Freeport Receives Additional Extension for Completion of Offering
Freeport Resources announced that it has received an extension from the TSX Venture Exchange to complete its ongoing non-brokered private placement offering. This extension, following the initial announcement on June 3, 2024, allows the company to finalize the offering by June 28, 2024. The offering aims to raise funds for the company's ongoing projects and operational needs.
- Received extension from TSX Venture Exchange to complete private placement offering.
- New deadline for the offering is June 28, 2024, giving the company more time to secure funds.
- Ongoing funding efforts indicate potential growth and financial stability.
- Need for an extension may suggest initial challenges in closing the offering.
- Delays in completing the funding could affect operational timelines and investor confidence.
Vancouver, British Columbia--(Newsfile Corp. - June 17, 2024) - Freeport Resources Inc. (TSXV: FRI) (OTCQB: FEERF) (FSE: 4XH) ("Freeport Resources" or the "Company") is pleased to announce that further to its news release of June 3, 2024 in connection with its ongoing non-brokered private placement offering (the "Offering") the Company has received a further extension of the deadline for completion of the Offering from the TSX Venture Exchange, and now anticipates completing a final tranche of the Offering on or before June 28, 2024.
About Freeport Resources Inc.
Freeport Resources is a Canadian mineral exploration company with a primary focus on advancing the development of the Yandera copper-gold-molybdenum project, located in Madang Province, Papua New Guinea. The Yandera project is one of the largest undeveloped copper-gold deposits in the world covering approximately 245.5 square kilometers
Please visit www.freeportresources.com or contact the email address below for more information.
On behalf of the Board,
Freeport Resources Inc.
Gord Friesen, Chief Executive Officer
T. (236) 334-1660 or gord@freeportresources.com
E. gord@freeportresources.com
www.freeportresources.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule", "intends" and similar words or expressions identify forward-looking statements or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause 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. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/213217
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