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Naughty Ventures Corp. Announces Acquisition of Non-Voting Preferred Shares of Freeport Recovery Group Inc.
TMX Newsfile· 2026-01-19 22:00
Core Viewpoint - Naughty Ventures Corp. has made a strategic investment of $250,000 in Freeport Recovery Group Inc. by acquiring 2,500,000 non-voting preferred shares at a price of $0.10 per share, reflecting a focus on disciplined capital allocation and investments outside traditional mineral exploration [1][2]. Company Overview - Freeport Recovery Group Inc. is a privately held company that specializes in the acquisition, development, and operation of recovery-based businesses, emphasizing asset recovery, specialty services, and scalable cash-flow-generating operations [2]. - The management team of Freeport Recovery Group has extensive experience in operations, restructuring, and value creation across various industries [2]. Investment Rationale - The investment aligns with the company's strategy of disciplined capital allocation and reflects a commitment to supporting businesses that address addiction and mental health challenges, which have personal significance to the CEO of Naughty Ventures [2][3]. - The CEO of Naughty Ventures expressed strong confidence in Freeport's operational strengths and the professionalism of its team after visiting their facilities [2]. Personal Investment - In addition to the corporate investment, the CEO has personally invested $250,000 in Freeport through a private corporation, Canal Front Investments, to match the company's subscription [4]. - The company intends to continue supporting Freeport Recovery Group as further investment opportunities arise, despite current capital allocation considerations limiting the investment amount [4]. Company Profile - Naughty Ventures Corp. is a Canadian exploration and investment company focused on acquiring and developing mineral assets with strong value potential, as well as investing in select private and public companies with exceptional management and high-growth opportunities [5].