Mich Resources Ltd. Announces Closing of Chrome-Puddy Transaction, Name Change and Resumption of Trading
18.10.2023 | vom Unternehmen
Mich Resources Ltd. (CSE: MICH) (the “Company”) is pleased to announce, further to its news release dated January 31, 2023, that it has closed the acquisition (the “Acquisition”) of an option to purchase a 100% interest in the Chrome-Puddy Property and Danby Triangle Property located in Thunder Bay, Ontario (collectively, the “Properties”). The Acquisition constituted a fundamental change under the policies of the Canadian Securities Exchange (“CSE”) and as a result, a CSE Form 2A Listing Statement has been filed on SEDAR+ today. Additionally, a National Instrument 43-101 – Standards for Disclosure of Mineral Projects compliant report on the Properties has also been filed on SEDAR+ today.The Company is also pleased to announce that it will change its name to Green Bridge Metals Corporation, and the common shares of the Company will resume trading on the CSE on October 19, 2023 under the new name and new ticker symbol, GRBM.
“Today marks a significant milestone in our journey at MICH Resources. With the successful closing of the Chrome-Puddy transaction and our transformation into Green Bridge Metals Corporation, we are entering a new era of growth and opportunity. Our commitment to sustainable resource development remains unwavering as we continue to build a bridge to a greener future, and acquire assets that lend to this goal, and build value for our shareholders,” stated David Suda, CEO of the Company.
About the Company
The Company is a British Columbia public company with a registered office at 8th Floor, 1199 West Hastings Street, Vancouver, BC, V6E 3T5. The Company’s common shares are listed on the Canadian Securities Exchange (CSE) and reporting in British Columbia and Ontario. The Company is principally engaged in the acquisition and exploration of mineral properties.
On behalf of Mich Resources Ltd.
“David Suda”
President and Chief Executive Officer
For more information, please contact:
Mich Resources Ltd.
David Suda, President and Chief Executive Officer
Tel: 604.928-3101
Neither the Canadian Securities Exchange nor its Regulation Service Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Information
Certain statements and information herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to: the resumption of trading of the Company’s securities on the CSE.
Although management of the Company believe that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that forward-looking statements or information herein will prove to be accurate. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These risk factors include, but are not limited to: resumption of trading of the Company’s securities on the CSE may not occur on the terms and timing set forth herein, or at all; risks associated with the business of the Company; business and economic conditions in the mining industry generally; changes in general economic conditions or conditions in the financial markets; changes in laws (including regulations respecting mining concessions); and other risk factors as detailed from time to time.
The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.