/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION
TO U.S. WIRE SERVICES/
VANCOUVER, BC, June 21, 2021 /CNW/ - Norden Crown Metals Corp.
("Norden Crown" or the
"Company") (TSXV: NOCR) (OTC:NOCRF) (Frankfurt: 03E) is pleased to announce that it
has received approval from the TSX Venture Exchange (the
"TSXV") to complete the consolidation of the issued and
outstanding common shares of the Company on the basis of three
existing common shares for one new consolidated common share (the
"Consolidation"), and the Company has closed into escrow its
previously announced non-brokered private placement (the
"Private Placement").
Consolidation
Further to its news release of April 22,
2021, the Company has received TSXV approval to complete the
Consolidation. The Consolidation will be effective at market open
on June 23, 2021 (the "Effective
Date"). The Company will not change its name as part of the
Consolidation but will issue new share certificates under a new
CUSIP number.
The Company's common shares will continue to trade on the TSXV
under its current symbol, "NOCR".
Private Placement
The Company has also closed the Private Placement into escrow,
with the securities to be issued under the Private Placement to be
issued on a post-Consolidation basis on the Effective Date.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the
securities in the United
States. The securities have not been and will not be
registered under the United States Securities Act of
1933 as amended (the "1933 Act"), or any state securities
laws and may not be offered or sold within
the United States or to, or for
the account or benefit of U.S. persons (as defined
in Regulation S under the 1933 Act) absent such registration or an
applicable exemption from such registration
requirements.
About Norden Crown Metals Corp.
Norden Crown is a mineral
exploration company focused on the discovery of silver, zinc,
copper, and gold deposits in exceptional, historical mining project
areas spanning Sweden and
Norway. The Company aims to
discover new economic mineral deposits in known mining districts
that have seen little or no modern exploration techniques. The
Company is led by an experienced management team and an
accomplished technical team, with successful track records in
mineral discovery, mining development and financing.
On behalf of Norden Crown Metals
Corp.
Patricio Varas, Chairman and
CEO
Neither 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 release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain statements that may be deemed
"forward–looking statements". Forward–looking statements are
statements that are not historical facts and are generally, but not
always, identified by the words "expects", "plans", "anticipates",
"believes", "intends", "estimates", "projects", "potential" and
similar expressions, or that events or conditions "will", "would",
"may", "could" or "should" occur. Forward-looking statements may
include, without limitation, statements relating to completion of
the Private Placement on the terms described herein or at all, the
use of proceeds of the Private Placement, the planned exploration
activities on the Fredriksson Gruva project, and the completion of
the Consolidation on the terms described herein or at
all. Although Norden Crown believes the expectations
expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of
future performance, are subject to risks and uncertainties, and
actual results or realities may differ materially from those in the
forward–looking statements. Such material risks and
uncertainties include, but are not limited to: the risk that the
Company cannot complete the Private Placement or the Consolidation
on the terms described herein, on the timing described herein or at
all, the proceeds of the Private Placement being used differently
than as described herein, risks related to difficulties in
executing exploration programs at the Fredriksson Gruva property on
the Company's proposed schedules and within its cost and scheduling
estimates, whether due to weather conditions, complications arising
from the COVID-19 pandemic or the actions of the provincial or
federal governments in response thereto, availability or
interruption of power supply, mechanical equipment performance
problems, natural disasters or pandemics in the areas where it
operates, the integration of acquisition; risks related to current
global financial conditions including market reaction to the
coronavirus outbreak; competition within the industry; actual
results of current exploration activities; environmental risks;
changes in project parameters as plans continue to be refined;
future price of gold; failure of equipment or processes to operate
as anticipated; accidents, and other risks of the mining industry;
delays in obtaining approvals or financing; risks related to
indebtedness and the service of such indebtedness, as well as those
factors, risks and uncertainties identified and reported in the
Company's public filings under Norden
Crown's SEDAR profile at www.sedar.com. Although
Norden Crown has attempted to identify important factors that could
cause actual actions, events or results to differ materially from
those described in forward-looking information, there may be other
factors that cause actions, events or results not to be as
anticipated, estimated or intended. Accordingly, readers should not
place undue reliance on forward-looking statements. There can be no
assurance that such information will prove to be accurate as actual
results and future events could differ materially from those
anticipated in such statements. Forward-looking statements are made
as of the date hereof and, accordingly, are subject to change after
such date. Norden Crown disclaims
any intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise unless required by law.
SOURCE Norden Crown Metals Corp.