Gold'n Futures Announces Property Acquisitions and Assignment of Claims
thenewswire.com
VANCOUVER, BC – TheNewswire – July 11, 2024 – GOLD’N FUTURES MINERAL CORP. (CSE: FUTR) (FSE: G6M), (OTC: GFTRF) (the “Company” or “Gold’n Futures”) is pleased to announce the completion of a strategic corporate restructuring involving the acquisition of six British Columbia companies and the assignment of certain non-core mineral claims in Newfoundland and Labrador.
The Company has acquired all of the issued and outstanding shares of six British Columbia-incorporated companies: 1491907 BC Ltd., 1491909 BC Ltd., 1491910 BC Ltd., 1491913 BC Ltd., 1491917 BC Ltd., and 1491919 BC Ltd. (collectively, the “BC Companies”). Each of the BC Companies is the registered owner of mineral claims located in south-central British Columbia (the “BC Claims”). As a result of these transactions, Gold’n Futures now holds 100% of the legal and beneficial interests in the BC Claims. The claims, originally staked in August 2024, were transferred to the Company in exchange for nominal consideration.
The BC Claims acquired through the BC Companies comprise multiple mineral title areas located in the heart of British Columbia’s copper-porphyry belt. These include key positions near Rock-Creek Canyon and the Eagle Plains rare-earth extension zone. The claims are strategically situated in road-accessible areas with historical and recent exploration indicators, including porphyry-style copper-gold potential and rare-earth mineralization.
In a concurrent transaction, the Company has entered into an Assignment and Release Agreement with Stephen Wilkinson, a director of the Company, pursuant to which the Company has assigned to Mr. Wilkinson the mineral license known as the Brady Claims (License No. 031339M) located in Newfoundland and Labrador. In exchange, Mr. Wilkinson has agreed to fully release and discharge the Company from all amounts owing under outstanding shareholder loans and other indebtedness totaling $220,537.59. This transaction eliminates all related-party debt owing to Mr. Wilkinson and represents a significant step toward strengthening the Company’s balance sheet and simplifying its capital structure.
The Board of Directors has unanimously approved both transactions. No finder's fees were paid in connection with the acquisitions or the assignment, and the transactions do not result in any change of control of the Company.
About Gold’n Futures Mineral Corp.
Gold’n Futures Mineral Corp. (CSE: FUTR) (FSE: G6M) (OTC: GFTRF) is a mineral exploration company conducting programs to expand its gold resources and to develop viable gold mining operations through the application of extensive geological experience and knowledge combined with advanced technologies and computer modeling.
On behalf of the Board of Directors
Vicki Rosenthal
Chief Financial Officer
Email: contact@goldnfutures.com
Ph: 416-400-8580
Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Certain information contained in this news release may constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking information is often identified by the use of words such as “plans,” “expects,” “may,” “should,” “could,” “will,” “intends,” “anticipates,” “believes,” “estimates,” “forecasts,” or variations of such words and phrases, including the negative forms thereof, as well as terms such as “pro forma” and “scheduled,” and similar expressions that refer to future events or outcomes.
Forward-looking statements in this release, including, without limitation, statements relating to the anticipated timing, review, completion, and filing of the Annual Filings, the Company’s ongoing operations, and the expected duration of the MCTO, involve known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those expressed or implied by such statements. There can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this news release except as otherwise required by law.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS. |
