Canterra Minerals Corporation (TSXV:CTM) entered into an agreement to acquire Portfolio of Critical and Precious Metals Projects in Central Newfoundland from Buchans Resources Limited for CAD 7.5 million on November 21, 2023. The acquisition of the Properties will be a cashless transaction, with the consideration comprising (a) 24,910,000 common shares of Canterra and (b) 125,500,000 common share purchase warrants. The transaction is subject to lock up agreement, including third party consents and the acceptance of the Acquisition by the TSXV. The transaction is expected to be completed in December 2023. The Company has agreed to transfer 3,054,216 of the Consideration Shares to Energold Minerals Inc., a related party controlled by Buchans? Chairman, John Kearney, in settlement of approximately CAD 183,253 in lease rental payments made by Energold on behalf of Buchans to fulfill a closing condition of the Transaction. Seanchaidh Consulting Inc. acted as strategic advisor to Buchans Resources Limited on the Transaction and the Company has agreed to transfer 1,666,667 Consideration Shares to Seanchaidh in consideration for such services

Canterra Minerals Corporation (TSXV:CTM) completed the acquisition of Portfolio of Critical and Precious Metals Projects in Central Newfoundland from Buchans Resources Limited on December 20, 2023.