A total of 22,500,000 units were issued at a price of
All securities issued are subject to a hold period expiring
Proceeds from the offering will be used for exploration at the Company's Stillwater West platinum group element ('PGE')-Ni-Cu-Co project in
President and CEO
Our work at Stillwater West has demonstrated the potential for multiple 'Platreef-style' deposits - bulk tonnage nickel and copper sulphide mineralization enriched in palladium, platinum, gold, rhodium and cobalt - in the lower
'We are now launching phase two of our 2020 campaign, focused on Induced Polarization geophysical surveys over the most advanced target areas, with extensions into untested adjacent targets. Phase three is scheduled to commence in early August with step out expansion drilling planned at the most advanced target areas. In addition, we are now active at our high-grade gold targets, as announced in
About
Palisades
About
Contact:
Tel: (604) 357 4790
Email: info@grouptenmetals.com
Web: http://grouptenmetals.com
Forward-Looking Statements
This news release includes certain statements that may be deemed 'forward-looking statements'. All statements in this release, other than statements of historical facts including, without limitation, statements regarding potential mineralization, historic production, estimation of mineral resources, the realization of mineral resource estimates, interpretation of prior exploration and potential exploration results, the timing and success of exploration activities generally, the timing and results of future resource estimates, permitting time lines, metal prices and currency exchange rates, availability of capital, government regulation of exploration operations, environmental risks, reclamation, title, and future plans and objectives of the Company are forward-looking statements that involve various risks and uncertainties. Although Group Ten believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the companies with securities regulators. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral exploration and development of mines is an inherently risky business. Accordingly, the actual events may differ materially from those projected in the forward-looking statements.
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