Vancouver, British Columbia--(Newsfile Corp. - November 23, 2022) - OBERON URANIUM (CSE: OBRN) (the "Company") is pleased to announce that the Company's Class A common shares have been approved for listing on the Canadian Securities Exchange, with trading in the shares to commence under the symbol "OBRN" on Wednesday, November 23, 2022 (the "Listing Date").
As indicated in the Company's CSE Listing Statement dated as of November 18, 2022 and available on SEDAR at www.sedar.com, the Company's business objectives are: (1) to earn a 100% interest in the Company's past producing "Lucky Boy Property" located in Arizona, USA, pursuant to the option agreement respecting the property; and (2) to conduct exploration on the Lucky Boy Property as recommended in the technical report respecting property available on SEDAR at www.sedar.com. To achieve these business objectives, the Company will seek to accomplish the following significant events: (a) on the Listing Date, make a US$50,000 (approximately CAD$67,500) cash payment and issue 500,000 shares to the optionor under the Lucky Boy Property option agreement; (b) on the first anniversary of the Listing Date, issue an additional 250,000 shares to the optionor; and (c) by October 31, 2023, conduct the US$248,000 (approximately CAD$335,000) exploration program on the Lucky Boy Property recommended in the Lucky Boy technical report.
About the Company
Oberon Uranium Corp. is a mineral exploration company with an option to acquire a 100% interest in the past producing Lucky Boy Property located in Arizona, USA. Oberon also has a 100% interest in the Element 92 Property located in Saskatchewan, Canada. For further information, please refer to the Company's disclosure record on SEDAR (www.sedar.com) or contact the Company by email at email@example.com or by telephone at 778.317.8754.
On Behalf of the Board of Directors
Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, and dependence on key personnel. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.
The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
The CSE has not reviewed, approved or disapproved the contents of this news release.
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