Vancouver, British Columbia, Kanada, 23. April 2019, Metallic Minerals Corp. (TSX: MMG / Frankfurt: 9MM1) announces a non-brokered private placement of $2,750,000 through the issuance of 12.5 million flow-through units (the “Units”) at a price of $0.22 per Unit (the “Private Placement”). Each Unit consists of one common share and one-half of one common share purchase warrant (the “Warrants”). Each whole Warrant entitles the holder to acquire one common share at an exercise price of $0.25 for a period of 24 months following the closing date of the Private Placement.
Greg Johnson, Chairman and CEO stated, “We are very pleased to have the support of one of our industry’s most prominent and renowned investors in Mr. Eric Sprott. This strategic investment in Metallic Minerals highlights the potential of our flagship Keno silver project in the high-grade Keno Hill silver district of Canada’s Yukon Territory. With these funds we are well positioned to continue our exciting work at Keno as well as our recently acquired La Plata silver-gold-copper project, both of which we believe have excellent potential to be quickly advanced to resource stage.”
Upon completion of the financing Eric Sprott will hold a 13% interest in the Company on a non-diluted basis and 19% on a partially diluted basis.
The net proceeds of the Offering will be used primarily for further exploration of the Keno silver project in Canada’s Yukon Territory.
The Company has agreed to pay a finder’s fee to Mackie Research Capital equal to 4% of the gross proceeds received from the purchasers in cash or units.
The Private Placement is subject to final TSX-V approval and the Units are subject to a hold period of four months and one day from their date of issuance, under applicable Canadian securities law.
The Units have not been, and will not be, registered under 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, U.S. persons, absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.
About Metallic Minerals
Metallic Minerals Corp. is a growth stage exploration company, focused on the acquisition and development of high-grade silver and gold in under-explored districts of mining-friendly jurisdictions proven to produce top-tier assets. Our objective is to create value through a systematic, entrepreneurial approach to exploration in the Keno Hill silver district, La Plata silver-gold-copper district, and Klondike gold district. The Keno silver project is located in the historic Keno Hill silver district of Canada's Yukon Territory, with over 300 million ounces of high-grade silver in past production and current M&I resources, the La Plata silver-gold-copper project in southwestern Colorado hosts a large-scale precious-metals-rich porphyry system and associated high-grade silver-gold epithermal deposits, and the Company is also building a gold production royalty business in the Klondike gold district. All three districts have existing infrastructure, including grid power, highway and road access. Metallic Minerals is led by a team with a track record of discovery and exploration success as well as, having large scale development, permitting and project financing expertise.
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Metallic Minerals Corp.
Suite 904 - 409 Granville Street
Vancouver, BC V6C 1T2
Tel. +1-604-629 7800
Im deutschsprachigen Raum:
73728 Esslingen am Neckar
Tel. +49-711-82 09 72 11
Fax +49-711-82 09 72 15
Quelle: Metallic Minerals