Business
New Break Resources Announces Start of Trading on CSE Under Symbol NBRK on Wednesday, September 7, 2022
Toronto, Ontario--(Newsfile Corp. - September 6, 2022) - New Break Resources Ltd. ("New Break" or the "Company") is pleased to announce that the Company's commo
About this update from New Break Resources Ltd.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - September 6, 2022) - New Break Resources Ltd. (\"New Break\" or the \"Company\") is pleased to announce that the Company's common shares (\"Common Shares\") have received final approval for listing from the Canadian Securities Exchange (the \"CSE\"). The Common Shares are expected to commence trading on the CSE under the trading symbol \"NBRK\" at market open on Wednesday, September 7, 2022. New Break will also be featured on the CSE's YouTube channel, CSE TV, as the Company rings the bell as part of a virtual open, including an interview with Michael Farrant, New Break's President and CEO. The video will be available on the Company's website at www.newbreakresources.ca. The ISIN and CUSIP numbers for the Common Shares are CA6425831089 and 642583108, respectively. New Break currently has 40,155,750 Common Shares issued and outstanding. Of the 4,348,000 Common Shares owned by management and directors, 10% will be released from escrow in connection with the commencement of trading, while 3,913,200 will remain in escrow, with batches of 652,200 released every six months over a period of three years. Michael Farrant, President and CEO of New Break, commented, \"Successfully completing a listing of New Break's common shares on the CSE is a significant milestone and comes just under two years after acquiring our Moray property south of Timmins, Ontario and 32 km northwest of the Young-Davidson gold mine operated by Alamos Gold Inc. Over that period of time, we've also added an extremely exciting package of mineral properties in Kivalliq Region, Nunavut, including signing an Inuit Owned Lands Mineral Exploration Agreement on the Sundog gold project and staking the highly prospective gold mineralized Esker claim, just east of South Henik Lake, historically drilled by Comaplex Minerals Corp. As a private company, we assembled over 190 shareholders, raised sufficient capital to allow us to complete a non-offering prospectus, attracted an extremely talented team of mining professionals that makes up our management, board of directors and advisory group and were awarded a grant of up to $200,000 under the Ontario Junior Exploration Program. While having our shares trade publicly gives our shareholders liquidity and allows the Company greater access to capital, it does not change the already high standard...