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Madison Metals Announces Share Issuance in Connection to Acquiring Uranium Projects in Namibia
TORONTO, Sept. 07, 2022 (GLOBE NEWSWIRE) -- Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) (OTC: MMTLF) is pleased to announce that it has receive
About this update from Critical One Energy Inc.
[{"type":"text","content":" TORONTO, Sept. 07, 2022 (GLOBE NEWSWIRE) -- Madison Metals Inc. (“Madison” or the “Company”) (CSE: GREN) (OTC: MMTLF) is pleased to announce that it has received approval from the Ministry of Mines and Energy, Republic of Namibia for the partial (1/3) transfer of three separate concessions held by Giraffe Energy Investments Close Corporation (“Giraffe Energy”) and Otjiwa Mining and Prospecting Close Corporation named the Rössing North Uranium Project (the “First Transfer”) to Pennywort Investments (Pty) Limited, a wholly owned subsidiary of the Company. In connection with the completion of the First Transfer, the Company issued 533,333 common shares at a price of CAD$0.52 and made a cash payment in the amount of CAD$50,000.00 to Giraffe Energy. The Company has also issued 75,000 common shares for services rendered to Sanmiguel Capital Investment (Bahamas) Ltd., a consultant to the Company. About Madison Metals Inc. Madison Metals Inc (CSE: GREN) (OTC: MMTLF) is a Canadian green energy resource company with experienced management having particular expertise in the uranium mining industry. Madison’s corporate objective is to build value by advancing Rössing-type uranium deposits identified in Kenora, Ontario, Canada and Namibia, Africa by utilizing cutting-edge technology and modern strategies. Additional information about Madison Metals Inc. can be found at madisonmetals.ca and on the Company’s SEDAR profile at www.sedar.com. For further information, please contact: Duane ParnhamExecutive Chairman & CEOMadison Metals Inc.+1 [email protected] Media:Adam BelloManager, Media & Analyst RelationsPrimoris Group Inc.+1 [email protected] Neither the CSE nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release. Forward-looking Statements This release contains “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements regarding business objectives and strategies. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “schedule”, “estimates”, “forecasts”, “intends”, “continue”, “anticipates” or “...