Pathfinder Provides Corporate Update

NOT FOR DISTRIBUTION OR DISSEMINATION TO THE UNITED STATES

VANCOUVER, BC / ACCESSWIRE / November 15, 2024 / Pathfinder Ventures Inc. (TSXV:RV) (“Pathfinder” or the “Company”) is pleased to announce the following corporate updates:

Extension of Closing for Non-Brokered Private Placement

Further to its news release of October 15, 2024, Pathfinder has extended the closing date for the second tranche of its non-brokered private placement (the “Private Placement”) of 20,000,000 units (“Unit”) at a price of $0.10 per Unit for gross proceeds of up to $2,000,000 of which 7,000,000 Units ($700,000) were issued on September 13, 2024. The Company intends to extend the offering for the remaining balance of 13,000,000 Units to November 29, 2024.

Each Unit is comprised of one post-consolidation common share (a “Share”) of the Company and one-half of a non-transferable purchase warrant, with a whole warrant (“Warrant”) entitling the holder to purchase a Share at a price of $0.20 for a period of 36 months, subject to accelerated expiry upon certain events.

Net proceeds will be used to upgrade and expand RV resorts, pursue acquisition and development opportunities, and for general working capital. All securities issued will be subject to a four month hold period.

Completion of the Private Placement remains subject to the approval of the TSX Venture Exchange.

Annual General Meeting Date

The Company has determined that its 2024 Annual General Meeting of shareholders will be held on December 20, 2024, at 11:00 am PST at the offices of Vantage Law Corp., Suite 1120 – 625 Howe Street, Vancouver, B.C. The Company anticipates that the only items on the agenda will be the re-appointment of auditors, fixing the number of directors, electing directors, and re-approving the Company’s security-based compensation plan. The Company encourages shareholders to opt in and utilize electronic communications to save costs and support the environment.

Change in Corporate Secretary

Mr. Joe Bleackley, CEO and Director of Pathfinder, has resigned as Corporate Secretary and Len Brownlie, Ph.D. has been appointed as Corporate Secretary. This change is intended to streamline management time while Joe continues his role as CEO and Director.

Change to Board of Directors

Len Brownlie has resigned as a director to focus on other business and recreational ventures. The Board of Directors would like to thank Len for his contributions to Pathfinder over the last three years and looks forward to his continued support as Corporate Secretary.

Appointment of Director

To fill the vacancy left by Mr. Brownlie’s resignation, the Company has appointed Mr. Allen Szmyrko to the Company’s Board subject to TSX Venture Exchange approval.

Mr. Szmyrko brings over two decades of experience in corporate management, governance, and civil earthworks, with a focus on large-scale projects and real estate development across Western Canada. As the head of a vertically integrated firm offering services in project management, modular home manufacturing, and civil/structural engineering, he has successfully overseen the construction of over 150 homes in the past two years.

Currently, Mr. Szmyrko is advancing several major projects, including three communities on First Nations lands in the Okanagan Valley, delivering up to 950 affordable homes in the region. His deep expertise ensures efficient site preparation and infrastructure development, while his commitment to ethical partnerships enhances community impact. With a leadership style that emphasizes innovation, strategic growth, and sustainability, Mr. Szmyrko is poised to make a significant contribution to Pathfinder.

“Mr. Szmyrko’s extensive expertise in construction and real estate development, combined with a proven track record in leading major projects and driving investment growth, make him an invaluable addition to our team. We look forward to leveraging his knowledge and leadership to fuel Pathfinder’s continued growth and success,” said Joe Bleackley, CEO and Founder of Pathfinder.

About Pathfinder Ventures

Pathfinder Ventures Inc. is a leading operator of RV Resorts and Manufactured Housing Communities, committed to delivering exceptional hospitality and modern amenities as a core aspect of its portfolio.

To learn more about Pathfinder Camp Resorts, click the link below:
www.PathfinderCampResorts.com

On behalf of the board of directors of the Corporation:

Joe Bleackley
Chief Executive Officer, Founder and Director
Pathfinder Ventures Inc.

Company Contact:
Joe Bleackley
Chief Executive Officer, and Director
Phone: (604) 914 2575
Email: ir@PathfinderVentures.ca
Website: PathfinderVentures.ca || PathfinderCampResorts.com