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Canadian Palladium Resources Inc. Announces Closing of Acquisition of Mineral Properties in East Brazilian 'Lithium Belt'04.12.2023 | 9:01 Uhr | Newsfile
Vancouver, Dec. 4, 2023 - Canadian Palladium Resources Inc. (CSE: BULL) (OTCQB: DCNNF) (FSE: DCR) (the "Company") is pleased to announce that, further to its press release dated November 9, 2023, it has completed its arm's length acquisition ("Acquisition") of all of the issued and outstanding securities of 1439266 BC Ltd. ("143 BC"), in consideration for an aggregate of 12 million common shares of the Company issued at a deemed price of $0.315. 143 BC is the legal and beneficial owner of a 100% interest in and to 15 mineral tenements totalling 24,427.28 hectares ("Property") located in 'Lithium Valley' in Minas Gerais State, Brazil.
On behalf of the Board of Directors Canadian Palladium Resources Inc. James Newall, President and CEO T: (604) 639-4472 Forward-Looking Statements 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. In particular, forward-looking information in this press release includes, but is not limited to, statements with respect to the proposed timing and ability to pay the cash consideration and to discharge the loan held by 143 BC. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information. Forward-looking information is based on the opinions and estimates of management 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 information. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.
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