Insiders may participate in the NFT Offering.
Each NFT Unit will consist of one common share of the Company (each, an 'NFT Share') and one non-transferable common share purchase warrant (each, an 'NFT Warrant'), with each NFT Warrant entitling the holder to purchase one NFT Share for a period of three years following the closing of the Offering (the 'Closing') at an exercise price of
Each FT Share will be issued on a 'flow-through' basis pursuant to the Income Tax Act (
Finders' fees may be payable in connection with the Offering in accordance with the policies of the
All securities issued in connection with the Offering will be subject to a statutory hold period expiring four months and one day after closing of the Offering. Completion of the Offering is subject to the approval of the Exchange.
The aggregate gross proceeds from the sale of the NFT Offering will be used for general working capital.
The aggregate gross proceeds from the sale of the FT Offering will be used for exploration and development of the Company's Niobium Claim Group Property and the Covette Property, both located in in
None of the securities sold in connection with the Offering will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in
About
The Company's principal asset is the Niobium Claim Group Property, currently under Earn-In Agreement from
Contact:
Tel: 604.681.1568
Cautionary Statement Regarding Forward-Looking Statements
This news release contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this press release but are not limited to, statements with respect to the expectations of management regarding the proposed Offering, the expectations of management regarding the use of proceeds of the Offering, closing conditions for the Offering, and Exchange approval of the proposed Offering. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include the Company may not complete the Offering on terms favorable to the Company or at all; the Exchange may not approve the Offering; the proceeds of the Offering may not be used as stated in this news release; the funds raised from the sale of the FT Shares may not be renounced in favour of the FT Share holders; the Company may be unable to satisfy all of the conditions to the Closing. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
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