BeMetals Corp. (TSXV: BMET, OTCQB: BMTLF, Frankfurt:
1OI.F) (the “Company” or “BeMetals”) is pleased to
announce that it has closed its previously announced private
placement offering by issuing a total of 18.75 million common
shares (the “Shares”) at a price of $0.40 per Share (the “Offering
Price”) for aggregate gross proceeds of C$7,500,000 (the
“Offering”).
Haywood Securities Inc. acted as lead agent on
behalf of a syndicate of agents that included Canaccord Genuity
Corp. and Raymond James Ltd. (the “Agents”).
BeMetals President and CEO, John Wilton
commented, “We were very pleased by the level of interest for this
brokered private placement which remained significantly
over-subscribed even after its upsizing. The magnitude of interest
and support in this and previous financings continues to
demonstrate the quality of the Company’s current projects, prudent
deployment of funding, and future growth strategy.
The proceeds from this financing will allow for
our continued evaluation of potential precious metal project
acquisition opportunities in line with the Company’s growth
strategy. This strategy will utilize the Company’s strong
international mineral business network and experience from its
Directors, management and advisors. Also the Company will commence
underground drilling at its advanced high-grade
zinc-silver-gold-copper South Mountain Project in Idaho.
Additionally, a third phase of shallow aircore drilling at our,
tier-one targeted, Pangeni Copper Exploration Project in areas of
extensions to the prolific Zambian Copperbelt will commence.”
The common shares issued under the Offering will
be subject to a statutory hold period expiring on December 14,
2020.
In connection with the Offering, the Company has
paid to the Agents a cash commission of $433,500. In
addition, the Company issued to the Agents an aggregate of
1,083,750 non-transferrable warrants of the Company, exercisable
for a period of 24 months following the closing of the Offering at
an exercise price of to C$0.40. The securities issued to the
Agents are subject to a hold period expiring December 14, 2020.
The Company plans to use the net proceeds from
the Offering to continue review of potential gold project
acquisitions, for the exploration and advancement of the Company’s
projects in Idaho and Zambia, and for general corporate
purposes.
The securities offered pursuant to the Offering
have not been, and will not be, registered under the U.S.
Securities Act of 1933, as amended (the "U.S. Securities Act") or
any U.S. state securities laws, and may not be offered or sold in
the United States or to, or for the account or benefit of, United
States persons absent registration or any applicable exemption from
the registration requirements of the U.S. Securities Act and
applicable U.S. state securities laws. This news release shall not
constitute an offer to sell or the solicitation of an offer to buy
securities in the United States, nor shall there be any sale of
these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
About BeMetals Corp.
BeMetals is a new precious and base metals
exploration and development company focused on becoming a leading
diversified metal producer through the acquisition of quality
exploration, development and potentially production stage projects.
In addition, the Company is progressing both its advanced
high-grade, zinc-silver-gold-copper polymetallic underground
exploration at the South Mountain Project in Idaho, and its
tier-one targeted, Pangeni Copper Exploration Project in Zambia.
BeMetals’ growth strategy is led by our strong board and
management, founders of the Company and significant shareholders,
who have an extensive proven record of delivering considerable
value in the mining sector through the discovery, construction and
operation of mines around the world.
On Behalf of BeMetals Corp.
“John Wilton”John WiltonPresident, CEO and
Director
For further information about BeMetals please
visit our website at www.bemetalscorp.com and sign-up to our email
list to receive timely updates, or contact:
Derek IwanakaVice President, Investor Relations
& Corporate DevelopmentTelephone: 604-609-6141Email:
diwanaka@bemetalscorp.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news release
Cautionary Note Regarding
Forward-Looking Information
Certain statements and information herein,
including all statements that are not historical facts, contain
forward-looking statements and forward-looking information within
the meaning of applicable securities laws. Such forward-looking
statements or information include but are not limited to statements
or information with respect to: the size of the Offering, the
anticipated Closing Date and the receipt of regulatory approvals
for the Offering. Often, but not always, forward-looking statements
or information can be identified by the use of words such as “will”
or variations of that word and phrases or statements that certain
actions, events or results “will”, “could” or are “intended to” be
taken, occur or be achieved.
With respect to forward-looking statements and
information contained herein, the Company has made numerous
assumptions including among other things, assumptions about general
business and economic conditions, the prices of commodities, and
anticipated costs and expenditures. The foregoing list of
assumptions is not exhaustive.
Although management of the Company believes that
the assumptions made and the expectations represented by such
statements or information are reasonable, there can be no assurance
that a forward-looking statement or information herein will prove
to be accurate. Forward-looking statements and information by
their nature are based on assumptions and involve known and unknown
risks, uncertainties and other factors which may cause the
Company’s actual results, performance or achievements, or industry
results, to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements or information. These factors include,
but are not limited to: risks associated with the business of the
Company; business and economic conditions in the mining industry
generally; the supply and demand for labour and other project
inputs; changes in commodity prices; changes in interest and
currency exchange rates; risks relating to inaccurate geological
and engineering assumptions (including with respect to the tonnage,
grade and recoverability of reserves and resources); risks relating
to unanticipated operational difficulties (including failure of
equipment or processes to operate in accordance with specifications
or expectations, cost escalation, unavailability of materials and
equipment, government action or delays in the receipt of government
approvals, industrial disturbances or other job action, and
unanticipated events related to health, safety and environmental
matters); risks relating to adverse weather conditions; political
risk and social unrest; changes in general economic conditions or
conditions in the financial markets; and other risk factors as
detailed from time to time in the Company’s continuous disclosure
documents filed with Canadian securities administrators. The
Company does not undertake to update any forward-looking
information, except in accordance with applicable securities
laws.
BeMetals (TSXV:BMET)
과거 데이터 주식 차트
부터 11월(11) 2024 으로 12월(12) 2024
BeMetals (TSXV:BMET)
과거 데이터 주식 차트
부터 12월(12) 2023 으로 12월(12) 2024