Vancouver, British Columbia – February 7, 2025 – Nordique Resources Inc. (CSE: NORD) (the “Company” or “Nordique”) is pleased to announce that, further to its news release dated December 20, 2024, it has completed the acquisition (the “Acquisition”) of a 100% interest in and to the Fairview Project (the “Project”) located in south-central, British Columbia, pursuant to the terms of a purchase and sale agreement dated December 20, 2024 between the Company and certain arm’s-length vendors.
In connection with the Acquisition, the Company issued an aggregate of 4,800,000 units of the Company (the “Consideration Units”) to the vendors. Each Consideration Unit consists of one (1) common share of the Company (a “Share”) and one (1) common share purchase warrant of the Company (a “Warrant”). Each Warrant is exercisable for one (1) additional common share at an exercise price of $0.07 per share for a period of five (5) years from the date of issuance.
The Company intends to file a technical report in respect of the Project prepared and certified by a qualified person in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (the “Technical Report”). In accordance with the requirements of applicable securities laws and the conditions of the Canadian Securities Exchange for approval of the Acquisition, all securities issued pursuant to the Acquisition are subject to restrictions on resale until the later of (a) four months from the date of issuance, and (b) ten (10) trading days following the date on which the Company disseminates a news release announcing the filing of the Technical Report.
For additional details regarding the Project, see the Company’s news release dated December 20, 2024, available under the Company’s SEDAR+ profile at www.sedarplus.ca.
For more information, investors should review the Company’s filings that are available at https://www.sedarplus.ca.
For further information contact:
Damion Carruel
CEO and Director
Telephone: (236)-521-0626
Caution Regarding Forward-Looking Information
This press release includes “forward-looking information” that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements may include but are not limited to, statements relating to the Project. Such statements are subject to all of the risks and uncertainties normally incident to such events. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking statements. Such forward-looking statements represent management’s best judgment based on information currently available.
The Canadian Securities Exchange has not in any way passed upon the merits of the Acquisition and has neither approved nor disapproved the contents of this press release.
