Business
AFR NuVenture Resources Inc. Announces Trading Reinstatement and Non-Brokered $125,000 Private Placement
(TheNewswire) TORONTO, Ontario – TheNewswire - January 26, 2026 – AFR ...
About this update from Absolutely Critical Resources Corp.
[{"type":"text","content":"AFR NuVenture Resources Inc. Announces Trading Reinstatement and Non-Brokered $125,000 Private Placement\n(TheNewswire)\n\n\nTORONTO, Ontario – TheNewswire\n- January 26, 2026 – AFR NuVenture Resources\nInc. (“AFR” or the “Company”) (TSXV: AFR), is pleased to\nannounce that effective at the opening Tuesday,\nJanuary 27, 2016, trading will be reinstated in the securities of the\nCompany.\n\n\nFurther to the Company’s press release dated January\n23, 2026, the Company also announces that, as part of the\nreinstatement process, it is initially intending to offer for sale, on a non-brokered private placement basis,\ninitially 8,333,334 common shares of the Company (the\n“Offering”) consisting of shares of the Company at a price of\n$0.015 per Unit for aggregate gross proceeds of $125,000. Each Unit\nwill consist of one common share (each, a “Share”) and one\nshare purchase warrant (each, a “Warrant”).  Each\nWarrant will entitle the holder to acquire one additional common share\n(each, a “Warrant\nShare”) in the capital of the Company at an\nexercise price of $0.05 per Warrant Share for a period of five (5)\nyears after the closing of the Offering.  \n\n\nThe Offering is subject to the receipt of all necessary\napprovals, including approval of the Toronto Venture Exchange (the\n“TSXV”), as well as the satisfaction of other customary closing\nconditions. The proceeds derived from the sale of the shares will be\nexpended to pay the costs of a preliminary exploration programs on one\nor both of the Company’s projects as follows:\n\n\nMary Ann’s Lake Copper/Silver Project -\n$70,000.\n\n\nMassey Nickel/Copper Project - $25,000.\n\n\nWorking Capital: General Administrative Expenses and\nWorking Capital - $30,000.\n\n\n \n\n\nA portion of the Offering may be allocated to investors\nrelying on the “existing security holder”, “accredited\ninvestor” or other exemptions available to AFR under National\nInstrument 45-106 – Prospectus Exemptions.\n\n\nIf a new Control Person’s is created as a result of\nthis Offering, shareholder approval may be required, however, no new\ncontrol person is expected to be created.\n\n\nCertain Insiders (as such...