Clover Leaf Capital Clover Leaf Capital Updates Qualifying Transaction with North Shore Energy Metals
Clover Leaf Capital
Clover Leaf Capital Updates Qualifying Transaction
with North Shore Energy Metals
Vancouver, Canada – June 30, 2023 – Clover Leaf Capital Corp. (TSX-V: CLVR.P) (“Clover
Leaf” or the “Company”) announces that it has agreed to extend the outside date of completion of
its qualifying transaction (the “Transaction”) with North Shore Energy Metals Ltd. (“North Shore
Energy”), (announced in the Company’s press releases dated December 23, 2022, and March 31,
2023) from June 30, 2023 to October 31, 2023.
Concurrently, Clover Leaf has agreed to extend the maturity date of the loans drawn under the
Credit Facility to October 31, 2023. The terms of the Credit Facility are described in the Company’s
press release dated March 31, 2023.
North Shore Energy is a private mineral exploration company focused on uranium exploration at
the eastern margin of the Athabasca Basin through its 55,700 hectare Falcon property and its 4,500
hectare West Bear property located 90 kilometres to the northeast.
The Transaction remains subject to conditions, including but not limited to, TSX Venture Exchange
(“TSXV”) acceptance and, if applicable pursuant to TSXV requirements, majority of the minority
shareholder approval. Where applicable, t he Transaction cannot close until the required
shareholder approval is obtained. There can be no assurance that the T ransaction will be
completed as proposed or at all. Investors are cautioned that, except as disclosed in the
management information circular or filing statement to be prepared in connection with the
Transaction, any information released or received with respect to the T ransaction may not be
accurate or complete and should not be relied upon. Trading in the securities of a capital pool
company should be considered highly speculative. The TSXV has in no way passed upon the merits
of the proposed transaction and has neither approved nor disapproved the contents of this press
release.
On behalf of the Board of Directors
Tsend Tseren
Chief Executive Officer
Contact Information - For more information, please contact:
Ben Meyer
Corporate Secretary
Tel: 604.536.2711
Email: [email protected]
Clover Leaf Capital
Neither TSX Venture Exchange nor its Regulation Services Provi der (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
This news release does not constitute an offer to sell or the solicitation of an offer to buy any
securities in any jurisdiction.
Cautionary Statement Regarding Forward-Looking Information
This news release contains certain forward-looking statements, including statements relating to the
Credit Facility, the Transaction and certain terms and conditions thereof, the ability of the parties
to complete the Transaction, and any other statements that are not historical facts. Wherever
possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”,
“anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations
of these words , or similar words or phrases, have been used to identify these forward- looking
statements. These statements reflect management's current beliefs and are based on information
currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors
could cause actual results, performance or achievements to differ materially from the results
discussed or implied in the forward-looking statements. These risks and uncertainties include, but
are not limited to geological risks, risks associated with the financial markets generally, the results
of the due diligence investigations to be conducted in connection with the Transaction, the ability
of the Company to complete the Transaction or obtain requisite TSXV acceptance and, if
applicable, shareholder approvals. As a result, the Company cannot guarantee that the
Transaction will be completed on the terms described herein or at all. These factors should be
considered carefully and readers should not place undue reliance on the forward- looking
statements. Although the forward-looking statements contained in this press release are based upon
what management believes to be reasonable assumptions, the Company cannot assure readers that
actual results will be consistent with these forward -looking statements. These forward- looking
statements are made as of the date of this press release, and the Company assumes no obligation
to update or revise them to reflect new events or circumstances, except as required by law.