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Sorrento Resources Ltd. Announces Purchase Agreement for Lord Baron Project with Naughty Ventures Corp.
Newsfile· 2025-10-17 09:30
Core Viewpoint - Sorrento Resources Ltd. has entered into a purchase agreement with Naughty Ventures Corp. for the acquisition of the Lord Baron property, allowing Sorrento to focus on its other projects [1][2]. Group 1: Purchase Agreement Details - Naughty Ventures will acquire a 100% undivided interest in the Lord Baron Property in exchange for issuing 1,000,000 common shares at a deemed price of $0.18 per share, subject to a 2% net smelter returns royalty [3]. - The acquisition is expected to close in the coming weeks, pending necessary consents and approvals, including from the Canadian Securities Exchange [4]. Group 2: Company Focus and Strategy - Sorrento Resources aims to concentrate on the Bottom Brook Rare Earth Element Project and the Rodgers Cove Gold Project, leading to the decision to monetize the Lord Baron Project [2]. - Naughty Ventures is focused on acquiring and developing mineral assets with strong value potential, and it has a significant equity position in Mammoth Minerals Limited and interests in other mineral projects [6][7].
First American Uranium Announces Closing of Final Tranche of Oversubscribed Non-Brokered Private Placement of Shares
Globenewswire· 2025-10-01 22:00
- NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES - Vancouver, British Columbia, Oct. 01, 2025 (GLOBE NEWSWIRE) -- First American Uranium Inc. (CSE: URM) (FSE: IOR) (OTCPK: FAUMF) (the “Company”) is pleased to announce, further to its news releases of August 14, August 29 and September 19, 2025, that the Company has closed the third and final tranche of the previously announced non-brokered private placement (the “Offering”) of common shares in the capital of the Company (the “S ...
Lexston Issues 75,000 Shares Pursuant to the Dory Property Option Agreement
Thenewswire· 2025-08-07 16:40
Core Points - Lexston Mining Corporation has issued 75,000 common shares to acquire the remaining 49% interest in the Dory Property as per the Dory Property Option Agreement [1][2] - The company has made a cash payment of $10,000 and is required to incur $100,000 in exploration expenditures by October 19, 2025 to complete the acquisition [2] - The Dory Property spans 1,348 hectares and is located 25 km west of Port Alberni, British Columbia, with potential resources including copper, gold, and zinc [3] Financial Details - The total number of common shares issued and outstanding by the company is now 14,793,304 [3] - The newly issued shares are subject to a statutory hold period of four months and one day, expiring on December 8, 2025 [3]