All securities issued pursuant to the Debt Settlement will be subject to a statutory hold period of four months from the date of issuance.
'Almost sixty percent of the shares issued were issued to Prospeccion y
Prismo also announced that it has completed its previously announced non-brokered private placement (the 'Private Placement') for one subscription of 754,411 units of the Company ('Units') at a price of
None of the foregoing securities have been and will not be registered under the United States Securities Act of 1933, as amended (the '1933 Act') or any applicable state securities laws and may not be offered or sold in
Multilateral Instrument 61-101
Pursuant to the Debt Settlement, the Company has issued an aggregate of 788,235 Common Shares in connection to ProDeMin, a company controlled by the President and CEO of Prismo, Dr.
About Prismo
Prismo (CSE: PRIZ) is mining exploration company focused on two precious metal projects in
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Contact:
President & Chief Executive Officer
Email: craig.gibson@prismometals.com
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information (collectively, 'forward-looking statements') within the meaning of applicable Canadian securities legislation. All statements other than statements of historical fact, including without limitation, statements regarding the anticipated content, commencement and exploration program results, the ability to complete future financings, required permitting, exploration programs and drilling, and the anticipated business plans and timing of future activities of the Company. Forward-Looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct.
The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, the state of the financial markets for the Company's equity securities, the state of the commodity markets generally, variations in the nature, the analytical results from surface trenching and sampling program, including diamond drilling programs, the results of IP surveying, the results of soil and till sampling program. the quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the inability of the Company to obtain any necessary permits, consents or authorizations required, including CSE acceptance, for its planned activities, the inability of the Company to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, the potential impact of COVID-19 (coronavirus) on the Company's exploration program and on the Company's general business, operations and financial condition and other risks and uncertainties. All of the Company's Canadian public disclosure filings may be accessed via www.sedarplus.ca and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.
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