New Break Announces Start of
Trading on CSE Under Symbol (CSE: NBRK) on
Wednesday, September 7, 2022
Toronto, Ontario,
September 6, 2022 -- InvestorsHub NewsWire -- New Break Resources Ltd. ("New Break"
or the "Company") is pleased to announce that the Company's common
shares ("Common
Shares") have received final
approval for listing from the Canadian Securities Exchange (the
"CSE"). The
Common Shares are expected to commence trading on the CSE under the
trading symbol "NBRK" at market open on Wednesday, September 7,
2022. New Break will also be featured on the CSE's
YouTube channel, CSE TV, as the Company rings the bell as part of a
virtual open, including an interview with Michael Farrant, New
Break's President and CEO. The
video will be available on the Company's website at www.newbreakresources.ca.
The ISIN and CUSIP numbers for the Common Shares are CA6425831089
and 642583108, respectively. New Break currently has
40,155,750 Common Shares issued and outstanding. Of the
4,348,000 Common Shares owned by management and directors, 10% will
be released from escrow in connection with the commencement of
trading, while 3,913,200 will remain in escrow, with batches of
652,200 released every six months over a period of three years.
Michael Farrant, President and CEO of New Break commented,
"Successfully completing a listing of New Break's common shares on
the CSE is a significant milestone and comes just under two years
after acquiring our Moray property south of Timmins, Ontario and 32
km northwest of the Young-Davidson gold mine operated by Alamos
Gold Inc. Over that period of time, we've also added an
extremely exciting package of mineral properties in Kivalliq
Region, Nunavut, including signing an Inuit Owned Lands Mineral
Exploration Agreement on the Sundog gold project and staking the
highly prospective gold mineralized Esker claim, just east of South
Henik Lake, historically drilled by Comaplex Minerals Corp.
As a private company, we assembled over 190 shareholders, raised
sufficient capital to allow us to complete a non-offering
prospectus, attracted an extremely talented team of mining
professionals that makes up our management, board of directors and
advisory group and were awarded a grant of up to $200,000 under the
Ontario Junior Exploration Program. While having our shares
trade publicly gives our shareholders liquidity and allows the
Company greater access to capital, it does not change the already
high standards at which we operate in terms of corporate, social
and environmental responsibility and good governance. We will
continue to advance our mineral property interests giving the
highest regard to all of our stakeholders, including our
shareholders and the communities in which we operate. I hope
that all of our shareholders are proud of the Company we've built
to date and continue to support us on the path to discovery."
About New Break Resources
Ltd.
New Break is a Canadian mineral
exploration and development company with a dual vision for value
creation.
In northern Ontario, New Break is
focused on its Moray Project, in a well-established mining camp,
within proximity to existing infrastructure, while at the same
time, through our prospective land holdings in Nunavut, we provide
our shareholders with significant exposure to the vast potential
for exploration success in one of the most up and coming regions in
Canada for gold exploration and production. These
complimentary visions are supported by a highly experienced team of
mining professionals committed to placing a premium on
Environmental, Social and Corporate Governance, respecting the
values and interests of all our stakeholders. Information on New Break is available under the
Company's profile on SEDAR at www.sedar.com
and on the Company's website at
www.newbreakresources.ca.
For further information on New
Break, please contact:
Michael Farrant, President and Chief Executive Officer
Tel: 416-278-4149
mfarrant@newbreakresources.ca
No stock exchange, regulation securities provider, securities
commission or other regulatory authority has approved or
disapproved the information contained in this news release.
CAUTIONARY NOTE REGARDING FORWARD LOOKING INFORMATION
Except for statements of historic
fact, this news release contains certain "forward-looking
information" within the meaning of applicable securities law.
Forward-looking information is frequently
characterized by words such as "plan", "expect", "project",
"intend", "believe", "anticipate", "estimate" and other similar
words, or statements that certain events or conditions "may" or
"will" occur. Forward-looking statements are based on the
opinions and estimates at the date the statements are made, and are
subject to a variety of risks and uncertainties and other factors
that could cause actual events or results to differ materially from
those anticipated in the forward-looking statements including, but
not limited to statements regarding the listing of the Company's
common shares on the CSE, comments regarding the timing and
expectations for receipt of proof of shareholdings, property
agreements, timing and content of upcoming work programs,
geological interpretations, receipt of property titles, an
inability to predict and counteract the effects global events on
the business of the Company, including but not limited to the
effects on the price of commodities, capital market conditions,
restriction on labour and international travel and supply chains
etc. Forward-looking information addresses future
events and conditions and therefore involves inherent risks and
uncertainties, including factors beyond the Company's
control. Accordingly, readers should not place undue
reliance on forward-looking information. The
Company undertakes no obligation to update publicly or otherwise
any forward-looking information, except as may be required by
law. Additional information identifying risks and
uncertainties that could affect financial results is contained in
the Company's financial statements and management's discussion and
analysis (the "Filings"), such Filings available upon
request.