Forty Pillars Mining Corp. Closes Share Exchange with Tamed Mining Corp.
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Forty Pillars Mining Corp. Closes Share Exchange with Tamed Mining Corp.
Vancouver, B.C. – October 11, 2024 ‐ Forty Pillars Mining Corp. (CSE: PLLR) (the “Company” or “Forty Pillars”) is pleased to announce, further to its news release dated September 9, 2024, that it has completed the acquisition of Tamed Mining Corp. (“Tamed Mining”) pursuant to a share exchange agreement dated September 9, 2024 among the Company, Tamed Mining, and the shareholders of Tamed Mining (the “Shareholders”). The Company completed the acquisition from the Shareholders of all of the issued and outstanding common shares of Tamed Mining in exchange for the issuance by the Company to the Shareholders of 10,000,000 common share of the Company at a deemed price of $0.0975 (the “Consideration Shares”) per common share. Tamed Mining is a privately held arm’s length party, incorporated in British Columbia that holds an interest in eleven mineral claims located in Quebec and three mineral claims located in Idaho.
The Consideration Shares have been issued pursuant to an exemption from the prospectus requirements under applicable securities laws pursuant to Section 2.16 of National Instrument 45-106. The Consideration Shares are subject to a resale restriction expiring on the later of February 12, 2025 and 10 trading days after the Company files a business acquisition report in connection with the transaction.
About Forty Pillars
Forty Pillars Mining Corp. is a Vancouver, B.C. based mineral exploration company focused on exploring the Silver Dollar Project located in the Greenwood Mining Division, B.C.
FOR FURTHER INFORMATION CONTACT:
Nader Vatanchi Chief Executive Officer
p: 778-881-4631
Neither the Canadian Securities Exchange nor its Market Regulator (as the term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of this news release.
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