Infield Minerals Announces Share Issuance for Utah Gold Property

Infield Minerals Corp., listed on TSXV as IN, has announced its intent to issue 1,508,092 common shares for an option payment under the Kings Canyon Agreement, subject to TSX Venture Exchange approval. This move is in connection with a $100,000 payment to Geomark Minerals USA Inc. and pertains to the company's Kings Canyon Property in Utah, USA. The shares will be issued at a price of $0.066309 each and will have a statutory hold period of four months plus one day.

The option agreement requires a total payment of $1.2 million to Geomark over 48 months to secure a 100% interest in the property, with some payments potentially issued in common shares of Infield. Subsequent payments are tied to specific achievements, including mineral report filings and production milestones.