Acquisition of Future Mineral Resources Inc. Common Shares by Fred Leigh
In a recent development, Future Mineral Resources Inc. (FMR) has announced a share transaction with 2227929 Ontario Inc. According to a report released by GlobeNewswire, Inc., the transaction took place on September 4, 2025.
Before the transaction, Fred Leigh, a director and CEO of FMR, did not own any FMR securities through 222. However, he directly owned 6,500,000 common shares and 1,500,000 options. The transaction saw 2227929 Ontario Inc. receiving 12,000,000 common shares at a price of approximately $0.05. This was part of a debt settlement transaction.
It's important to note that Fred Leigh's residential address, 198 Davenport Road, Toronto, Ontario, M5R 1J2, is not related to the share transaction. Furthermore, this address is not the same as the address of 2227929 Ontario Inc.
The transaction was aimed at assisting FMR in strengthening its balance sheet for a transition from the Toronto Stock Exchange to the TSX Venture Exchange. After a 10:1 share consolidation by FMR, effective September 5, 2025, Fred Leigh's ownership represents approximately 11% and 11.9% of FMR's outstanding common shares on a non-diluted and partially-diluted basis, respectively.
The company 222929 Ontario Inc., controlled by Fred Leigh, was founded on January 25, 2019. It is worth mentioning that 2227929 Ontario Inc. is also a company controlled by Fred Leigh.
For more information or a copy of the report related to the transaction, contact Fred Leigh at 416 861 2267. However, the news article does not provide any information about the reason for disclosing Fred Leigh's residential address or any details about his personal life or family at his residential address.
Lastly, it's important to note that Fred Leigh and 222 may acquire, dispose, or hold additional FMR securities in the future. The news article does not provide any information about the relevance of Fred Leigh's residential address to the future business operations of Future Mineral Resources Inc.
