or the
"
Company
") (TSXV: NRN) announces that the Company intends to extend the exercise period of a
total of 3,012,308 common share purchase warrants, 2,750,000 of which are exercisable at
$0
.10 per common share and 262,308 of which are exercisable at
$0.125
per common share
(collectively, the "
Warrants
"). The Warrants were issued pursuant to two tranches of a private
placement which closed on
March 21
st
and
April 7
th
2023. The Company proposes to extend the
expiry dates for these Warrants by one (1) additional year, and accordingly, the new expiry dates
for the Warrants will be
March 22nd
and
April 8th, 2026
All other terms and conditions of the Warrants remain unchanged. The Warrant extension is subject
to acceptance by the TSX Venture Exchange.
About Northern Shield Resources
Northern Shield Resources Inc. is a Canadian-based company known as a leader in generating high-
quality exploration targets that views greenfield exploration as an opportunity to find a Tier 1 asset,
near surface, and at relatively low cost. We implement a model driven exploration approach to
reduce the risk associated with early-stage projects for ourselves, our shareholders, and the
environment. This approach led us to option the Root & Cellar Property from a
Newfoundland
prospector, who discovered the mineralization, and then its advancement to a large gold-silver-
tellurium and copper porphyry system.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Statement Regarding Forward-Looking Statements
This news release contains forward-looking statements, which relate to future events or future
performance and reflect management's current expectations and assumptions, including the
acceptance of the extension to the term of the warrants by the TSX Venture Exchange. Such
forward-looking statements reflect management's current beliefs and are based on assumptions
made by and information currently available to the Company. Investors are cautioned that these
forward looking statements are neither promises nor guarantees, and are subject to risks and
uncertainties that may cause future results to differ materially from those expected. These forward-
looking statements are made as of the date hereof and, except as required under applicable
securities legislation, the Company does not assume any obligation to update or revise them to
reflect new events or circumstances except as required by applicable law. All of the forward-
looking statements made in this press release are qualified by these cautionary statements and by
those made in our filings with SEDAR in
Canada
(available at
www.sedar.com
).
SOURCE
Northern Shield Resources Inc.
View original content:
http://www.newswire.ca/en/releases/archive/March2025/10/c4035.html
%SEDAR: 00007505E
For further information:
Northern Shield Resources Inc., Ian Bliss, President and CEO, Tel.: (613)
232-0459, Fax: (613) 232-0760, [email protected]
CO: Northern Shield Resources Inc.
CNW 08:00e 10-MAR-25