(TheNewswire)
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Toronto, Ontario – TheNewswire - October 30, 2026 – Jeremy Gillis (the “Acquiror&) announces that this amended news release corrects the disclosure of his and his joint actors& securityholdings in the early warning news release dated September 2, 2026, by including previously omitted common share purchase warrants of Northern Lights Resources Corp. (the “Issuer&). The acquisitions of common shares described in the original news release remain unchanged.
On August 17, 2026, 11661728 Canada Inc., a private company controlled by the Acquiror, acquired 387,500 common shares (the “Common Shares&) of the Issuer through the facilities of the Canadian Securities Exchange (the “CSE&) at a price of $0.08 per Common Share for aggregate consideration of $31,000 (the “Acquisition&).
Immediately prior to the Acquisition, the Acquiror, together with 11661728 Canada Inc. and 1302580 B.C. Ltd., each a private company controlled by the Acquiror (collectively, the “Joint Actors&), beneficially owned or exercised control or direction over an aggregate of 6,887,381 Common Shares, representing approximately 9.55% of the issued and outstanding Common Shares of the Issuer on an undiluted basis.
Following completion of the Acquisition, the Acquiror and the Joint Actors beneficially owned or exercised control or direction over an aggregate of 7,274,881 Common Shares, representing approximately 10.08% of the issued and outstanding Common Shares of the Issuer on an undiluted basis.
Subsequent to the Acquisition, on August 21, 2026, 1302580 B.C. Ltd. acquired an additional 1,200,000 Common Shares through the facilities of the CSE at a price of $0.08 per Common Share for aggregate consideration of $96,000.
As of September 2, 2026, the Acquiror and the Joint Actors beneficially owned or exercised control or direction over an aggregate of 8,474,881 Common Shares, representing approximately 11.75% of the issued and outstanding Common Shares of the Issuer on an undiluted basis. In addition, the Acquiror held an aggregate of 1,815,000 stock options of the Issuer and 50,000 Common Share purchase warrants exercisable at $0.10 per Common Share until December 17, 2028. 1302580 B.C. Ltd. held an additional 2,900,000 Common Share purchase warrants exercisable at $0.05 per Common Share until February 7, 2027.
Assuming the remaining 1,475,000 stock options were exercisable within 60 days of the relevant dates, and including approximately 226,667 options under the March 26, 2026 grant that were vested or scheduled to vest within 60 days, the Acquiror and the Joint Actors held approximately 15.03% of the Common Shares on a partially diluted basis immediately before the Acquisition, 15.53% immediately following the Acquisition and 17.09% as of September 2, 2026. These calculations are based on 72,143,704 issued and outstanding Common Shares and assume no intervening changes to share capital.
The Acquisition and subsequent acquisition were completed for investment purposes. The Acquiror has a long-term view of the investment and may acquire additional securities of the Issuer, either on the open market or through private acquisitions, or may sell securities of the Issuer on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.
An amended early warning report relating to the Acquisition will be filed under the Issuer&s profile on SEDAR+. A copy of the amended early warning report may also be obtained by contacting the Acquiror at the contact information below.
For further information, please contact:
Jeremy Gillis
Tel: +1 (236) 232-0988
Email: [email protected]
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