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    CCW   CA1348521024

CANADA SILVER COBALT WORKS INC.

(CCW)
Delayed Bourse de Toronto  -  05/27 03:59:59 pm EDT
0.1650 CAD    0.00%
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05/24Canada Silver Cobalt Announces Airborne VTEM Geophysical Survey at its Lowney-Lac Edouard Property East of La Tuque in Central Quebec
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Canada Silver Cobalt Works : ANNOUNCES UPSIZED $3 MILLION MARKETED PRIVATE PLACEMENT OF FLOW-THROUGH SHARES

12/06/2021 | 09:12pm EDT

Canada Silver Cobalt Works Inc.

3028 Quadra Court

Coquitlam, B.C., V3B 5X6

CanadaSilverCobaltWorks.com

CANADA SILVER COBALT ANNOUNCES UPSIZED $3 MILLION MARKETED

PRIVATE PLACEMENT OF FLOW-THROUGH SHARES

The securities being offered have not been, nor will they be, registered under the United States

NOT FOR DISSEMINATION IN OR INTO THE UNITED STATES OR FOR DISTRIBUTION TO U.S.

NEWSWIRE SERVICES

Coquitlam, BC, December 6, 2021 - Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt:

4T9B) (the "

" or "

") announces that, due to strong investor demand, it has

agreed with Research Capital Corporation, as sole bookrunner, and together with Canaccord Genuity Corp. as

Company

Canada Silver Cob lt

co-lead agents (together, the "

"), to increase the size of the previously announced best efforts private

placement offering for gross proceeds from up to $2,000,000 to up to $3,000,000 (the "

"). For more

Agents

details on the Offering, refer to the Company's previous press release dated December 3, 2021, as filed on

SEDAR at www.sedar.com.

Offering

The Agents will have an option (the "Agents' Option") to offer for sale up to an additional 15% of the number

of federal flow through common shares and/or Québec flow-through common shares sold in the Offering at

the Offering Price, which Agents' Option is exercisable, in whole or in part, at any time up to 48 hours prior to

the closing of the Offering.

Securities Act

, as amended, and such securities may not be offered or sold within the United States or to, or for the accountof 1933 or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws.

About Canada Silver Cobalt Works Inc.

Canada Silver Cobalt Works Inc. recently discovered a major high-grade silver vein system at Castle East located 1.5 km from its 100%-owned,past-producing Castle Mine near Gowganda in the prolific and world- class silver-cobalt mining district of Northern Ontario. This discovery has the highest silver resource grade in the world, with recent drill intercepts of up to 89,853 grams/tonne silver (2,621 oz/ton Ag). A drill program is underway to expand the size of the deposit with an update to the resource estimate scheduled for Q1 2022.

In May 2020, based on a small initial drill program, the Company published the region's first 43-101 resource estimate that contained a total of 7.56 million ounces of silver in Inferred resources, comprising very high-grade silver (8,582 grams per tonne un-cut or 250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Castle East Robinson Zone, beginning at a vertical depth of approximately 400 meters. Note that mineral resources that are not mineral reserves do not have demonstrated economic viability. Please refer to Canada Silver Cobalt Works Press Release May 28, 2020, for the resource estimate. Report reference: Rachidi, M. 2020, NI 43-101 Technical Report Mineral Resource Estimate for Castle East, Robinson Zone, Ontario, Canada, with an effective date of May 28, 2020, and a signature date of July 13, 2020.

Canada Silver Cobalt's flagship silver-cobalt Castle mine and 78 sq. km Castle Property feature strong exploration upside for silver, cobalt, nickel, gold, and copper. With underground access at the fully owned Castle Mine, an exceptional high-grade silver discovery at Castle East, a pilot plant to produce cobalt-rich

Page 2 of 2 gravity concentrates on site, a processing facility (TTL Laboratories) in the town of Cobalt, and a proprietary hydrometallurgical process known as Re-2Ox(for the creation of technical-gradecobalt sulphate as well as nickel-manganese-cobalt(NMC) formulations), Canada Silver Cobalt is strategically positioned to become a Canadian leader in the silver-cobaltspace. More information at www.canadasilvercobaltworks.com.

"Frank J. Basa"

Frank J. Basa, P. Eng.

Chief Executive Officer

For further information, contact:

Frank J. Basa, P.Eng.

416Chief-625Executive-2342 Officer

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Statements

This news release may contain forward-looking statements which include, but are not limited to, comments regarding the Offering and comments that involve other future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address the Offering, resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, future financings, availability of funds, and others are forward-looking.Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. No assurance can be given that the Offering will close on the terms and conditions set out in this news release or at all. General business conditions are factors that could cause actual results to vary materially from forward-looking statements. A detailed discussion of the risk factors encountered by Canada Silver Cobalt is available in the Company's Annual Information Form dated July 19, 2021 for the fiscal year ended December 31, 2020 available under the Company's profile on SEDAR at www.sedar.com.

Disclaimer

Canada Silver Cobalt Works Inc. published this content on 06 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 December 2021 02:11:02 UTC.


© Publicnow 2021
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Financials
Sales
Net income
Net Debt
P/E ratio
Yield
Capitalization 33,5 M 26,3 M 26,3 M
EV / Sales -1
EV / Sales 0
Nbr of Employees -
Free-Float 98,6%
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Managers and Directors
Frank J. Basa Chief Executive Officer & Director
Matt Halliday President, Chief Operating Officer & Director
Robert D. B. Suttie Chief Financial Officer
Dianne Tookenay Independent Director
Jacques F. Monette Independent Director
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