VANCOUVER, British Columbia, March 10, 2023 (GLOBE NEWSWIRE) — Goat Industries Ltd. (“company again “goat”) (CSE: GOAT) is pleased to announce that it has entered into two separate asset purchase agreements to acquire certain claim blocks located in Quebec, Canada (“Lakana Doran Property”).
The Lacana-Doran property comprises 1,925 hectares of land located west of Aguanish, 100 km east of Havre-Saint-Pierre and 320 km east of Sétile in Quebec, Canada. The Lacana-Doran property contains five occurrences of the Quebec designation. DMC-R01; MZX-TR-18; Ech L6-L10; and Ech CS06-G1, three designated rock samples with historically reported lithium values, and “Area C” of the outbreak known as Riv part of another occurrence designated as Navishipi containing uranium and the rare earth bastnaesite.
The Lacana-Doran property includes representations of uranium, lithium, and pegmatite mineral values and a wide range of targets for detailed follow-up geochemical sampling, geophysical surveys, and eventual drilling. provide the area. Bastnaesite incidence is promising in the Uranus environment. The Lacana-Doran property has potential not only for uranium, but also LCT pegmatite deposits.
In line with our investment policy, GOAT does not intend to develop the Lacana-Doran property. Interested in advancing the Lacana-Doran property.
Stewart A. Jackson Dr., P. Gio. Our Independent Qualified Person under National Instrument 43-101 – Mineral Project Disclosure Standards Who reviewed and approved the scientific and technical content of this news release.
The Company has entered into two separate asset purchase agreements dated March 8, 2023 (“asset purchase agreement”). Pursuant to the Asset Purchase Agreement, the Company will acquire his 100% interest in the Lacanadran Claims Block by issuing a total of 80,000,000 shares of common stock.Consideration stock”) for a purchase price of approximately $880,000 at a deemed issue price of $0.011 per share.
Completion of acquisition of the Lacana-Doran Claim Block is subject to the usual completion conditions. The consideration shares are subject to a ‘hold’ period of 4 months and he 1 day from the date of issuance. The acquisition of the Lacana-Doran Claim Block does not constitute a fundamental or business change of the Company and does not result in a change of control of the Company within the meaning of applicable securities laws and U.S. policies. . Canadian Stock Exchange. No finder’s fees or commissions are paid in connection with the acquisition of the Lacana-Doran Claim Block.
Change of directors
The Company also announces that Mohammad Sharifi has joined the Board of Directors and the Audit Committee. Sharifi has extensive experience in marketing and digital communications across the consumer goods industry. Mr. Sharfi has also held various senior marketing positions at several companies, including Telus Telecommunication, where he was responsible for business growth and marketing.
Sharifi will serve as an independent director succeeding Natasha Rae, who resigned with immediate effect. We thank Ms. Raey for her contributions to our company and wish her all the best in her future endeavours.
About the goat industry
GOAT Industries is an investment issuer focused on investing in high potential companies and assets operating in various sectors. Our overriding goal is to generate the maximum return on our investment.
Goat Industry Co., Ltd.
PR for investors
CSE has neither endorsed nor disapproved of the contents of this news release. Neither CSE nor its market regulators (as that term is defined in CSE’s Policy) assumes responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain forward-looking statements within the meaning of such statements under applicable securities laws. This includes the completion of the acquisition of the Lakana Dolan property, detailed follow-up geochemical sampling, the feasibility of performing geophysical surveys, and, finally, The Company’s ability to excavate the Lacana-Doran Property’s mineralized material for sale to mining companies that may be interested in advancing the Lacana-Doran Property, thereby maximizing the value of the Property. Forward-looking statements “expect,” “plan,” “continue,” “expect,” “predict,” “intend,” “believe,” “project,” “estimate.” , is often characterized by words such as “may”. , “will,” “may,” “proposed,” “positioned,” and other similar words, or statements that a particular event or condition “could occur” or “will occur.” . We provide forward-looking statements based on assumptions we believe to be reasonable at this time. All such forward-looking statements involve substantial known and unknown risks and uncertainties, some of which are beyond our control. Such risks and uncertainties include, but are not limited to, assumptions, risks and uncertainties related to general economic conditions. Rising interest rate environment, unfavorable industry events. future legislative and regulatory developments in the mining sector; our ability to access sufficient capital from internal and external sources and/or our inability to access sufficient capital on favorable terms; Canadian and General Mining and Markets. our ability to implement our business strategy; competition; and other assumptions, risks and uncertainties.
Readers may find that the assumptions used in making the forward-looking statements are inaccurate and that actual results, performance or achievements may not be expressed or implied in these forward-looking statements. Note that it may differ significantly from what is presented. Therefore, we do not guarantee that any of the events anticipated in the forward-looking statements will or will occur, or if any of them occur, what benefits, including revenues, will be derived therefrom. The reader is cautioned that the preceding list of factors is not exhaustive. We undertake no obligation, and disclaim 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 expressly required by applicable law. Explicitly deny.