Confederation Minerals Clarifies Previously Announced Shares for Debt Settlement
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CONFEDERATION MINERALS LTD.
Suite 1980, 1075 West Georgia Street,
Vancouver, British Columbia, V6E 3C9
Tel: 604 688 9588; Fax: 778 329 9361
June 15, 2018 TSX-V Symbol: CFM
Confederation Minerals Clarifies Previously Announced Shares for Debt Settlement
Vancouver, British Columbia, Canada, Confederation Minerals Ltd. (TSX-V: CFM) (“ Confederation” or the
“Company”) announces that further to its news release of May 2, 2018 announcing the proposed settlement of a
total of $200,000 of debt (the “ Debt”) by the issuance of 597,014 common shares of the Company at a deemed
price of $0.335 per common share (the “Shares for Debt Settlement”) that the Shares for Debt Settlement is with
one arm’s length party and one related party (“ Related Party ”), not two arm’s length parties as previously
disclosed. The Company will issue 298,507 common shares (the “ Shares”) to the Related Party in connection
with the Shares for Debt Settlement.
The issuance of Shares to the Related Party, pursuant to the Shares for Debt Settlement, constitutes a "related
party transaction" as this term is defined in Multilateral Instrument 61-101 - Protection of Minority
Securityholders in Special Transactions ("MI 61-101 "). The Company relies on the exemption from valuation
requirement and minority approval pursuant to subsection 5.5(a) and 5.7(a) of MI 61-101, respectively, as the
securities do not represent more than 25% of the Company’s market capitalization, as determined in accordance
with MI 61-101. The participation by the Related Party in the Shares for Debt Settlement was approved by
directors of the Company who are independent in connection with such transactions.
All securities issued in connection with the Shares for Debt Settlement will be subject to a statutory hold period
offour months plus a day from the date of issuance in accordance with applicable securities legislation.
Closing of the Shares for Debt Settlement is subject to a number of conditions, including receipt of all necessary
corporate and regulatory approvals, including the TSX Venture Exchange.
On behalf of the Board of Directors,
Confederation Minerals Ltd.
“David Velisek”
David Velisek
Director
CORPORATE INQUIRIES
Confederation Minerals Ltd.
Suite 1980, 1075 West Georgia Street
Vancouver, B.C.
604.688.9588
www.confederationmineralsltd.com
About CFM
Confederation Minerals Ltd. is a British Columbia based company engaged in the business of acquisition,
exploration and development of mineral properties. Its objective is to locate and develop economic precious and
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base metals properties of merit. Confederation Minerals Ltd. owns 70% of the Newman Todd project in the Red
Lake Mining District of Northern Ontario, as well as 100% ownership in another property in the Red Lake Mining
District of Ontario.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.