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Arctic Fox Ventures Inc. Executes Definitive Agreement to Acquire the Kana Lake Lithium Project in the James Bay Region of Quebec

Arctic Fox Ventures Inc. Executes Definitive Agreement to Acquire the Kana Lake Lithium Project in the James Bay Region of Quebec

北極狐創投公司執行最終協議,收購魁北克詹姆斯灣地區的假名湖鋰項目
newsfile ·  2023/01/30 22:32

Vancouver, British Columbia--(Newsfile Corp. - January 30, 2023) - Arctic Fox Ventures Inc. (CSE: AFX) (the "Company") is pleased to announce that, further to its previous press release dated January 12, 2023, the Company has entered into a Definitive Agreement (the "Agreement") with Pipeline Capital Corp. ("Pipeline") to acquire 37 active mineral claims located in the James Bay region of Quebec. The 37 mineral claims known as the Kana Lake Lithium project consists of 2,100 hectares of land. Under the terms of the Agreement the Company will issue 12,000,000 common shares to the shareholders of Pipeline at price for common share equivalent to the closing price of the common shares of the Company on the closing date. In addition, the Company will pay to the shareholders of Pipeline $50,000 on the closing date, $50,000 on the date that is 90 days from the closing date and $50,000 on the date that is 180 days from the closing date. On closing the Company will become the sole shareholder of Pipeline. It is currently anticipated that the closing date will occur on or before January 31, 2023.

温哥華,不列顛哥倫比亞省-(Newsfile Corp.-2023年1月30日)-北極福克斯風險投資公司(CSE:AFX)(The公司)很高興地宣佈,繼先前於2023年1月12日發佈的新聞稿之後,本公司已簽訂最終協議(協議“)與管道資本公司(”管道“)收購位於魁北克詹姆斯灣地區的37個正在開採的礦藏。這37個礦藏被稱為卡納湖鋰項目,佔地2100公頃。根據協議條款,公司將向管道公司的股東發行12,000,000股普通股,普通股價格相當於公司普通股在截止日期的收盤價。此外,公司將在截止日期向管道公司股東支付50,000美元,在截止日期90天后支付50,000美元,在截止日期180天后支付50,000美元。關閉後,該公司將成為管道的唯一股東。目前預計截止日期為2023年1月31日或之前。

Harry Chew, President and CEO, commented: "I am very pleased that we are able to close on the acquisition of what we view to be a very prospective lithium property in the James Bay region of Quebec".

總裁首席執行官周永明表示:“我非常高興我們能夠完成對魁北克詹姆斯灣地區一個非常有前景的鋰礦的收購。”

The acquisition will not constitute a change of business for the Company.

是次收購不會對本公司構成業務改變。

About Kana Lake

關於卡納湖

The Kana Lake Lithium project is located north of the Fliszar Lithium showing in the James Bay region of Quebec. During a survey of the property conducted by the Quebec Ministry ("MERN"), field geologists identified a pegmatite trend over 6 kilometres long with at least 10 pegmatite outcrops. Most of the pegmatite exposures are over 900 meters square in size.

卡納湖鋰項目位於顯示在魁北克詹姆斯灣地區的Fliszar鋰項目的北部。在魁北克省對該財產進行的調查中(“MERN),野外地質學家發現了一個長達6公里的偉晶巖趨勢,至少有10個偉晶巖露頭。大多數偉晶巖的出露面積超過900平方米。

During a summer/fall 2022 survey program conducted by the Quebec Ministry (MERN) their geologists identified this area as a new lithium prospective zone that is characterized by the presence of numerous E-W trending pegmatitic granite dykes. The presence of garnet and muscovite in these rocks indicates a hyperaluminous composition, suitable for the development of lithium mineralization. These pegmatites are consistent with the Fliszar Lithium showing to the south of the property, where three grab samples rich in lepidolite, returned up to 1.83% LiO2, 0.34% Cs, 1.11% Rb, 126 ppm Nb, 374 ppm Ta and 0.3% B*.

在魁北克省(MERN)進行的2022年夏秋調查計劃中,他們的地質學家將該地區確定為一個新的鋰遠景帶,其特點是存在大量東西走向的偉晶花崗巖牆。這些巖石中石榴石和白雲母的存在表明了一種適合鋰礦化發育的高鋁成分。這些偉晶巖與礦牀南側的Fliszar鋰一致,在那裏有三個富含鋰雲母的採樣點,其返回量高達1.83%LiO2,0.34%Cs,1.11%Rb,126ppm Nb,374ppm Ta和0.3%B*。

For further information, please contact:

如需更多信息,請聯繫:

Harry Chew, President, CEO
Phone: (604) 689-2646

周永明,總裁,首席執行官
電話:(604)689-2646

On behalf of the Board of Directors,

我謹代表董事會:

"Harry Chew"

《哈利·周》

Harry Chew
President & CEO
Arctic Fox Ventures Inc.

哈里·周
總裁兼首席執行官
北極狐狸風險投資公司。

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release.

加拿大證券交易所及其監管服務提供商(該術語在加拿大證券交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。

* This news release contains information about adjacent properties on which Arctic Fox has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company's properties.

*本新聞稿包含有關北極福克斯無權勘探或開採的鄰近物業的信息。提醒讀者,鄰近物業上的礦藏並不代表本公司物業上的礦藏。

The technical information contained within this News Release has been reviewed and approved by Gerald G. Carlson, Ph.D., P.Eng., Director of Arctic Fox and Qualified Person as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects.

本新聞稿中包含的技術信息已由北極福克斯公司的Gerald G.Carlson博士、P.Eng.和董事以及National Instrument 43-101礦產項目披露標準中定義的資格人員審閲和批准。

Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address any activities and events or developments that Arctic Fox Ventures Inc. ("Arctic Fox") expects to occur, are forward-looking statements. Although Arctic Fox believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Forward-looking statements in this press release include, but are not limited to, statements relating to: the closing of the acquisition described in this press release; future share issuances; the completion of all terms as described in the Agreement; and the future potential of the property described in this press release. Factors that could cause actual results to differ materially from those in forward looking statements include the failure to close the acquisition on the timing and terms as contemplated in the Agreement or at all; uncertainty with respect to the results of future exploration and the ability to conduct any exploration activities on the property described in this press release; market prices; disruptions relating to the COVID-19 pandemic; and continued availability of capital and financing and general economic, market or business conditions. These statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions; in order to conduct anticipated exploration activities; and that all necessary approvals (regulatory and otherwise) required in respect of the acquisition and share issuances described in this press release will be obtained. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Arctic Fox does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

前瞻性信息:本新聞稿包括可能被視為“前瞻性陳述”的某些陳述。本新聞稿中的所有陳述,除歷史事實陳述外,均涉及北極福克斯風險投資公司(“北極狐“)預期將會發生,這些都是前瞻性陳述。儘管北極福克斯認為這些前瞻性陳述中表達的預期是基於合理的假設,但此類陳述並不能保證未來的表現,實際結果或發展可能與前瞻性陳述大不相同。本新聞稿中的前瞻性陳述包括但不限於:本新聞稿中描述的收購的完成;未來的股票發行;協議中描述的所有條款的完成;以及本新聞稿中描述的物業的未來潛力。可能導致實際結果與前瞻性表述中的表述大不相同的因素包括:未能按照協議中預期的時間和條款完成收購,或者根本沒有完成收購;未來勘探結果的不確定性,以及在本新聞稿中描述的物業進行任何勘探活動的能力;市場價格;與新冠肺炎疫情有關的中斷;以及資金和融資的持續可獲得性以及總體經濟、市場或商業條件。該等陳述基於多項假設,包括(除其他外)有關一般業務及經濟狀況的假設;為進行預期勘探活動而作出的假設;以及本新聞稿所述收購及股票發行所需的所有必要批准(監管及其他)將會取得。請投資者注意,任何此類陳述都不是對未來業績的保證,實際結果或發展可能與前瞻性陳述中預測的大不相同。北極福克斯不承擔任何更新或修改其前瞻性陳述的義務, 無論是由於新信息、未來事件還是其他原因,除非適用法律另有要求。

To view the source version of this press release, please visit

要查看本新聞稿的源版本,請訪問

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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