Vancouver, British Columbia, Canada, May 20, 2020, Confederation Minerals Ltd. (TSX-V: CFM) (“Confederation” or the “Company”) is pleased to announce that pursuant to its news release dated May 6, 2020, it has completed its non-brokered private placement (the “Offering”) of 4,400,000 units (the “Units”) at a price of $0.25 per Unit for gross proceeds of $1,100,000. Each Unit consisting of one common share of the Company (a “Share”) and one-half of one transferrable common share purchase warrant (each full Warrant, a “Warrant”). Each Warrant will entitle the holder to purchase an additional Share at a price of $0.40 for a period of 24 months from closing.

In connection with the Offering, the Company has paid finders’ fees equal to $29,750 in cash and 119,000 non-transferrable warrants (the “Finder’s Warrants”). Each Finder’s Warrant has the same terms as the Warrants issued under the Offering.

All of the securities of the Company issued under the Offering are subject to a hold period of four months plus one day from the date of issuance expiring September 21, 2020 in accordance with applicable Canadian securities laws.

The proceeds from the Offering will be used to fund exploration programs on the Company's Newman Todd gold project, Leo property in the Red Lake gold camp, Shining Tree Property, and the South-West Red Lake Properties, and for general working capital and corporate purposes.

For further information about this news release and the Company’s current activities contact This email address is being protected from spambots. You need JavaScript enabled to view it., visit our website at www.confederationmineralsltd.com or call us at 604-688-9588.

On behalf of the Board of Directors,
Confederation Minerals Ltd.

“David Velisek”

David Velisek
CEO and Director
Confederation Minerals Ltd.
Suite 2250, 1055 West Hastings Street
Vancouver, B.C.
604.688.9588
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.confederationmineralsltd.com

About Confederation

Confederation Minerals Ltd. is a British Columbia based company engaged in the business of acquisition, exploration and development of mineral properties located in the highly prospective Red Lake Mining District of Northern Ontario.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectations. Important factors - including the availability of funds and the results of financing efforts,- that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company's documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

 

Vancouver, British Columbia, Canada, May 6, 2020, Confederation Minerals Ltd. (TSX-V: CFM) (“Confederation” or the “Company”) is pleased to announce that further to its press release of March 2, 2020, the Company has completed the acquisition (the “Acquisition”) of all of the issued and outstanding shares of Canadian Shield Developments Corp. (“Canadian Shield”) pursuant to the terms of a share exchange agreement effective March 20, 2020 (the “Definitive Agreement”) among the Company, Canadian Shield and the shareholders of Canadian Shield.

Canadian Shield is a Vancouver-based company, incorporated pursuant to the Business Corporations Act (British Columbia). Canadian Shield controls minerals claims collectively described as the South-West Red Lake Properties and the Shining Tree Property (collectively, the “Properties”).

Pursuant to the terms of the Definitive Agreement and in consideration of the Acquisition, the Company agreed to issue to the former Canadian Shield shareholders an aggregate of 6,500,000 common shares of the Company (the “Consideration Shares”) at a deemed price of $0.40 per Consideration Share, on a pro-rata basis, in two tranches as follows:

(a)  On May 5, 2020 (“Closing”), the Company issued the aggregate sum of 3,250,000 common shares to the former shareholders of Canadian Shield (the “First Tranche”); and

(b)  Nine (9) months following Closing and upon meeting certain conditions, the Company will issue the aggregate sum of 3,250,000 common shares to the former shareholders of Canadian Shield (the “Second Tranche”).

The Consideration Shares will be subject to a voluntary hold period of 36 months from the date of issuance and released on a schedule of 10% initial release and 15% releases each six (6) months thereafter.

In addition, the Company is pleased to announce that it will conduct a non-brokered private placement (the “Offering”) of up to 4,400,000 units (the “Units”) at a price of $0.25 per Unit for gross proceeds of up to $1,100,000.  Each Unit will consist of one (1) common share and one-half of one (1/2) transferrable common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one (1) common share in the capital of the Company (a “Warrant Share”) at a price of $0.40 per Warrant Share for a period of two (2) years from the closing of the Offering.

The Company may pay a finder’s fee on all or a portion of the Offering within the amount permitted by the policies of the TSX-V.

Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, in particular approval of the TSX-V.  All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

The proceeds from the Offering will be used to fund the Company’s exploration programs on the Properties and on the Newman Todd Gold Prospect and Leo Property in the Red Lake Gold Camp. Additional proceeds from the Offering will be used for general working capital and corporate purposes.

For further information about this news release and the Company’s current activities contact This email address is being protected from spambots. You need JavaScript enabled to view it., visit our website at www.confederationmineralsltd.com or call us at 604-688-9588.

On behalf of the Board of Directors,

Confederation Minerals Ltd.

“David Velisek”

David Velisek
CEO and Director
Confederation Minerals Ltd.
Suite 2250, 1055 West Hastings Street
Vancouver, B.C.
604.688.9588
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.confederationmineralsltd.com

About Confederation

Confederation Minerals Ltd. is a British Columbia based company engaged in the business of acquisition, exploration and development of mineral properties located in the highly prospective Red Lake Mining District of Northern Ontario.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors - including the availability of funds and the results of financing efforts,- that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company's documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. 

The securities referred to in this news release have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.

Vancouver, British Columbia, Canada, March 2, 2020, Confederation Minerals Ltd. (TSX-V: CFM) (“Confederation” or the “Company”) is pleased to announce that it has entered into a letter of intent (the “Letter of Intent”) effective February 28, 2020, which sets out the basic terms and conditions for the acquisition by the Company of all the issued and outstanding securities of Canadian Shield Developments Corp. (“Canadian Shield”) in exchange for securities of the Company (the “Transaction”).

Canadian Shield is a Vancouver-based company, incorporated pursuant to the Business Corporations Act (British Columbia). Canadian Shield controls minerals claims collectively described as the South-West Red Lake Properties and the Shining Tree Property (collectively, the “Properties”).

Proposed Transaction

The Company and Canadian Shield have entered into the Letter of Intent which sets out certain terms and conditions pursuant to which the proposed Transaction will be completed.  The terms outlined in the Letter of Intent are non-binding, and the Transaction is subject to the parties successfully entering into a definitive agreement (the “Definitive Agreement”) on or before March 31, 2020 or such other date as the Company and Canadian Shield may mutually agree.

The Letter of Intent also contemplates other material conditions precedent to the closing of the Transaction (the “Closing”), including customary due diligence, receipt of all necessary regulatory, corporate and third party approvals, compliance with all applicable regulatory requirements, and all requisite board and shareholder approvals being obtained. 

In consideration for the Transaction and pursuant to the terms of the Definitive Agreement, the Company will issue, in aggregate, 6,500,000 common shares of Confederation Minerals (the “Consideration Shares”) to the Canadian Shield Shareholders on a pro-rata basis. The Consideration Shares will be issued in two tranches:

  1. upon Closing, the Company will issue the aggregate sum of 3,250,000 common shares to the shareholders of Canadian Shield (the “First Tranche”); and
  2. nine (9) months following Closing and upon meeting certain conditions, the Company will issue the aggregate sum 3,250,000 common shares to the shareholders of Canadian Shield (the “Second Tranche”).

For further information about this news release and the Company’s current activities contact This email address is being protected from spambots. You need JavaScript enabled to view it., visit our website at www.confederationmineralsltd.com or call us at 604-688-9588.

On behalf of the Board of Directors,

Confederation Minerals Ltd. 

“David Velisek”

David Velisek
CEO and Director
Confederation Minerals Ltd.
Suite 2250, 1055 West Hastings Street
Vancouver, B.C.
604.688.9588
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.confederationmineralsltd.com

About Confederation

Confederation Minerals Ltd. is a British Columbia based company engaged in the business of acquisition, exploration and development of mineral properties located in the highly prospective Red Lake Mining District of Northern Ontario. 

Disclosure and Caution

Completion of the Transaction is subject to a number of conditions, including TSX Venture Exchange acceptance, and any shareholder approvals. The Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the management information documents to be prepared in connection with the transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of the Company should be considered highly speculative. The TSX Venture Exchange has not reviewed or approved the terms to the Transaction.

All information provided in this press release relating to Canadian Shield has been provided by management of Canadian Shield and has not been independently verified by management of the Company.  As the date of this press release, the Company has not completed a Definitive Agreement with Canadian Shield and readers are cautioned that there can be no assurances that a Definitive Agreement will be executed, or that the Transaction will be completed.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors - including the availability of funds and the results of financing efforts, - that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company's documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise 

The securities referred to in this news release have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company or Canadian Shield in any jurisdiction.

 

Vancouver, British Columbia, Canada, February 11, 2020, Confederation Minerals Ltd. (TSX-V: CFM) (“Confederation” or the “Company”) announces that effective as of the opening of trading on Wednesday, February 12, 2020, the consolidated common shares of the Company will commence trading on the TSX Venture Exchange (the “Exchange”) on the basis of one (1) post‐consolidated common share for every two (2) pre‐consolidated common shares held (the “Consolidation”).

The Consolidation was authorized by the Company’s Board of Directors in accordance with its Articles.  At current date, the Company has 26,544,888 pre-consolidation common shares issued and outstanding and the Company will have approximately 13,272,447 common shares issued and outstanding post‐consolidation. No fractional shares will be issued. Any fractional shares resulting from the Consolidation shall be converted such that each fractional common share remaining after conversion that is less than one-half of a common share be cancelled and each fractional common share that is at least one-half of a common share be changed to one whole common share.

The Company’s new CUSIP number is 20716C502 and the new ISIN number is CA20716C5028.  A Letter of Transmittal with respect to the Consolidation will be mailed to registered shareholders of the Company. The stock symbol will remain unchanged.

Registered shareholders can send their respective certificates representing the pre‐consolidated common shares along with a properly completed Letter of Transmittal to the Company’s transfer agent, Computershare Investor Services Inc. (“Computershare”), in Toronto, Ontario, all in accordance with the instructions provided in the Letter of Transmittal. Additional copies of the Letter of Transmittal can be obtained through Computershare (Shareholder Services 1‐800‐564‐6253 or by e‐mail to This email address is being protected from spambots. You need JavaScript enabled to view it.).  All shareholders who submit a duly completed Letter of Transmittal along with their respective pre‐consolidated share certificate(s) to Computershare will receive in return a post-consolidated share certificate. No action is required by non-registered shareholders (shareholders who hold their shares through an intermediary) to effect the Consolidation.

For further information about this news release and the Company’s current activities contact This email address is being protected from spambots. You need JavaScript enabled to view it., visit our website at www.confederationmineralsltd.com or call us at 604-688-9588.

On behalf of the Board of Directors,

Confederation Minerals Ltd.

“David Velisek”

David Velisek
CEO and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Vancouver, British Columbia, Canada, Confederation Minerals Ltd. (TSX-V: CFM) (“Confederation” or the “Company”) is pleased to announce that it has closed its previously announced non-brokered private placement (the “Offering”).  The Offering raised gross proceeds of approximately $1,000,000 by the issuance of 8,333,333 units (each a “Unit”) at a price of $0.12 per Unit.  Each Unit consists of one pre-consolidation common share and one transferrable share purchase warrant (each a “Warrant”). Each Warrant entitles the holder to purchase one pre-consolidation common share in the capital of the Company (each a “Warrant Share”) at a price of $0.18 per Warrant Share for a period of five years from the closing of the Offering.

In respect of the Offering, the Company issued 84,583 finder’s shares (the “Finder’s Shares”).

All of the securities issued are subject to a statutory hold period expiring June 6, 2020.

The proceeds from the Offering will be used to fund exploration programs on the Company's Newman Todd gold prospect and Leo property in the Red Lake gold camp and for general working capital and corporate purposes.

Early Warning Report filed pursuant to National Instrument 62-103 – The Early Warning System and Related-Take-Over Bid and Insider Reporting Issues

Erin Norman (the “Ms. Norman”) will file an early warning report as required under applicable Canadian securities laws as a result of Ms. Norman acquiring Units pursuant to the Offering.

Immediately prior to the closing of the Transaction, Ms. Norman beneficially owned nil Common Shares.  Following the closing of the Offering, Ms. Norman beneficially owns or otherwise exercises control or direction over 2,500,000 Common Shares of the Company, representing 9.42% of the Common Shares issued and outstanding on an undiluted basis. Assuming full exercise of the Warrants, Ms. Norman will beneficially own or otherwise exercise control or direction over 5,000,000 Common Shares of the Company, representing 17.21% of the Common Shares issued and outstanding, on a partially diluted basis.

The Units are held by Ms.Norman for investment purposes. Ms. Norman’s future holdings in securities of the Company may increase or decrease in accordance with applicable securities legislation and in consideration of various factors that he may deem appropriate, including, but not limited to, Ms. Norman’s investment criteria, market conditions and as circumstances warrant. 

Additional information in respect of the foregoing matters is available in the early warning report that will be filed under the Company’s profile on www.sedar.com.

On behalf of the Board of Directors,
Confederation Minerals Ltd.

“David Velisek”

David Velisek
CEO & Director
CORPORATE INQUIRIES
Confederation Minerals Ltd.
Suite 2250, 1055 West Hastings Street
Vancouver, B.C.
604.688.9588
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.confederationmineralsltd.com

About CFM

Confederation Minerals Ltd. is a British Columbia based company engaged in the business of acquisition, exploration and development of mineral properties located in the highly prospective Red Lake Mining District of Northern Ontario.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.