NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRES
TORONTO, Sept. 20, 2022 (GLOBE NEWSWIRE) — Fredonia Mining Inc. (the “Firm”) (TSXV:FRED) is happy to announce it has continued from the Province of Alberta to the Province of Ontario (the “Continuance”) pursuant to a decision handed by shareholders of the Firm on the Firm’s Annual Normal and Particular Assembly held on October 12, 2021. The Continuance was made efficient as of September 16, 2022. Copies of the Articles of Continuance and Ontario by-laws of the Firm will likely be made accessible on the Firm’s SEDAR profile at www.sedar.com. Additional particulars as regards to the Continuance are contained within the administration info round of the Firm dated September 8, 2021, a duplicate of which is offered electronically beneath the Firm’s profile at www.sedar.com.
The Firm additionally broadcasts that it has granted inventory choices (the “Choices”) to Mr. Omar Salas, Chief Monetary today techs Officer of the Firm, to buy a complete of 250,000 frequent shares at a worth of $0.11 per frequent share. The Choices are exercisable for a interval of 5 years and have been granted in accordance with the phrases of the Firm’s present inventory possibility plan and the phrases of Mr. Salas’ consulting settlement. The choices are topic to a 4 month maintain interval.
This press launch is meant for distribution in Canada solely and isn’t supposed for distribution to United States newswire providers or dissemination in america. The securities being issued haven’t been, nor will they be, registered beneath america Securities Act of 1933, as amended, or any state securities legal guidelines and will not be provided or bought inside america or to, or for the account or good thing about, U.S. individuals absent U.S. registration or an relevant exemption from the U.S. registration necessities. This launch doesn’t represent a suggestion on the market of securities in america.
Fredonia not directly owns a 100% curiosity in sure license areas (totalling roughly 18,300 ha.) (collectively, the “Mission”), all throughout the Deseado Massif geological area within the today techs Province of Santa Cruz, Argentina, together with the next principal areas: El Aguila, approx. 9,100ha, Petrificados, approx. 3,000ha, and the flagship, superior El Dorado-Monserrat property protecting approx. 6,200ha positioned near Anglo Gold Ashanti’s Cerro Vanguardia mine, topic to a 1.5% internet today techs smelter return royalty on the today techs EDM venture, 0.5% internet income curiosity on Winki II, El Aguila I, El Aguila II and Hornia (ex Petrificados).
For additional info: Please go to the Firm web site www.fredoniamanagement.com or contact: Omar Salas, Chief Monetary Officer, Direct: +1-416-846-7807, E-mail: email@example.com.
Neither TSX Enterprise today techs Change nor its Regulation Providers Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch.