A total of 13,208,000 common shares of the Company (the 'Offered Shares') were sold under the Offering (as defined below) at a price of
The Offering was completed by way of a prospectus supplement (the 'Prospectus Supplement') dated
The Company intends to use the net proceeds of the Offering to advance exploration and development at the Company's
No securities regulatory authority has either approved or disapproved of the contents of this news release.
The Offered Shares issued pursuant to the Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the '
ABOUT NEW PACIFIC
New Pacific is a Canadian exploration and development company with precious metal projects in
Contact:
Tel: (604) 633-1368
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
Certain of the statements and information in this news release constitute 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995 and 'forward- looking information' within the meaning of applicable Canadian securities laws. Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as 'expects', 'is expected', 'anticipates', 'believes', 'plans', 'projects', 'estimates', 'assumes', 'intends', 'strategies', 'targets', 'goals', 'forecasts', 'objectives', 'budgets', 'schedules', 'potential' or variations thereof or stating that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements or information. Such statements include, but are not limited to, statements regarding the expected use of net proceeds of the Offering.
Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks relating to the Company's ability to use the net proceeds of the Offering in the manner intended and other factors described under the heading 'Risk Factors' in the Company's annual information form for the year ended
The forward-looking statements are necessarily based on a number of estimates, assumptions, beliefs, expectations and opinions of management as of the date of this news release that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates, assumptions, beliefs, expectations and opinions include, but are not limited to the expectation that the Company will be able to use the net proceeds of the Offering in the manner intended and other factors described under the heading 'Risk Factors' in the AIF, the MD&A and the Company's other public filings. This list is not exhaustive of the estimates, assumptions, beliefs, expectations and opinions underlying the Company's forward-looking statements or information.
Although the forward-looking statements contained in this news release are based upon what management believes are reasonable assumptions, there can be no assurance that actual results will be consistent with these forward-looking statements. All forward-looking statements in this news release are qualified by these cautionary statements. Accordingly, readers should not place undue reliance on such statements. Other than specifically required by applicable laws, the Company is under no obligation and expressly disclaims any such obligation to update or alter the forward-looking statements whether as a result of new information, future events or otherwise except as may be required by law. These forward-looking statements are made as of the date of this news release.
CAUTIONARY NOTE TO US INVESTORS
This news release has been prepared in accordance with the requirements of the securities laws in effect in
Accordingly, information contained in this news release containing descriptions of the Company's mineral deposits may not be comparable to similar information made public by
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