Forty Pillars Mining Corp. Enters into Share Exchange Agreement to Acquire Tamed Ming Corp.
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OR FOR DISSEMINATION IN THE UNITED STATES
Forty Pillars Mining Corp. Enters into Share Exchange Agreement to Acquire Tamed Ming Corp.
Vancouver, B.C. – September 9, 2024 ‐ Forty Pillars Mining Corp. (CSE: PLLR) (the “Company” or
“Forty Pillars ”) is pleased to announce that it has entered into a share exchange agreement dated
September 9, 2024 with Tamed Mining Corp. (“Tamed Mining ”) and the shareholders of Tamed
Mining to acquire 100% of the issued and outstanding common shares of Tamed Mining in
consideration for an aggregate of 10,000,000 common shares of the Company at a deemed price of
$0.0975 per share (the “Consideration Shares”). Tamed Mining is a privately held arm’s length party,
incorporated in British Columbia that holds an interest in eleven mineral claims located in Quebec (the
“Quebec Claims”) and three mineral claims located in Idaho.
The proposed transaction remains subject to customary conditions of closing, including the Company
completing due diligence to its satisfaction and the approval of the Canadian Securities Exchange (if
required), and is expected to complete shortly. There are no guarantees that the proposed transaction
will be completed as contemplated or at all.
The Consideration Shares will be issued pursuant to an exemption from the prospectus requirements
under applicable securities laws pursuant to Section 2.16 of National Instrument 45-106. 5,000,000 of
the Consideration Shares issuable in connection with the acquisition, will be subject to a voluntary
resale restriction for a period of four months from the date of issuance, and the balance of the
5,000,000 Consideration Shares issuable in connection with the acquisition will be free trading upon
issuance.
Quebec Claims
The Quebec Claims are located on contiguous properties on the west side of Lac de la Corvette 315 km
east of Wemindji, Quebec on James Bay and cover an area 565.22 hectares. The area is composed of
Mesoarchean volcanic amphibolite (basalt and andesite) of the Rouget Formation, and Neoarchean
paragneiss of the Marbot Formation, as well as the southern contact of the gneissic tonalite and diorite
of the Pluton of Post de la Moyne. The Quebec Claims are approximately 11 km south of the prolific
Shaakichiuwaanaan Project (formerly known as Corvette Project) hard rock lithium (spodumene)
pegmatite discovery reported by Patriot Battery Metals Inc., considered one of the top 10 largest
lithium pegmatite discoveries in the world (Patriot Battery Metals Inc. website).
Qualified Person
Harrison Cookenboo, Ph. D., P. Geo., is a non-independent qualified person for the purpose of National
Instrument 43-101, has reviewed and approved the contents of this news release.
About Forty Pillars
Forty Pillar s Mini ng Corp . i s a Vancouver , B.C . bas ed mineral exploratio n comp any focus ed on
exploring the Silver Dollar Project located in the Greenwood Mining Division, B.C.
FOR FURTHER INFORMATION CONTACT:
Nader Vatanchi
Chief Executive Officer
p: 778-881-4631
Neither the Canadian Securities Exchange nor its Market Regulator (as the term is defined in the
policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of
this news release.
Certain information contained herein constitutes “forward -looking information” under Canadian
securities legislation. Forward -looking information includes, but is not limited to the Company
completing the acquisition of Tamed Mining, receipt of approval by the Canadian Securities Exchange,
and the resale restrictions applicable to the Consideration Shares . Generally, forward -looking
information can be identified by the use of forward -looking terminology such as “anticipates”,
“anticipated” “expected” “intends” “will” or variations of such words and phrases or statements that
certain actions, events or results “will” occur. Forward -looking statements are based on the opinions
and estimates of management as of the date such statements are made and they are from those
expressed or implied by such forward -looking statements or forward -looking information subject to
known and unknown risks, uncertainties and other factors that may cause the actual results to be
materially different, including receipt of all necessary regulatory approvals. Although management of
the Company have attempted to identify important factors that could cause actual results to differ
materially from those contained in forward -looking statements or forward -looking information, there
may be other factors that cause results not to be as anticipated, estimated or intended. 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 and forward-looking information. The Company will not
update any forward -looking statements or forward -looking information that are incorporated by
reference herein, except as required by applicable securities laws.