Glorious Creation Announces Proposed Acquisition of Uranium Assets in the Eastern Athabasca Basin of Saskatchewan, From Stallion Uranium Corp.
Glorious Creation Announces Proposed Acquisition of Uranium Assets in the Eastern Athabasca Basin of Saskatchewan, From Stallion Uranium Corp.
Exhibit #1
展品 #1
VANCOUVER, British Columbia, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Glorious Creation Limited ("Glorious" or the "Company") (CSE: GCIT.X) is pleased to announce that the Company has entered into a definitive purchase and sale agreement (the "Definitive Agreement") dated February 12, 2024 with Stallion Uranium Corp. ("Stallion"), a British Columbia mineral exploration company with its common shares listed for trading on the TSX Venture Exchange (the "TSXV"). Pursuant to the Definitive Agreement, the Company will acquire three separate mineral properties comprised of an aggregate of seven mineral claims, covering a total of 10,874 hectares (approximately 100 square kilometers), located in Eastern Athabasca Basin of Saskatchewan (collectively, the "Properties") from Stallion (the "Transaction").
不列顛哥倫比亞省溫哥華,2024年2月14日(GLOBE NEWSWIRE)——Glorious Creation Limited(“Glorious” 或 “公司”)(CSE:GCIT.X)欣然宣佈,公司已於2024年2月12日與不列顛哥倫比亞省礦產勘探公司Stallion Uranium Corp.(“Stallion”)簽訂了最終買賣協議(“最終協議”),後者是一家普通股在多倫多證券交易所上市交易的不列顛哥倫比亞省礦產勘探公司風險交易所(“TSXV”)。根據最終協議,公司將從Stallion手中收購位於薩斯喀徹溫省東阿薩巴斯卡盆地的三處獨立礦產地產(統稱 “房產”),總面積爲10,874公頃(約100平方千米),總面積爲10,874公頃(約合100平方千米)(統稱 “財產”)。
The Transaction is subject to the approval of the Canadian Securities Exchange ("CSE") and is intended to constitute a Fundamental Change of Glorious as defined in CSE Policy 8 – Fundamental Changes and Changes of Business. Subject to CSE approval, upon the closing of the Transaction (the "Closing"), the business of the Company resulting from the Transaction will primarily be the exploration for uranium on the Properties.
該交易需獲得加拿大證券交易所(“CSE”)的批准,旨在構成CSE政策8中定義的Glorious的根本性變革— 基本變化和業務變化。經CSE批准,交易完成後(“收盤”),本次交易產生的公司業務將主要是在物業上勘探鈾。
Trading in the Company's common shares (the "Shares") on the CSE was halted in connection with this news release. Trading in the Shares will remain halted pending the review of the Transaction by the CSE and satisfaction of any conditions of the CSE for resumption of trading. It is likely that that the Shares will not resume trading until the Closing.
由於本新聞稿,公司在CSE的普通股(“股票”)的交易已暫停。在CSE對交易進行審查以及滿足CSE恢復交易的任何條件之前,股票的交易將保持暫停。股票可能要等到收盤時才會恢復交易。
The Properties
這些房產
The Ford Lake project consists of three claims covering an area of 7,431 hectares in the prolific Eastern Athabasca Basin near the margin of the Mudjuik and Wollaston Domains. Ford Lake is prospectively highlighted by the recent CanAlaska Uranium Ltd. high-grade discovery hole at Moon Lake only 10km to the northeast. The uranium endowment of the area is proven by the significant deposits of the Key Lake Mine only 15km to the southeast and less than 20km from Cameco Corp.'s Millennium deposit, and less than 20km from Denison Mines Corp.'s Gryphon and Phoenix deposits with uranium mineral reserves of 106.4 Mlbs (Million Pounds) U3O8.12
福特湖項目包括三項索賠,佔地7,431公頃,位於多產的東阿薩巴斯卡盆地,靠近穆傑克和沃拉斯頓領地邊緣。最近位於東北僅10公里處的月亮湖的Canalaska鈾業有限公司高品位發現洞展望了福特湖。東南僅15公里處、距離Cameco Corp. 不到20公里的Key Lake礦的重要礦牀證明了該地區的鈾儲量。”是千禧礦牀,距離丹尼森礦業公司不到 20 公里s Gryphon 和 Phoenix 礦牀,鈾礦儲量爲 106.4 Mlbs(百萬英鎊)U3O8。12
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1 NI 43-101 Technical Report on the Wheeler River Project Athabasca Basin, Saskatchewan, Canada dated June 20, 2023
2 Denison Mines Corp. – Core Projects – Wheeler River Project
1 NI 43-101 2023 年 6 月 20 日關於加拿大薩斯喀徹溫省阿薩巴斯卡盆地惠勒河項目技術報告
2 丹尼森礦業公司 — 核心項目 — 惠勒河項目
Each of the Cigar Lake East and Roughrider South projects are located in the Eastern Athabasca Basin in northwest Saskatchewan. The Cigar Lake East and Roughrider South projects consists of four claims covering a total area of 3,443 hectares in the Wollaston Domain in the Eastern Athabasca Basin.
Cigar Lake East和Roughrider South的每個項目都位於薩斯喀徹溫省西北部的阿薩巴斯卡盆地東部。Cigar Lake East和Roughrider South項目包括四項索賠,總面積爲3,443公頃,位於阿薩巴斯卡盆地東部的沃拉斯頓領地。
Drew Zimmerman, CEO of Stallion Uranium Corp stated "We are excited to see our three eastern basin projects move into the hands of Glorious, while still being able to benefit from their success. These projects warrant, and will now receive, a committed uranium exploration program led by our world class technical and geological team at a time when the world needs meaningful uranium discoveries. All three projects are located in the heart of the world-renowned Eastern Athabasca Basin and hold significant potential for discovery."
Stallion Uranium Corp首席執行官德魯·齊默爾曼表示 “我們很高興看到我們的三個東部盆地項目移交到Glorious手中,同時仍然能夠從它們的成功中受益。在世界需要有意義的鈾發現之際,這些項目有保證,現在將獲得由我們世界一流的技術和地質團隊領導的承諾鈾勘探計劃。這三個項目都位於舉世聞名的東阿薩巴斯卡盆地的中心地帶,具有巨大的發現潛力。”
CEO Nicholas Luksha expressed enthusiasm stating, "Today marks a significant milestone for our shareholders as we secure a strategic land position in one of the most renowned Uranium regions in the world. The full control of this acquisition adds up to approximately 100 square kilometers, and is situated in a significant area with recent Uranium discoveries. This exciting opportunity has generated enthusiasm amongst our team and operating partners at Stallion Uranium. Collaborating on this turnkey operation, we aim to establish robust leadership and harness the expertise of the existing technical team to commence drilling on the most promising targets as soon as this summer. The ambitious strategy we have in motion is poised to substantially enhance shareholder value."
首席執行官尼古拉斯·盧克沙表達了熱情,他說: “今天對我們的股東來說是一個重要的里程碑,因爲我們在世界上最著名的鈾地區之一獲得了戰略土地地位。此次收購的全部控制權總計約爲100平方千米,位於最近發現鈾的重要區域。這個激動人心的機會激發了我們的Stallion Uranium團隊和運營合作伙伴的熱情。合作開展這項一站式作業,我們的目標是建立強大的領導能力,並利用現有技術團隊的專業知識,儘快在今年夏天開始對最有前途的目標進行鑽探。我們正在實施的雄心勃勃的戰略有望大幅提高股東價值。“
Exhibit #1. Ford Lake, Cigar Lake East, and Roughrider South shown above with all other Uranium activity in the general region.
展品 #1.上圖顯示了福特湖、東雪茄湖和南方Roughrider South以及該地區的所有其他鈾活動。
The Transaction
這筆交易
The Definitive Agreement provides that the Company will acquire the Properties from Stallion for the following consideration:
最終協議規定,公司將出於以下對價從Stallion手中收購房產:
- concurrently with the signing the Definitive Agreement, a cash payment of $100,000.00 (the "Deposit"), which one half of the Deposit ($50,000) will be refundable by Stallion to Glorious if Glorious does not obtain approval from the CSE;
- on the date of the Closing (the "Closing Date"), a cash payment of $300,000.00;
- an aggregate of 2,500,000 Shares to be issued by the Company to Stallion as follows:
- 500,000 Shares on the date which is six (6) months following the Closing Date,
- 500,000 Shares on the date which is twelve (12) months following the Closing Date,
- 500,000 Shares on the date which is eighteen (18) months following the Closing Date, and
- 1,000,000 Shares on the date which is twenty-four (24) months following the Closing Date; and
- a 3.0% net smelter return royalty on the Properties in favour of Stallion (the "Royalty").
- 在簽署最終協議的同時,還將向Glorious退還100,000.00美元的現金(“存款”),如果Glorious沒有獲得CSE的批准,Stallion將這筆存款的一半(50,000美元)退還給Glorious;
- 在截止日期(“截止日期”),現金支付300,000.00美元;
- 公司將向Stallion共發行250萬股股票,具體如下:
- 截至截止日期後的六(6)個月之日有50萬股股票,
- 截至截止日期後的十二(12)個月之日有50萬股股票,
- 截至截止日期後十八(18)個月之日有500,000股股票,以及
- 截至截止日期後二十四(24)個月之日爲1,000,000股股票;以及
- 冶煉廠淨收益率爲3.0%,回報率爲Stallion(“特許權使用費”)。
The terms of the Royalty will be governed by a net smelter return royalty agreement (the "Royalty Agreement") to be entered into between the Company and Stallion at Closing. The parties agreed to negotiate in good faith to settle the terms of the Royalty Agreement promptly following the execution of the Definitive Agreement. The Royalty Agreement will include a 1.5% buy-back right in favour of the Company which can be exercised at any point prior to commercial production as follows: (a) $500,000 for 0.5%; (b) $750,000 for a second 0.5%; and (c) $1,000,000 for a third 0.5%.
特許權使用費的條款將受淨冶煉廠回報特許權使用費協議(“特許權使用費協議”)的約束,該協議將在收盤時由公司與Stallion簽訂。雙方同意進行真誠的談判,以在最終協議執行後立即解決特許權使用費協議的條款。特許權使用費協議將包括有利於公司的1.5%的回購權,該回購權可以在商業生產之前的任何時候行使,具體如下:(a)50萬美元爲0.5%;(b)第二次0.5%的75萬美元;(c)100萬美元爲第三份0.5%。
The Company and Stallion have also agreed to enter into an operating agreement (the "Operating Agreement") pursuant to which Stallion will conduct an agreed upon exploration program on one or more of the Properties.
該公司和Stallion還同意簽訂運營協議(“運營協議”),根據該協議,Stallion將對其中一處或多處房產進行商定的勘探計劃。
The completion of the Transaction is subject to the satisfaction of various conditions as are standard for a transaction of this nature, including, but not limited to: (i) receipt of all requisite consents, waivers and approvals for the Transaction, including the approval of the CSE, the approval by the holders of at least 50.1% of the issued and outstanding Shares and approval of the TSXV; (ii) the absence of any material adverse change in the status of the Properties; (iii) entry into of the Royalty Agreement and the Operating Agreement; (iv) the delivery of a National Instrument 43-101 – Standards of Disclosure for Mineral Properties compliant technical report with respect to one or more of the Properties; (v) the Company meeting the qualifications for listing under CSE Policy 2 – Qualification for Listing ("Policy 2") by filing all of the documents and following the procedures set out in Policy 2; and (vi) Stallion, if applicable, having received the requisite approvals from its shareholders for the Transaction.
交易的完成取決於滿足此類性質交易的標準各種條件,包括但不限於:(i)獲得交易的所有必要同意、豁免和批准,包括CSE的批准、至少50.1%的已發行和流通股票持有人批准以及TSXV的批准;(ii)交易狀況沒有任何重大不利變化財產;(iii)特許權使用費協議和運營協議的簽訂;(iv)交付國家儀器 43-101 — 礦物特性披露標準 有關一處或多項物業的合規技術報告;(v)符合CSE政策2規定的上市資格的公司— 上市資格 (“政策2”),提交所有文件並遵循政策2中規定的程序;以及(vi)Stallion(如果適用)已獲得股東對交易的必要批准。
The Company expects to pay a finder's fee in connection with the Transaction to the party that introduced the acquisition target to the Company, subject to applicable securities laws and the policies of the CSE. There is no change of control of the Company expected to occur as a result of the Transaction.
根據適用的證券法和CSE的政策,公司預計將向向公司介紹收購目標的一方支付與交易相關的發現費。本次交易預計不會導致公司的控制權發生變化。
Qualifying Statement
資格聲明
The foregoing scientific and technical disclosures for Glorious Creations Limited have been reviewed by Darren Slugoski, P.Geo., a registered member of the Professional Engineers and Geoscientists of Saskatchewan. Mr. Slugoski is a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
薩斯喀徹溫省專業工程師和地球科學家協會的註冊會員 P.Geo. 的達倫·斯盧戈斯基對Glorious Creations Limited的上述科學和技術披露進行了審查。根據國家儀器43-101的定義,斯盧戈斯基先生是合格人士- 礦產項目披露標準。
About Glorious Creation Limited
關於輝創有限公司
Glorious is incorporated under the provisions of the Business Corporations Act (British Columbia) with its registered and head office in Vancouver, British Columbia. Glorious is a "reporting issuer" in the provinces of Ontario, British Columbia and Alberta.
Glorious 是根據以下規定註冊成立的 《商業公司法》 (不列顛哥倫比亞省)註冊總部位於不列顛哥倫比亞省溫哥華。Glorious是安大略省、不列顛哥倫比亞省和艾伯塔省的 “報告發行人”。
For further information, please contact:
欲了解更多信息,請聯繫:
Glorious Creation Limited
光輝創藝有限公司
Attention: Nicholas Luksha, CEO and Director
注意:首席執行官兼董事Nicholas Luksha
Phone: (604) 838-0184
電話:(604) 838-0184
Cautionary Note
警示說明
Completion of the Transaction is subject to a number of conditions, including but not limited to, CSE acceptance and shareholder approval. There can be no assurance that the Transaction will be completed as proposed or at all.
交易的完成取決於許多條件,包括但不限於CSE的接受和股東的批准。無法保證交易將按提議或根本完成。
Investors are cautioned that, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of the Company should be considered highly speculative. The CSE has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved the contents of this news release.
提醒投資者,發佈或收到的與交易有關的任何信息可能不準確或不完整,不應作爲依據。本公司證券的交易應被視爲高度投機性。CSE沒有對擬議交易的案情做出任何決定,也沒有批准或不批准本新聞稿的內容。
This news release also includes references with respect to CanAlaska Uranium Ltd.'s Moon Lake project, Cameco Corp.'s Millennium deposit and Denison Mines Corp.'s Gryphon and Phoenix deposits (collectively, the "Adjacent Properties"), which are located near the Properties in the Eastern Athabasca Basin. The Company advises that, notwithstanding their proximity of location, discoveries of minerals on the Adjacent Properties and any promising results thereof are not necessarily indicative of the mineralization of, or located on the Properties or the Company's ability to commercially exploit the Properties or to locate any commercially exploitable deposits therefrom.
該新聞稿還包括有關Canalaska鈾有限公司的參考文獻。”的月亮湖項目,Cameco Corp.s 千禧礦牀和丹尼森礦業公司's Gryphon 和 Phoenix 礦牀(統稱爲 “鄰近地產”),位於阿薩巴斯卡盆地東部的礦產附近。該公司建議,儘管其位置很近,但在鄰近地產上發現的礦物及其任何令人鼓舞的結果,並不一定表明這些物業的礦化或位於這些地產上,也不一定表示公司有能力對這些物業進行商業開發或從中找到任何可商業開發的礦牀。
All technical information contained in this press release with respect to Denison Mine's Corp's Gryphon and Phoenix deposits, was provided by the sources noted in footnotes (1) and (2) above without independent review and investigation by the Company, and the Company has relied on the information contained in the respective sources exclusively in providing the information about the Denison Mine's Corp's Gryphon and Phoenix deposits. The Company cautions investors on relying on this information as the Company has not confirmed the accuracy or reliability of the information.
本新聞稿中包含的與丹尼森礦業公司的Gryphon和Phoenix礦牀有關的所有技術信息均由上述腳註(1)和(2)中提到的消息來源提供,未經公司獨立審查和調查,公司僅依賴相應來源中包含的信息來提供有關丹尼森礦業公司的Gryphon和Phoenix礦牀的信息。該公司提醒投資者不要依賴這些信息,因爲公司尚未確認該信息的準確性或可靠性。
Disclaimer for Forward-Looking Information
前瞻性信息免責聲明
Certain statements in this press release are forward-looking statements, which reflect the expectations of management regarding the Company's completion of the Transaction and related transactions. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future, including, but not limited to: that the Company will obtain the requisite approvals with respect to the Transaction, including that of the CSE and the shareholders of the Company, as applicable; that all other conditions for completion of the Transaction will be satisfied for completion of the Transaction; that the Shares will remain halted until the Closing; that the Company and Stallion will successfully negotiate and enter into the Royalty Agreement and the Operating Agreement; that the Company will commence drilling on the Properties and the expected timing thereof; that the Company will complete the name change as proposed; and that the Company will pay a finder's fee in connection with the Transaction. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company. The risks include the following: that the requisite corporate approvals of the directors and shareholders of the Company may not be obtained; that the CSE may not approve the Transaction; and other risks that are customary to transactions of this nature. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
本新聞稿中的某些陳述是前瞻性陳述,反映了管理層對公司完成交易和相關交易的預期。前瞻性陳述由不純歷史的陳述組成,包括任何有關未來信念、計劃、預期或意圖的陳述,包括但不限於:公司將獲得交易的必要批准,包括CSE和公司股東的批准(視情況而定);交易完成後將滿足完成交易的所有其他條件;股票將在收盤前保持暫停狀態;和Stallion將成功談判並簽訂特許權使用費協議和運營協議;公司將開始對這些物業進行鑽探以及預計的鑽探時間;公司將按提議完成更名;公司將支付與交易相關的發現費。此類陳述存在風險和不確定性,可能導致實際業績、業績或發展與報表中包含的結果存在重大差異,包括與公司無法控制的因素相關的風險。風險包括:可能無法獲得公司董事和股東的必要公司批准;CSE可能不批准該交易;以及此類性質交易中習慣存在的其他風險。無法保證前瞻性陳述所預期的任何事件都會發生,也無法保證如果發生的話,公司將從中獲得什麼好處。除非法律要求,否則公司不打算或義務更新或修改任何前瞻性陳述,無論是由於新信息、未來事件還是其他原因。
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
加拿大證券交易所(由CNSX Markets Inc.運營)既沒有批准也沒有拒絕本新聞稿的內容。
A photo accompanying this announcement is available at
本公告附帶的照片可在以下網址獲得