Canadian North Resources Increases Offering of Flow-Through Shares to C$6 Million
TORONTO, December 20, 2022 (GLOBE NEWSWIRE) — Canadian North Resources Inc. (the “group“) (TSX-V: CNRI; FSE: EO0, which is “EO-Zero”), following its news release dated December 16, 2022, announces that it has increased its offering of common shares (“Flow-Through Stocks) to be issued on a flow-through basis according to the income tax Act (Canada) at a price of $2.70 per flow-through share (the “Flow-through offering“) from $5,000,000 up to $6,000,000.
About Canadian North Resources Inc.
Canadian North Resources Inc. is an exploration and development company focused on metals for clean energy, electric vehicle, battery and high tech industries. The Company is advancing its 100% owned Ferguson Lake nickel, copper, cobalt, palladium and platinum project in Nunavut, Canada.
The information and statements in this press release contain certain forward-looking information. This forward-looking information relates to future events or the future performance of the company. In particular, this document contains forward-looking information and statements regarding the use of proceeds from the Flow-Through Offering. All statements other than statements of historical fact may be forward-looking information. This forward-looking information is subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking information. These assumptions include that, with respect to the use of proceeds, historical costs and expenses are representative of future costs and expenses. The Company’s actual results, performance or achievements could differ materially from those expressed or implied by such forward-looking information and accordingly there can be no assurance that the events anticipated in the forward-looking information will or will occur or, if any of them, what benefits the company will derive from it. The Company’s forward-looking information is expressly qualified in its entirety by this cautionary statement. Except as required by law, the Company undertakes no obligation to publicly update or revise any forward-looking information.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATORY SERVICES PROVIDER (as such term is defined in the policies of the TSX Venture Exchange) ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For more information please contact:
dr Kaihui Yang, President and CEO
Phone: 905-696-8288 (Canada) 1-888-688-8809 (toll free)