Mr. Shayne Taker reports
LFNT CLOSES NON-BROKERED PRIVATE PLACEMENT
LFNT Resources Corp., further to its news releases dated Aug. 7, 2026, and Oct. 16, 2026, has closed its non-brokered private placement of 2,867,000 units at a price of 15 cents per unit for gross proceeds of $430,049.95.
Each unit consists of one common share in the capital of the company and one transferable common share purchase warrant. Each warrant entitles the holder to acquire one additional share at an exercise price of 40 cents per warrant share for a period of 24 months from the date of closing. The warrants are subject to an acceleration provision, whereby, if the closing price of the company's common shares on the Canadian Securities Exchange equals or exceeds 50 cents per share for 10 consecutive trading days, the company may accelerate the expiry date of the warrants by issuing a news release announcing that the warrants will expire 30 days following the date of such news release. Any warrants not exercised before the accelerated expiry date will expire and be of no further force or effect.
The company intends to use the net proceeds of the offering for general working capital purposes.
All securities issued in connection with the offering are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws. The offering remains subject to final approval by the CSE.
We seek Safe Harbor.
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