Goldflare Announces Its Reinstatement to Trading Along with Other Updates

Core Points - Goldflare Exploration Inc. is set for reinstatement following a review by the AMF and TSX Venture Exchange [1] Group 1: Acquisition and Financial Updates - Goldflare accepted a purchase offer from Multi-Ressources Boréal for its Duplessis-Agar and Duplessis-Mountain properties valued at CAD $250,000, payable in cash over three installments [1] - The company corrected a previous press release regarding a private placement, which raised $15,000 at a price of $0.045 per unit, totaling 333,334 units, with no insider participation [1] - Goldflare reported a working capital deficiency of $350,203 in its interim financial statements for the three months ended May 31, 2025, but plans to raise capital through private placements post-reinstatement [1] Group 2: Market Making and Compliance - Goldflare retained Venture Liquidity Providers Inc. for market-making services, paying CAD $5,000 per month for an initial three-month period, which was terminated on January 10, 2025 [1] - The company has not held an Annual General Meeting since August 21, 2024, and is required to hold one within 90 days of reinstatement, scheduled for March 6, 2026 [1] - The largest creditor, Orbit Garant, may accept payment in shares if the company's financial situation allows, contingent on reinstatement [1]