Due to significant demand, the Offering was upsized from the original gross proceeds of
Each Unit is comprised of one common share of the Company (each, a 'Share') and one half of one common share purchase warrant (each whole warrant, a 'Warrant'). Each Warrant is exercisable to acquire one Share at a price of
The Units were offered by way of a short form prospectus filed in the Provinces of
In connection with the Offering, the Company paid the Underwriter a cash commission of
The Offering included an investment from
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in
The statements made by
Contact:
Tel: (778) 330 0994
Email: pannu@minaurum.com
Cautionary Note Regarding Forward Looking Information
This news release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation. Generally, but not always, forward-looking information and statements can be identified by the use of words such as 'plans', 'expects', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates', or 'believes' or the negative connotation thereof 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' or the negative connotation thereof. In particular, this news release contains forward-looking information pertaining to the following: the use of proceeds from the Offering, and the ability to obtain the necessary regulatory authority and approvals in connection with the Offering.
In making the forward-looking information in this release, Minaurum has applied certain factors and assumptions that are based on Minaurum's current beliefs as well as assumptions made by and information currently available to Minaurum. Although Minaurum considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking information in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking information. Such factors include, among others: the inability to obtain the necessary regulatory approvals from the applicable securities regulators or obtain the approval of the TSXV in connection with the Offering; the inability of the Company to apply the use of proceeds from the Offering as anticipated; the ability of the Company to achieve its corporate objectives or otherwise advance the progress of Minaurum; risks related to the international operations; the timing and content of work programs; results of exploration activities of mineral properties; the interpretation of drilling results and other geological data; the Company's inability to obtain any necessary permits, consents or authorizations required for its activities; an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains; general market and industry conditions and those risks set out in the Company's public documents filed on SEDAR.
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