Kraken Energy Completes Acquisition of Major Land Package Surrounding the Apex Uranium Project

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Vancouver, British Columbia–(Newsfile Corp. – May 30, 2022) – Kraken Energy Corp.

UUSAF (the " Company " or " Kraken ") is pleased to announce that, further to its news release dated May 25, 2022, it has completed the acquisition (the " Acquisition ") of all the issued and outstanding securities of Panerai Capital Corp. (" Panerai ") pursuant to the terms of a share exchange agreement dated May 24, 2022 (the " Definitive Agreement ") between the Company, Panerai and the shareholders of Panerai.

In connection with the Acquisition, the Company issued an aggregate of 11,709,666 common shares in the capital of […]

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