Business
Naughty Ventures Corp. to Acquire Lord Baron Property from Sorrento Resources
Vancouver, British Columbia--(Newsfile Corp. - October 17, 2025) - NAUGHTY VENTURES CORP. (CSE: BAD) (OTC Pink: YORKF) (FSE: 5DE) ( "Naughty Ventures") and Sorrento Resources Ltd. (CSE: SRS) (OTCQB: SRSLF) ("Sorrento") are excited to announce that they have entered into an arm's length mineral property purchase agreement (the "Purchase Agreement") dated October 16th, 2025, pursuant to which Naughty Ventures has agreed to acquire a 100% undivided interest in Sorrento's Lord Baron property (the...
About this update from Naughty Ventures Corp.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - October 17, 2025) - NAUGHTY VENTURES CORP. (CSE: BAD) (OTC Pink: YORKF) (FSE: 5DE) ( "Naughty Ventures") and Sorrento Resources Ltd. (CSE: SRS) (OTCQB: SRSLF) ("Sorrento") are excited to announce that they have entered into an arm's length mineral property purchase agreement (the "Purchase Agreement") dated October 16th, 2025, pursuant to which Naughty Ventures has agreed to acquire a 100% undivided interest in Sorrento's Lord Baron property (the "Lord Baron Property"), subject to an existing underlying 2% net smelter returns royalty (the "NSR"). The acquisition of the Lord Baron Property provides Naughty Ventures with an additional, near-term exploration opportunity.","length":781,"tagName":"p"},{"type":"text","content":"Blair Naughty, CEO of Naughty Ventures, commented:","length":50,"tagName":"p"},{"type":"text","content":""We know the Lord Baron Property well; it's a compelling opportunity and we are excited to advance it this year."","length":127,"tagName":"p"},{"type":"text","content":"Details of the Purchase Agreement","length":33,"tagName":"p"},{"type":"text","content":"Pursuant to the Purchase Agreement, Naughty Ventures will acquire an undivided 100% interest in and to the Lord Baron Property in consideration for issuing 1,000,000 common shares in the capital of Naughty Ventures (each, a "Share" and together, the "Shares"), at a deemed price of $0.18 per Share, subject to the NSR (the "Acquisition"). The Shares will be subject to a statutory four month and 1 day hold period from the date of issuance.","length":470,"tagName":"p"},{"type":"text","content":"Closing of the Acquisition remains subject to, without limitation, receiving all necessary consents and approvals, including the approval of the Canadian Securities Exchange (the "CSE"), as well as the satisfaction of customary closing conditions. The Companies expect to complete the Acquisition in the coming weeks.","length":327,"tagName":"p"},{"type":"text","content":"In connection with the Acquisition, Sorrento has agreed to pay a finder's fee equal to 100,000 Sorrento Shares to Kluane Capital FZCO upon closing of the Acquisition.","length":170,"tagName":"p"},{"type":"text","content":"About Naughty Ventures...