MANA EXPL / THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO
Finder's fees of $111,748 are payable in cash. In addition, a total of 593,460 non-transferable finder's warrants are issuable (the "Finder's Warrants"), with 335,160 Finder's Warrant having an exercise price of $0.15 per share and 258,300 Finder's Warrant having an exercise price of $0.20 per share. Each Finder's Warrant entitles a finder to purchase one common share at the applicable exercise price for two years from the date of issue, expiring on December 29, 2023.
The Company intends to use the proceeds of the flow-through shares for ongoing general exploration of the Company's mineral exploration properties in
All securities issued pursuant to the Offering will be subject to a statutory four-month hold period in accordance with Canadian securities legislation.
Update on Acquisition of
The Company continues to work towards completion of the acquisition (the "Acquisition") of
About
About
Voltage is a mineral exploration company with a highly experienced team focused on the
Past shallow drilling at the
Drilling to date has not yet intersected massive sulphides, and the EM anomaly has not yet been explained. The disseminated sulphide halo provides an important vector to guide the upcoming future exploration work.
Voltage is party to a purchase agreement (the "Purchase Agreement") dated
Trading in
Trading in the Company's Shares on the CSE was halted in connection with the news release on
None of the securities issued in connection with the Acquisition will be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), and none of them may be offered or sold in
Completion of the Acquisition is subject to a number of conditions, including CSE acceptance and Company shareholder approval. There can be no assurance that the Acquisition will be completed as proposed or at all.
Investors are cautioned that any information released or received with respect to the Acquisition may not be accurate or complete and should not be relied upon. Trading in the securities of Mansa should be considered highly speculative.
The CSE has not, in any way, passed upon the merits of the Acquisition and associated transactions and has not, in any way, approved or disapproved of the contents of this news release. The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Forward-Looking Statements
This news release contains forward-looking statements. All statements, other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements in this news release include statements regarding: the proposed terms and date of Closing of the Acquisition; the consideration payable in connection with the Closing, resale and escrow restrictions relating to the securities to be issued in connection with the Acquisition; the business of the Resulting Issuer, the re-qualification for listing of the Resulting Issuer on the CSE, the proposed corporate name of the Resulting Issuer and the anticipated changes to the Resulting Issuer Board and the management of the Resulting Issuer in connection with the Closing. The forward-looking statements reflect management's current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking statements.
Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be put on such statements due to their inherent uncertainty. Factors that could cause actual results or events to differ materially from current
SOURCE
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