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     117  0 Kommentare Clover Leaf Capital Announces Proposed Qualifying Transaction

    VANCOUVER, BC / ACCESSWIRE / September 27, 2022 / Clover Leaf Capital Corp. (TSXV:CLVR.P) ("Clover Leaf" or the "Company") is pleased to announce that it has entered into a non-binding letter of intent (the "LOI") dated September 26, 2022 with North …

    VANCOUVER, BC / ACCESSWIRE / September 27, 2022 / Clover Leaf Capital Corp. (TSXV:CLVR.P) ("Clover Leaf" or the "Company") is pleased to announce that it has entered into a non-binding letter of intent (the "LOI") dated September 26, 2022 with North Shore Energy Metals Ltd. ("North Shore Energy"), a mineral exploration company which holds two properties located at the eastern margin of the Athabasca basin that are prospective for uranium and other metals.

    The LOI outlines the principal terms and conditions of a proposed transaction which if completed will result in a reverse takeover of Clover Leaf by North Shore Energy (the "Transaction"). The LOI provides that the parties have until November 30, 2022 to enter into a binding agreement for the Transaction, after which date the LOI will be terminated unless otherwise agreed to by the parties. Either party may terminate the LOI prior to November 30, 2022 if among other things it is not satisfied with the results of its due diligence.

    Clover Leaf is a Capital Pool Company and intends the Transaction to constitute its Qualifying Transaction, as such terms are defined in the policies of the TSX Venture Exchange (the "TSXV"). In connection with the announcement of the LOI, the trading in the common shares of Clover Leaf ("Clover Leaf Shares") has been halted pursuant to the policies of the TSXV. Trading will remain halted until, among other things, Clover Leaf completes certain regulatory filings in connection with the Qualifying Transaction with the TSXV and the TSXV has completed certain matters it considers necessary or advisable.

    North Shore Energy Metals Ltd.

    North Shore Energy is a private mineral exploration company incorporated under the laws of British Columbia. North Shore Energy holds two mineral properties on the eastern margin of the Athabasca basin in Saskatchewan: the West Bear property, consisting of five mineral claims covering 4,511 hectares, and the Falcon property, consisting of four mineral claims covering 12,791 hectares (Figure 1).

    North Shore Energy is led by its President and co-founder, Mr. Brooke Clements, a geologist with over 35 years of experience. Mr. Clements is currently the President of Craton Minerals Ltd. and held positions as President of Peregrine Diamonds Ltd. (2007-2015) and Vice President Exploration of Ashton Mining of Canada Inc. (1999-2007). He received the prestigious Association for Mineral Exploration of BC Hugo Dummett Award for diamond exploration and development in 2012 and 2019 in recognition of diamond discoveries in Quebec and Nunavut respectively.

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    Clover Leaf Capital Announces Proposed Qualifying Transaction VANCOUVER, BC / ACCESSWIRE / September 27, 2022 / Clover Leaf Capital Corp. (TSXV:CLVR.P) ("Clover Leaf" or the "Company") is pleased to announce that it has entered into a non-binding letter of intent (the "LOI") dated September 26, 2022 with North …