CANAL FRONT INVESTMENTS INC. ACQUIRES SECURITIES OF SORRENTO RESOURCES LTD.
PDF UnavailableVancouver, British Columbia, November 19, 2025 – Canal Front Investments Inc. (the “Acquiror”) acquired ownership and control of 600,000 common shares (the “Subject Shares”) and 600,000 common share purchase warrants (the “Subject Warrants” and together with the Subject Shares, the “Subject Units”) of the Company. Canal Front Investments Inc. also acquired ownership and control of 600,000 Commitment Warrants.
Upon closing of the Offering (the “Closing”), Canal acquired 600,000 Units and 600,000 Commitment Warrants. When combined with the securities previously held by Mr. Naughty, he now beneficially owns a total of 5,130,500 shares representing 11.78% of the total issued and outstanding shares on an undiluted basis and 15.09% on a partially diluted basis. Prior to Closing, Mr. Naughty beneficially owned 4,530,500 shares representing 13.85% of the total issued and outstanding shares on an undiluted basis and 15.14% on a partially diluted basis. The aggregate value of the 600,000 Units issued to Canal is $150,000. The Units and Commitment Warrants were acquired for investment purposes and in the future, additional securities of the Company may be acquired or disposed of by Mr. Naughty as circumstances or market conditions may warrant. An early warning report will be filed by Mr. Naughty with applicable Canadian securities regulatory authorities. To obtain a copy of the related early warning report, please contact the Company by phone at 604-290-6152 or by email at investors@sorrentoresources.ca. Mr. Naughty has an address at 2801 Henry Street, Port Moody, BC.
Additional Information
A copy of the applicable securities report filed in connection with the matters set forth above may be obtained on SEDAR+ under the profile of Sorrento Resources Ltd.
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