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Posted by
Two Blokes Apr 17 -
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Stock
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Vancouver, BC – April 17 th , 2025 – TheNewswire - Ares Strategic Mining Inc. (“Ares” or the “Company”) (CSE: ARS) is pleased to announce the issuance of common stock for services rendered to the Company by various arm's length parties (the “Share Settlement”), as part of the anticipated ramp-up for Ares' Utah operations. As part of arrangements being made to accelerate development of the Company, Ares plans to issue an aggregate of 4,809,413 common shares of the Company (“Common Shares”) at a deemed price of CAD $0.20 per share to settle approximately CAD $961,882.50 in outstanding debt owed to two parties for lobbying services. The Share Settlement remains subject to approval by the Canadian Securities Exchange (the “Exchange”). The Common Shares issued pursuant to the Share Settlement will be subject to a four month hold period. The Share Settlement is subject to the submission of final documentation and final approval of the Exchange.
