The project is a Babine Copper-Gold Porphyry discovery near Smithers, British Columbia. Orefinders owns a 20% interest in American Eagle Gold Corp.'s (TSXV: AE) "NAK Project". The project is comprised of 105 contiguous mining claims and is located 60 km west of Chapais, Quebec. Orefinders has the option to acquire 100% interest in the Grizzly Project by way of the completion of a total of $750,000 in work obligations and by payment of common shares of the Company to the vendors. Grizzly Gold Project in Chibougaumau, Quebec Agnico Eagle Mines has the option to acquire up to 50% interest by April 2026, through the completion of exploration obligations, as well as a right to acquire an additional 25% by way of incurring further exploration expenses on the property.ġ00% owned and encompasses 60,000 hectares in Northwest Alberta, along the Great Slave Lake Shear Zone. The property is located in the Knight and Tyrell townships, 100 km southwest of Kirkland Lake, Ontario. Knight Project in Shining Tree district, Ontarioġ00% owned and encompasses 2,200 hectares. Agnico Eagle Mines has the option to acquire up to 50% interest by April 2026 through the completion of exploration obligations, as well as a right to acquire an additional 25% by way of incurring further exploration expenses on the property. The property is located in Virginiatown, Ontario. Agnico Eagle Mines has the option to acquire up to 50% interest by April 2026 through the completion of exploration obligations, as well as a right to acquire an additional 25% by way of incurring further exploration expenses on the property.ġ00% owned and encompasses 681 hectares. The property is located 35 km southeast of Kirkland Lake, Ontario. The Company's current mining portfolio includes:ġ00% owned and encompasses 2,497 hectares. In addition to the above investments, following the Proposed Change of Business, the Company shall continue to hold its various mining interests. (TSXV: QCCU), representing 3.5% of the issued and outstanding shares of QC Copper and Gold Inc. 5,059,752 common shares in the capital of QC Copper and Gold Inc. Ģ4,708,975 common shares in the capital of Mistango River Resources (CSE: MIS), representing 16% of the issued and outstanding shares of Mistango River Resources and, (TSXV: AE), representing 6.5% of the issued and outstanding shares of American Eagle Gold Corp. 5,200,000 common shares in the capital of American Eagle Gold Corp. The Company's current investment portfolio includes: Webinar – Upgrading to a Mining and Investment Issuer These corporate-type transactions are then reallocated into investments via the drill bit for discovery and delineation of gold and metals of interest," said Stephen Stewart, Orefinders' CEO. Our team has a track record of making accretive transactions aimed at improving our balance sheet, lowering our cost, and increasing our capital availability. "We are pleased to provide this update and formalize Orefinders ability to continue to invest aggressively with the drill but also creatively at the corporate level. With this new listing status, Orefinders may undertake corporate transactions, acquire strategic equity positions, or incubate new junior companies as opportunities arise. This updated listing status allows management to transact corporately as the Company has in the past with the spin offs of QC Copper and Gold Inc., American Eagle Gold Corp., and its activist investment Mistango River Resources Inc. Orefinders' exploration strategy and core portfolio of assets remain unchanged. This update aims to increase the Company's flexibility and optionality to make strategic investments and incubate new opportunities focused on gold and other critical metals. (TSXV: ORX) (" Orefinders" or the " Company") is pleased to announce that it will be seeking shareholder approval for the updating of its listing status from a mining issuer to both an investment and mining issuer pursuant to the policies of the TSX Venture Exchange (the " Exchange"). March 24, 2023) - Orefinder's Resources Inc.
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