Arctic Fox Ventures Inc. Executes Definitive Agreement to Acquire the Kana Lake Lithium Project in the James Bay Region of Quebec
Arctic Fox Ventures Inc. Executes Definitive Agreement to Acquire the Kana Lake Lithium Project in the James Bay Region of Quebec
Vancouver, British Columbia--(Newsfile Corp. - January 30, 2023) - Arctic Fox Ventures Inc. (CSE: AFX) (the "Company") is pleased to announce that, further to its previous press release dated January 12, 2023, the Company has entered into a Definitive Agreement (the "Agreement") with Pipeline Capital Corp. ("Pipeline") to acquire 37 active mineral claims located in the James Bay region of Quebec. The 37 mineral claims known as the Kana Lake Lithium project consists of 2,100 hectares of land. Under the terms of the Agreement the Company will issue 12,000,000 common shares to the shareholders of Pipeline at price for common share equivalent to the closing price of the common shares of the Company on the closing date. In addition, the Company will pay to the shareholders of Pipeline $50,000 on the closing date, $50,000 on the date that is 90 days from the closing date and $50,000 on the date that is 180 days from the closing date. On closing the Company will become the sole shareholder of Pipeline. It is currently anticipated that the closing date will occur on or before January 31, 2023.
不列颠哥伦比亚省温哥华--(Newsfile Corp.,2023 年 1 月 30 日)——北极狐风险投资公司(CSE:AFX)(the”公司“) 很高兴地宣布,继2023年1月12日发布的新闻稿之后,公司已签订最终协议(”协议“) 与 Pipeline Capital Corp.管道“) 收购位于魁北克詹姆斯湾地区的37个活跃矿产权。名为Kana Lake Lithium项目的37个矿产地包括2,100公顷的土地。根据协议条款,公司将向Pipeline的股东发行12,000,000股普通股,其普通股价格相当于公司普通股在收盘日的收盘价。此外,公司将在截止日期向Pipeline的股东支付5万美元,在自截止日期起90天之日向Pipeline的股东支付5万美元,在自截止日期起180天之日向Pipeline的股东支付5万美元。收盘后,公司将成为Pipeline的唯一股东。目前预计截止日期将在2023年1月31日或之前。
Harry Chew, President and CEO, commented: "I am very pleased that we are able to close on the acquisition of what we view to be a very prospective lithium property in the James Bay region of Quebec".
总裁兼首席执行官Harry Chew评论说:“我很高兴我们能够完成对魁北克詹姆斯湾地区一个非常有前景的锂资产的收购”。
The acquisition will not constitute a change of business for the Company.
此次收购不会构成公司的业务变动。
About Kana Lake
关于神奈湖
The Kana Lake Lithium project is located north of the Fliszar Lithium showing in the James Bay region of Quebec. During a survey of the property conducted by the Quebec Ministry ("MERN"), field geologists identified a pegmatite trend over 6 kilometres long with at least 10 pegmatite outcrops. Most of the pegmatite exposures are over 900 meters square in size.
Kana Lake Lithium项目位于魁北克詹姆斯湾地区的Fliszar锂展以北。在魁北克省财政部对房产进行的调查中(”MERN“),实地地质学家发现了长达6公里的伟晶岩趋势,至少有10个伟晶岩露头。大多数伟晶岩曝光的面积都超过900平方米。
During a summer/fall 2022 survey program conducted by the Quebec Ministry (MERN) their geologists identified this area as a new lithium prospective zone that is characterized by the presence of numerous E-W trending pegmatitic granite dykes. The presence of garnet and muscovite in these rocks indicates a hyperaluminous composition, suitable for the development of lithium mineralization. These pegmatites are consistent with the Fliszar Lithium showing to the south of the property, where three grab samples rich in lepidolite, returned up to 1.83% LiO2, 0.34% Cs, 1.11% Rb, 126 ppm Nb, 374 ppm Ta and 0.3% B*.
在魁北克部(MERN)进行的 2022 年夏季/秋季调查计划中,他们的地质学家将该地区确定为一个新的锂矿前景区,其特点是存在许多朝东方向的伟晶岩花岗岩堤坝。这些岩石中存在石榴石和白云母表明其高铝成分,适合锂矿化的发展。这些伟晶岩与该物业以南的Fliszar Lithium一致,那里三个富含锂云母的采集样本返回了1.83%的LiO2、0.34%的Cs、1.11%的Rb、126 ppm Nb、374 ppm Ta和0.3%的B*。
For further information, please contact:
欲了解更多信息,请联系:
Harry Chew, President, CEO
Phone: (604) 689-2646
Chew,总裁兼首席执行官
电话:(604) 689-2646
On behalf of the Board of Directors,
代表董事会,
"Harry Chew"
“Harry Chew”
Harry Chew
President & CEO
Arctic Fox Ventures Inc.
哈里·周
总裁兼首席执行官
北极狐风险投资公司
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release.
加拿大证券交易所及其监管服务提供商(该术语在加拿大证券交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。
* This news release contains information about adjacent properties on which Arctic Fox has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company's properties.
* 本新闻稿包含有关北极狐无权探索或开采的邻近房产的信息。提醒读者,邻近物业上的矿床并不表示公司物业上有矿藏。
The technical information contained within this News Release has been reviewed and approved by Gerald G. Carlson, Ph.D., P.Eng., Director of Arctic Fox and Qualified Person as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects.
本新闻稿中包含的技术信息已由杰拉尔德·卡尔森博士、P.Eng.、Arctic Fox董事兼美国国家仪器43-101矿业项目披露标准所定义的合格人员审查和批准。
Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address any activities and events or developments that Arctic Fox Ventures Inc. ("Arctic Fox") expects to occur, are forward-looking statements. Although Arctic Fox believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Forward-looking statements in this press release include, but are not limited to, statements relating to: the closing of the acquisition described in this press release; future share issuances; the completion of all terms as described in the Agreement; and the future potential of the property described in this press release. Factors that could cause actual results to differ materially from those in forward looking statements include the failure to close the acquisition on the timing and terms as contemplated in the Agreement or at all; uncertainty with respect to the results of future exploration and the ability to conduct any exploration activities on the property described in this press release; market prices; disruptions relating to the COVID-19 pandemic; and continued availability of capital and financing and general economic, market or business conditions. These statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions; in order to conduct anticipated exploration activities; and that all necessary approvals (regulatory and otherwise) required in respect of the acquisition and share issuances described in this press release will be obtained. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Arctic Fox does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
前瞻性信息: 本新闻稿包括某些可能被视为 “前瞻性陈述” 的陈述。除历史事实陈述外,本新闻稿中涉及北极狐风险投资公司的任何活动、事件或事态发展的所有陈述(”北极狐“) 预计会发生,是前瞻性陈述。尽管北极狐认为此类前瞻性陈述中表达的预期是基于合理的假设,但此类陈述并不能保证未来的业绩,实际结果或发展可能与这些前瞻性陈述存在重大差异。本新闻稿中的前瞻性陈述包括但不限于与以下内容有关的声明:本新闻稿中描述的收购完成;未来的股票发行;协议中描述的所有条款的完成;以及本新闻稿中描述的房产的未来潜力。可能导致实际结果与前瞻性声明中的结果存在重大差异的因素包括未能按照协议中设想的时间和条款完成收购;未来勘探结果以及在本新闻稿中描述的物业上进行任何勘探活动的能力存在不确定性;市场价格;与 COVID-19 疫情相关的中断;以及资本和融资的持续可用性以及总体经济、市场或商业状况。这些陈述基于许多假设,包括对总体商业和经济状况的假设;以便开展预期的勘探活动;以及将获得本新闻稿中描述的收购和股票发行所需的所有必要批准(监管部门和其他许可)。投资者请注意,任何此类陈述都不能保证未来的业绩,实际结果或发展可能与前瞻性陈述中的预测存在重大差异。除非适用法律要求,否则Arctic Fox不承担任何义务更新或修改其前瞻性陈述,无论是由于新信息、未来事件还是其他原因。
To view the source version of this press release, please visit
要查看本新闻稿的源版本,请访问