Lucky Announces Corporate Update

Core Viewpoint - Lucky Minerals Inc. has announced amendments to its Option Agreement, extending the deadlines for completing the transaction and clarifying terms related to the acquisition of mineral claims [1][2][3]. Group 1: Option Agreement Amendments - The Outside Date for completing the transaction has been extended from April 30, 2025, to June 30, 2025, and subsequently to August 31, 2025, and then to October 31, 2025 [1][2][3]. - The Option Agreement has been clarified through multiple amending agreements to ensure all parties understand their obligations [1][2][3]. Group 2: Mineral Claims Transfer - Fire Gold Resources Inc. transferred approximately 135 mineral claims to Patricia Lafontaine, with 46 claims allowed to lapse as they were not significant to the acquisition [4]. - As of April 28, 2025, Patricia Lafontaine is the sole holder of the transferred claims under the amended Option Agreement [4]. Group 3: Financial Obligations and Payments - The Company has made various cash payments under the Option Agreement, including $20,000 for work expenditures completed prior to June 30, 2025, and additional payments totaling $95,000 for various agreements and fees [5][6][7]. - The Company is required to issue a maximum of 7,500,000 shares at a floor price of $0.10, pay $750,000, and incur $4,000,000 in expenditures to complete the acquisition [8]. Group 4: Regulatory Approvals and Funding - The completion of the transactions is subject to receiving all required regulatory approvals [9]. - The Company is completing a private placement for aggregate gross proceeds of $1,080,000, with estimated allocations of $800,000 for working capital and debt reduction, and $200,000 for property-related expenses [9].