Vancouver, British Columbia, Canada, February 11, 2020, Confederation Minerals Ltd. (TSX-V: CFM) (“Confederation” or the “Company”) announces that effective as of the opening of trading on Wednesday, February 12, 2020, the consolidated common shares of the Company will commence trading on the TSX Venture Exchange (the “Exchange”) on the basis of one (1) post‐consolidated common share for every two (2) pre‐consolidated common shares held (the “Consolidation”).

The Consolidation was authorized by the Company’s Board of Directors in accordance with its Articles.  At current date, the Company has 26,544,888 pre-consolidation common shares issued and outstanding and the Company will have approximately 13,272,447 common shares issued and outstanding post‐consolidation. No fractional shares will be issued. Any fractional shares resulting from the Consolidation shall be converted such that each fractional common share remaining after conversion that is less than one-half of a common share be cancelled and each fractional common share that is at least one-half of a common share be changed to one whole common share.

The Company’s new CUSIP number is 20716C502 and the new ISIN number is CA20716C5028.  A Letter of Transmittal with respect to the Consolidation will be mailed to registered shareholders of the Company. The stock symbol will remain unchanged.

Registered shareholders can send their respective certificates representing the pre‐consolidated common shares along with a properly completed Letter of Transmittal to the Company’s transfer agent, Computershare Investor Services Inc. (“Computershare”), in Toronto, Ontario, all in accordance with the instructions provided in the Letter of Transmittal. Additional copies of the Letter of Transmittal can be obtained through Computershare (Shareholder Services 1‐800‐564‐6253 or by e‐mail to This email address is being protected from spambots. You need JavaScript enabled to view it.).  All shareholders who submit a duly completed Letter of Transmittal along with their respective pre‐consolidated share certificate(s) to Computershare will receive in return a post-consolidated share certificate. No action is required by non-registered shareholders (shareholders who hold their shares through an intermediary) to effect the Consolidation.

For further information about this news release and the Company’s current activities contact This email address is being protected from spambots. You need JavaScript enabled to view it., visit our website at www.confederationmineralsltd.com or call us at 604-688-9588.

On behalf of the Board of Directors,

Confederation Minerals Ltd.

“David Velisek”

David Velisek
CEO and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Vancouver, British Columbia, Canada, Confederation Minerals Ltd. (TSX-V: CFM) (“Confederation” or the “Company”) is pleased to announce that it has closed its previously announced non-brokered private placement (the “Offering”).  The Offering raised gross proceeds of approximately $1,000,000 by the issuance of 8,333,333 units (each a “Unit”) at a price of $0.12 per Unit.  Each Unit consists of one pre-consolidation common share and one transferrable share purchase warrant (each a “Warrant”). Each Warrant entitles the holder to purchase one pre-consolidation common share in the capital of the Company (each a “Warrant Share”) at a price of $0.18 per Warrant Share for a period of five years from the closing of the Offering.

In respect of the Offering, the Company issued 84,583 finder’s shares (the “Finder’s Shares”).

All of the securities issued are subject to a statutory hold period expiring June 6, 2020.

The proceeds from the Offering will be used to fund exploration programs on the Company's Newman Todd gold prospect and Leo property in the Red Lake gold camp and for general working capital and corporate purposes.

Early Warning Report filed pursuant to National Instrument 62-103 – The Early Warning System and Related-Take-Over Bid and Insider Reporting Issues

Erin Norman (the “Ms. Norman”) will file an early warning report as required under applicable Canadian securities laws as a result of Ms. Norman acquiring Units pursuant to the Offering.

Immediately prior to the closing of the Transaction, Ms. Norman beneficially owned nil Common Shares.  Following the closing of the Offering, Ms. Norman beneficially owns or otherwise exercises control or direction over 2,500,000 Common Shares of the Company, representing 9.42% of the Common Shares issued and outstanding on an undiluted basis. Assuming full exercise of the Warrants, Ms. Norman will beneficially own or otherwise exercise control or direction over 5,000,000 Common Shares of the Company, representing 17.21% of the Common Shares issued and outstanding, on a partially diluted basis.

The Units are held by Ms.Norman for investment purposes. Ms. Norman’s future holdings in securities of the Company may increase or decrease in accordance with applicable securities legislation and in consideration of various factors that he may deem appropriate, including, but not limited to, Ms. Norman’s investment criteria, market conditions and as circumstances warrant. 

Additional information in respect of the foregoing matters is available in the early warning report that will be filed under the Company’s profile on www.sedar.com.

On behalf of the Board of Directors,
Confederation Minerals Ltd.

“David Velisek”

David Velisek
CEO & Director
CORPORATE INQUIRIES
Confederation Minerals Ltd.
Suite 2250, 1055 West Hastings Street
Vancouver, B.C.
604.688.9588
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.confederationmineralsltd.com

About CFM

Confederation Minerals Ltd. is a British Columbia based company engaged in the business of acquisition, exploration and development of mineral properties located in the highly prospective Red Lake Mining District of Northern Ontario.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Vancouver, British Columbia, Canada, Confederation Minerals Ltd. (TSX-V: CFM) (“Confederation” or the “Company”) is pleased to announce that it will conduct a non-brokered private placement (the “Offering”) of 8,333,333 (the “Units”) at a price of $0.12 per Unit for gross proceeds of up to $1,000,000. Each Unit will consist of one pre-consolidation common share and one transferrable share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one preconsolidation common share in the capital of the Company (a “Warrant Share”) at a price of $0.18 per Warrant Share for a period of five years from the closing of the Offering.

The Company may pay a finder’s fee on all or a portion of the Offering within the amount permitted by the policies of the TSX Venture Exchange.

Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, in particular approval of the TSX Venture Exchange. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

The Company is proceeding with the share consolidation previously announced on January 6, 2020, and expects to close the Offering before or concurrently with the share consolidation.

The proceeds from the Offering will be used to fund exploration programs on the Company's Newman Todd gold prospect and Leo property in the Red Lake gold camp and for general working capital and corporate purposes.

On behalf of the Board of Directors,
Confederation Minerals Ltd.

“David Velisek”

David Velisek
CEO and Director

CORPORATE INQUIRIES
Confederation Minerals Ltd.
Suite 2250, 1055 West Hastings Street
Vancouver, B.C.
604.688.9588
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.confederationmineralsltd.com

About CFM

Confederation Minerals Ltd. is a British Columbia based company engaged in the business of acquisition, exploration and development of mineral properties located in the highly prospective Red Lake Mining District of Northern Ontario.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Vancouver, British Columbia, Canada, January 6, 2020, Confederation Minerals Ltd. (TSX-V:CFM) (“Confederation” or the “Company”) announces that in accordance with the Company’s Articles, its Board of Directors has authorized the implementation of a share consolidation of the Company's common shares on the basis of two (2) pre consolidation common shares for one (1) post-consolidated common share (the "Consolidation"). The Consolidation will provide the Company with a better capital structure in order to attract financing.

The Consolidation is subject to regulatory approval.

The approximately 18,126,972 common shares of the Company currently outstanding will be reduced to approximately approximately 9,063,486 common shares. No fractional shares will be issued. Any fractional shares resulting from the consolidation of the Common Shares shall be converted such that each fractional Common Share remaining after conversion that is less than one-half of a Common Share be cancelled and each fractional Common Share that is at least one-half of a Common Share be changed to one whole Common Share. The exact number of post-consolidated common shares will vary depending on the treatment of fractional shares which will occur when each shareholder's holdings in the Company are consolidated. Outstanding stock options and warrants would similarly be adjusted by the consolidation ratio.

The Company will not be changing its name and trading symbol in connection with the Consolidation. The Common Shares will continue to be traded on the TSX Venture Exchange under the Company’s current name and under its current stock symbol “CFM” on a postconsolidated basis.

The Company will provide further details of the regulatory approval process in due course. This news release was prepared on behalf of the Board of Directors.

For further information about this news release and the Company’s current activities contact This email address is being protected from spambots. You need JavaScript enabled to view it., visit our website at www.confederationmineralsltd.com or call us at 604-688-9588.

On behalf of the Board of Directors,
Confederation Minerals Ltd.

“David Velisek”

David Velisek
CEO and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Vancouver, B.C., September 13, 2019; Confederation Minerals Ltd., (the “Company") (TSXV:CFM) announces that Mr. David Velisek has resigned as President of the Company. Mr. James Lenec has been appointed to the Board of Directors and President of the Company and the subsidiary of the Company, 1106877 BC Ltd. (the “Subsidiary”). Mr. James Lenec has given his consent to act as the president and director of the Company and the Subsidiary effective immediately.

Mr. James Lenec has over 30 years of experience with financial markets in the United States and Canada. His primary focus has been with resources exploration and property management through public and private companies.

The Board and management of the Company are pleased to welcome Mr. Lenec who will provide additional valuable capacity to the Company.

The Board of Directors of the Company currently consists of David Velisek, Denise Lok, Robert Kang, and James Lenec.

For further information about this news release and the Company’s current activities contact This email address is being protected from spambots. You need JavaScript enabled to view it., visit our website at www.confederationmineralsltd.com or call us at 604-688-9588.

On behalf of the Board of Directors,
Confederation Minerals Ltd.

“David Velisek”

David Velisek
CEO and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.