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1844 Resources Inc. Announces Extension of the Option Agreement with Nickel North and Clarifies Terms of the Market Maker Agreement
Vancouver, British Columbia--(Newsfile Corp. - June 23, 2025) - 1844 Resources Inc . (TSXV: EFF...
About this update from 1844 Resources Inc
[{"type":"text","content":"1844 Resources Inc. Announces Extension of the Option Agreement with Nickel North and Clarifies Terms of the Market Maker AgreementVancouver, British Columbia--(Newsfile Corp. - June 23, 2025) - 1844 Resources Inc. (TSXV: EFF) (\"1844\" or the \"Company\") announces an update regarding its option agreement (the \"Option Agreement\") between Nickel North Exploration Corp. (\"Nickel North\") and 1844. Specifically, 1844 and Nickel North have agreed to extend the Outside Date (as defined in the Option Agreement) from June 20, 2025, to July 31, 2025. The Option Agreement remains subject to the approval of the TSX Venture Exchange (the \"Exchange\"). Additionally, the Company continues to pursue its previously announced non-brokered private placement of units of the Company (each, a \"Unit\") at a price of $0.025 per Unit (the \"Unit Offering\") for aggregate gross proceeds of up to $750,000. None of the securities issued in the Unit Offering will be registered under the United States Securities Act of 1933, as amended (the \"1933 Act\"), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This news release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state where such offer, solicitation, or sale would be unlawful.Update on Market-Making Services AgreementFurther to the Company's news release dated May 1, 2025, regarding its market-making agreement (the \"Market Making Agreement\") with Venture Liquidity Providers Inc. (\"VLP\"), the Company announces:that it entered into the Market Making Agreement on July 28, 2020 (see the Company's news release dated July 29, 2020). The market making service is undertaken by VLP through a registered broker, W.D. Latimer Co. Ltd., in compliance with the applicable policies of the Exchange. For its services, the Company agreed to pay VLP a monthly fee of $5,000 CAD, plus applicable tax;the Market Making Agreement was automatically renewed for successive 12-month terms and has remained in effect continuously since its inception;the Market Making Agreement can now be terminated at any time by either the Company or VLP;1844 and VLP act at arm's length, and VLP has no present interest, directly or indirectly, in the...