CONE:CC - Canada One Acquires Additional Properties South of Copper Mountain Mine Princeton British Columbia
(TheNewswire)
Vancouver, B.C. - TheNewswire - October 11, 2023 - Canada One Mining Corp . ( “ CanadaOne ” or the “ Company ” )(TSXV:CONE) (OTC:COMCF) (FSE:AU31) is pleased toannounce it has entered into an agreement (the “ Agreement ” ),pursuant to which the Company has agreed to acquire two additionalproperties (each, a “ Property ” and collectively, the“ Properties ” ) from an arm’s length vendor. The Properties are located southof the producing Copper Mountain Mine and adjacent to the Company’s Copper Dome Project .
The first Property is located directly south andadjacent to Copper Dome’s Meal Ticket claim which has beenrelatively un-explored. There is one known silver (Ag) showing at MealTicket which is of interest for exploration follow up.
The second Property is located immediately south andadjacent to Copper Dome’s Combination Creek Zone historicaldrilling. This is a strategic location which will allow the Company tofurther explore the Combination Creek Zone area for furthermineralization.
Mr.Peter Berdusco , President and CEO of CanadaOne commented: “ Highly prospectiveground south of the Copper MountainMine is a rarity. Wetherefore moved quickly when the opportunity presented itself toincrease our land position at CopperDome . ”
Terms of the Agreement
The Agreement provides for the acquisition of theProperties for 1,000,000 common shares (the “ Consideration Shares ” ) of theCompany (the “ Acquisition ” ) representing total considerationof $85,000 based on a deemed price of $0.085 per common share. TheConsideration Shares will be subject to a statutory hold periodexpiring four months and one day from the closing of the Acquisition. Completion of the Acquisition remains subject tocustomary conditions for transactions of this nature and theacceptance of the Acquisition by the TSXVenture Exchange . No finders’ fees orcommissions are payable in connection with the Acquisition.
For further information, interested parties areencouraged to visit the Company’s website at Candaonemining.com, or contact theCompany by email at ir@strategixir.com , or by phone at1.877.844.4661.
On behalf of the Board of Directors of
CANADA ONE MINING CORP.
Peter Berdusco
President and Chief Executive Officer
Forward-LookingStatements
This press release includes certain" forward-lookinginformation " and" forward-lookingstatements "(collectively " forward-lookingstatements ") within themeaning of applicable Canadian securities legislation. All statements,other than statements of historical fact, included herein, withoutlimitation, statements relating to the future operating or financialperformance of the Company, are forward looking statements.Forward-looking statements are frequently, but not always, identifiedby words such as " expects "," anticipates "," believes "," intends "," estimates "," potential "," possible ", and similarexpressions, or statements that events, conditions, or results" will ", " may ", " could ", or" should " occur or beachieved. Forward-looking statements in this press release relate to,among other things: statements relating to the anticipated timingthereof and the intended use of proceeds. Actual future results maydiffer materially. There can be no assurance that such statements willprove to be accurate, and actual results and future events coulddiffer materially from those anticipated in such statements. Forwardlooking statements reflect the beliefs, opinions and projections onthe date the statements are made and are based upon a number ofassumptions and estimates that, while considered reasonable by therespective parties, are inherently subject to significant business,technical, economic, and competitive uncertainties and contingencies.Many factors, both known and unknown, could cause actual results,performance or achievements to be materially different from theresults, performance or achievements that are or may be expressed orimplied by such forward-looking statements and the parties have madeassumptions and estimates based on or related to many of thesefactors. Such factors include, without limitation: the timing,completion and delivery of the referenced assessments and analysis.Readers should not place undue reliance on the forward-lookingstatements and information contained in this news release concerningthese times. Except as required by law, the Company does not assumeany obligation to update the forward-looking statements of beliefs,opinions, projections, or other factors, should they change, except asrequired by law.
TSX VentureExchange Disclaimer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policiesof the TSX VentureExchange ) acceptsresponsibility for the adequacy or accuracy of thisrelease .
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