Prudent Minerals Announces Definitive Agreement with Shareholders of Berlin Precious Metals Corp.

2022.12.30

Vancouver B.C., December 30, 2022 – PRUDENT MINERALS CORP. (“Prudent” or the “Company”) (CSE: PRUD) is pleased to report, that further to its news release dated August 10, 2022, it has entered into definitive share exchange agreement with the shareholders (the “Share Exchange Agreement”) of Berlin Precious Metals Corp. (“Berlin”).   Pursuant to the terms of the Share Exchange Agreement, Prudent will exchange 8,000,000 common shares (“Prudent Shares”) and 8,000,000 common share purchase warrants (the “Prudent Warrants”) in exchange for all of the issued and outstanding common shares of Berlin.   

Each Prudent Warrant allows its holder to acquire a Prudent Share for $0.50 for a period of five years. The transactions contemplated by the Share Exchange Agreement are subject to customary conditions precedent for transactions of this nature.