Canada One Mining Corp. Acquires Additional Properties, South of Copper Mountain Mine, Princeton
Vancouver, October 11, 2023 - Canada One Mining Corp. ("Canada One" or the "Company") (TSXV:CONE) (OTC:COMCF) (FSE:AU31) is pleased to announce it has entered into an agreement (the "Agreement"), pursuant to which the Company has agreed to acquire two additional properties (each, a "Property" and collectively, the "Properties") from an arm's length vendor. The Properties are located south of the producing Copper Mountain Mine and adjacent to the Company's Copper Dome Project. The first Property is located directly south and adjacent to Copper Dome's Meal Ticket claim which has been relatively un-explored. There is one known silver (Ag) showing at Meal Ticket which is of interest for exploration follow up.
The second Property is located immediately south and adjacent to Copper Dome's Combination Creek Zone historical drilling. This is a strategic location which will allow the Company to further explore the Combination Creek Zone area for further mineralization.
Mr. Peter Berdusco, President and CEO of Canada One commented: "Highly prospective ground south of the Copper Mountain Mine is a rarity. We therefore moved quickly when the opportunity presented itself to increase our land position at Copper Dome."
Terms of the Agreement
The Agreement provides for the acquisition of the Properties for 1,000,000 common shares (the "Consideration Shares") of the Company (the "Acquisition") representing total consideration of $85,000 based on a deemed price of $0.085 per common share. The Consideration Shares will be subject to a statutory hold period expiring four months and one day from the closing of the Acquisition. Completion of the Acquisition remains subject to customary conditions for transactions of this nature and the acceptance of the Acquisition by the TSX Venture Exchange. No finders' fees or commissions are payable in connection with the Acquisition.
For further information, interested parties are encouraged to visit the Company's website at Candaonemining.com, or contact the Company by email at ir@strategixir.com, or by phone at 1.877.844.4661.
On behalf of the Board of Directors of
Peter Berdusco
President and Chief Executive Officer
Forward-Looking Statements
This press release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the future operating or financial performance of the Company, are forward looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this press release relate to, among other things: statements relating to the anticipated timing thereof and the intended use of proceeds. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective 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 the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. 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-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.
TSX Venture Exchange Disclaimer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
