OTTAWA,
ON, March 10, 2025 /CNW/ - Northern
Shield Resources Inc. ("Northern Shield" or the
"Company") (TSXV: NRN) announces that the Company
intends to extend the exercise period of a total of 3,012,308
common share purchase warrants, 2,750,000 of which are exercisable
at $0.10 per common share and
262,308 of which are exercisable at $0.125 per common share (collectively, the
"Warrants"). The Warrants were issued pursuant to two
tranches of a private placement which closed on March 21st and April 7th 2023. The Company proposes
to extend the expiry dates for these Warrants by one (1) additional
year, and accordingly, the new expiry dates for the Warrants will
be March 22nd and April 8th, 2026
All other terms and conditions of the Warrants remain unchanged.
The Warrant extension is subject to acceptance by the TSX Venture
Exchange.
About Northern Shield Resources
Northern Shield Resources Inc. is a Canadian-based company known
as a leader in generating high-quality exploration targets that
views greenfield exploration as an opportunity to find a Tier 1
asset, near surface, and at relatively low cost. We implement a
model driven exploration approach to reduce the risk associated
with early-stage projects for ourselves, our shareholders, and the
environment. This approach led us to option the Root & Cellar
Property from a Newfoundland
prospector, who discovered the mineralization, and then its
advancement to a large gold-silver-tellurium and copper porphyry
system.
Neither 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.
Cautionary Statement Regarding Forward-Looking
Statements
This news release contains forward-looking statements, which
relate to future events or future performance and reflect
management's current expectations and assumptions, including the
acceptance of the extension to the term of the warrants by the TSX
Venture Exchange. Such forward-looking statements reflect
management's current beliefs and are based on assumptions made by
and information currently available to the Company. Investors are
cautioned that these forward looking statements are neither
promises nor guarantees, and are subject to risks and uncertainties
that may cause future results to differ materially from those
expected. These forward-looking statements are made as of the date
hereof and, except as required under applicable securities
legislation, the Company does not assume any obligation to update
or revise them to reflect new events or circumstances except as
required by applicable law. All of the forward-looking statements
made in this press release are qualified by these cautionary
statements and by those made in our filings with SEDAR in
Canada (available at
www.sedar.com).
SOURCE Northern Shield Resources Inc.
