LGR Logan Resources Ltd

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES


Logan Resources Ltd. (TSX VENTURE:LGR) ("Logan") is pleased to announce that it
intends to undertake a non-brokered private placement to raise up to a total of
$1,000,000 through the issuance of 10,000,000 units of Logan (the "Units") at a
price of $0.10 per Unit (the "Offering"). Each Unit will consist of one common
share and one half of one common share purchase warrant (each whole warrant a
"Warrant"). Each Warrant shall be exercisable to acquire one common share for a
period of 24 months at an exercise price equal to $0.20.


At any time after four months and one day from the date of the Closing of the
Offering, if the volume weighted average trading price of the common shares of
Logan on the TSX Venture Exchange is greater than $0.50 per share for 20
consecutive trading days, Logan may give written notice to warrant holders that
the Warrants will expire 30 calendar days after the date of such notice.


Logan intends to use the net proceeds of the Offering to further Logan's
exploration, development and acquisition programs and for general working
capital purposes.


The Offering will be non-brokered; however, Logan will pay finder's fees in
accordance with the rules and policies of the TSX Venture Exchange. The Offering
is subject to the approval of the TSX Venture Exchange.


The securities being offered hereby have not been, nor will they be, registered
under the United States Securities Act of 1933, as amended, and may not be
offered or sold in the United States or to, or for the account or benefit of,
U.S. persons absent registration or an applicable exemption from the
registration requirements. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy nor shall there be any sale of the
securities in any state or province in which such offer, solicitation or sale
would be unlawful.


About Logan

Logan Resources Ltd. is a mineral exploration company that specializes in
acquiring, exploring and advancing Canadian mineral properties. Logan has a
diversified portfolio of precious metal, base metal and uranium projects. For
more information on the property portfolio and Logan, please visit
www.loganresources.ca.


LOGAN RESOURCES LTD.

On behalf of the Board

Adrian Bray, President & CEO

Cautionary Note Regarding Forward-Looking Information

Information set forth in this news release may involve forward-looking
statements under applicable securities laws. Forward-looking statements are
statements that relate to future, not past, events. In this context,
forward-looking statements often address expected future business and financial
performance, and often contain words such as "anticipate", "believe", "plan",
"estimate", "expect", and "intend", statements that an action or event "may",
"might", "could", "should", or "will" be taken or occur, or other similar
expressions. All statements, other than statements of historical fact, included
herein including, without limitation; statements about the terms of the
Offering, and statements about the use of proceeds from the Offering are
forward-looking statements. By their nature, forward-looking statements involve
known and unknown risks, uncertainties and other factors which may cause our
actual results, performance or achievements, or other future events, to be
materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Such factors include,
among others, the following risks: the need for additional financing;
operational risks associated with mineral exploration; fluctuations in commodity
prices; title matters; environmental liability claims and insurance; reliance on
key personnel; issues in obtaining required permits; the potential for conflicts
of interest among certain officers, directors or promoters with certain other
projects; the absence of dividends; competition; dilution; the volatility of our
common share price and volume and the additional risks identified in the
management discussion and analysis section of our interim and most recent annual
financial statements or other reports and filings with applicable Canadian
securities regulators. Forward-looking statements are made based on management's
beliefs, estimates and opinions on the date that statements are made and Logan
undertakes no obligation to update forward-looking statements if these beliefs,
estimates and opinions or other circumstances should change, except as required
by applicable securities laws. Investors are cautioned against attributing undue
certainty to forward-looking statements.

Grafico Azioni Logan Resources Ltd. (TSXV:LGR)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Logan Resources Ltd. (TSXV:LGR)
Storico
Da Giu 2023 a Giu 2024