(TheNewswire)
Vancouver, British Columbia, TheNewswire, February 27, 2024 – Lucky Minerals Inc. (TSXV:LKY, OTC:LKMNF, FRA:LKY) (“ Lucky ” or the “ Company ”) announces that further to its news release of December 20, 2023 theCompany wishes to provide an update on the proposed acquisition of the Prudhomme property (the " Property ") locatedin Northern Quebec , Canada (the “ Acquisition ”) . The Company received conditional approval of theAcquisition from the TSX Venture Exchange (the " TSXV ") onFebruary 8, 2024.
The Company continues to work towards satisfying theconditions precedent to closing the Acquisition, including thearrangement of a concurrent private placement described in theCompany's press release dated December 20, 2023, (together with theAcquisition, the " Transaction "). Also, in accordance with the Transaction, the technicalreport is underway and the Company will be filing a technical reportwith respect to the Property pursuant to National Instrument 43-101 -Standards of Disclosure for Mineral Projects.
In addition, the Company was granted a four monthextension by the British Columbia Registrar of Companies to the periodin which it would be required to hold its Annual General Meeting(" AGM ") for the year 2023. The Company has set April 30, 2024for its AGM.
The completion of theAcquisition and private placement remain subject to various additional conditions including final approval ofthe TSXV withrespect to each of the Acquisition and private placement. For further details, please refer to the press release ofthe Company dated December 20, 2023, available on SEDAR+ atwww.sedarplus.ca.
About Lucky Minerals Inc.
Lucky is an exploration and development companytargeting large-scale mineral systems in proven districts with thepotential to host world class deposits.
ON BEHALF OF THE BOARD
“ François Perron ”
President and Chief Executive Officer
Further information on Lucky can be found on theCompany’s website at www.luckyminerals.com and at www.sedarplus.ca,or by contacting Francois Perron, by email atinvestors@luckyminerals.com or by telephone at (866) 9246484.
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.
Cautionary Statement RegardingAdjacent Properties and Forward-Looking Information
This news release containsforward-looking statements relating to the future operations of theCompany and other statements that are not historical facts.Forward-looking statements are often identified by terms such as“will”, “may”, “should”, “anticipate”, “expects”and similar expressions. All statements other than statements ofhistorical fact, included inthis release, including, without limitation, statements regarding thefuture plans and objectives of the Company are forward-lookingstatements that involve risks and uncertainties. There can be noassurance that such statements will prove to be accurate and actualresults and future events could differ materially from thoseanticipated in such statements. Such factors include, but are notlimited to: uncertainties related exploration and development; theability to raise sufficient capital to fund exploration anddevelopment; changes in economic conditions or financial markets;increases in input costs; litigation, legislative, environmental andother judicial, regulatory, political and competitive developments;technological or operational difficulties or inability to obtainpermits encountered in connection with exploration activities; andlabor relations matters. This list is not exhaustive of the factorsthat may affect the Company’s forward-looking information. Importantfactors that could cause actual results to differ materially from theCompany’s expectations also include risks detailed from time to timein the filings made by the Company with securitiesregulators.
The reader is cautioned thatassumptions used in the preparation of any forward-looking informationmay prove to be incorrect. Events or circumstances may cause actualresults to differ materially from those predicted, as a result ofnumerous known and unknown risks, uncertainties, and other factors,many of which are beyond the control of the Company. The reader iscautioned not to place undue reliance on any forward-lookinginformation. Such information, although considered reasonable bymanagement at the time of preparation, may prove to be incorrect andactual results may differ materially from those anticipated.Forward-looking statements contained in this news release areexpressly qualified by this cautionary statement. The forward-lookingstatements contained in this news release are made as of the date ofthis news release and the Company will not update or revise publiclyany of the included forward-looking statements as expressly requiredby Canadian securities law.
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