/NOT FOR DISTRIBUTION TO THE
The Offering is being conducted on a "best efforts" agency basis and will be conducted by
The Offering will be completed (i) by way of a short form prospectus filed in the Canadian Jurisdictions, (ii) on a private placement basis in
The Company has granted the Agent an option to purchase up to an additional 15% of the Shares sold under the Offering, at the issue price of the Shares, which may be exercised, at the sole discretion of the Agent, in whole or in part to purchase Shares upon written notice to the Company at any time up to 30 days following the closing date of the Offering.
The Company intends to use the net proceeds of the Offering for (a) the completion of a Feasibility Study for the
The Prospectus is available on SEDAR at www.sedar.com.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the
About
Forward-Looking Information
This press release contains forward-looking information. Forward-looking information is based on what management believes to be reasonable assumptions, opinions and estimates of the date such statements are made based on information available to them at that time. Forward-looking information may include, but is not limited to, statements with respect to the size and pricing of the Offering, the timing of closing of the Offering, the ability of the Company to obtain all necessary regulatory approvals to complete the Offering and enter into an agency agreement with the Agent and the intended use of proceeds and the Company's future plans. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the inability of the Company to complete the Offering on the terms described herein or at all, the Company using any proceeds from the Offering in a manner other than as set out herein, general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; other risks of the mining industry and the risks described in the annual information form of the Company. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. The Company notes that mineral resources are not mineral reserves and do not have demonstrated economic viability.
A preliminary prospectus containing important information relating to these securities described herein has been filed with securities commissions or similar authorities in certain jurisdictions of
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