Newfoundland Discovery Closes Sugaree Property Transaction

Feb 08, 2023

NEWFOUNDLAND DISCOVERY CORP. (CSE: NEWD, OTC: NEWDF, FSE: M4K-FF) (“Newfoundland Discovery” or the “Company”) is pleased to announce that, further to its news release dated January 17, 2023, the Company has closed the acquisition of all issued and outstanding securities of 1000377311 Ontario Inc. (“Ontario Inc”), representing a 100% interest in Ontario Inc (the “Transaction”).

Ontario Inc is the sole beneficial owner of the Sugaree property a 2,376-hectare mineral lithium exploration property located in the Quetico Subprovince located roughly 15 kilometers south of Hearst, Ontario with easy access by forestry roads. The 340 claims have demonstrated preferred geologic environments with S-type granitoids, and pegmatites hosted by metamorphosed sediments (paragneiss) and metavolcanics. The property is adjacent to Brunswick exploration’s newly staked ground, containing both a spodumene and a lepidolite (lithium-rich mica) zone. There is high potential for additional discoveries in our newly consolidated land package.

Transaction Terms

Pursuant to the Transaction, the Company paid the shareholders of Ontario Inc $20,000 and issued 32,000,000 common shares in the capital of the Company (the “Shares”). The Shares were issued pursuant to an exemption from the prospectus requirements under applicable securities laws pursuant to Section 2.16 of National Instrument 45-106 and therefore the Shares are free-trading upon issuance.

Click here to see more...

Video: EP 73 Diversity is Resiliency – Stories of Regeneration Part 6

During the growing season of 2023 as summer turned into fall, the Rural Routes to Climate Solutions podcast and Regeneration Canada were on the final leg of the Stories of Regeneration tour. After covering most of the Prairies and most of central and eastern Canada in the summer, our months-long journey came to an end in Canada’s two most western provinces around harvest time.

This next phase of our journey brought us to Cawston, British Columbia, acclaimed as the Organic Farming Capital of Canada. At Snowy Mountain Farms, managed by Aaron Goddard and his family, you will find a 12-acre farm that boasts over 70 varieties of fruits such as cherries, apricots, peaches, plums, pears, apples, and quince. Aaron employs regenerative agriculture practices to cultivate and sustain living soils, which are essential for producing fruit that is not only delicious but also rich in nutrients.