The Private Placement will consist of up to 7,222,222 units of the Company ('Units') at a price of
The terms of the Private Placement and the Units, the proposed use of proceeds, possible finders' fees, and some anticipated insider placees are otherwise as previously disclosed.
The Private Placement may close in multiple tranches and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals including the approval of the
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in
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Fax: +1 (604) 357-1313
CAUTIONARY STATEMENT AND FORWARD-LOOKING DISCLAIMER
This news release contains 'forward-looking statements' within the meaning of Canadian securities legislation. Such forward-looking statements concern, without limitation, the closing of the Private Placement and the intended use of proceeds of the Private Placement. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: conditions in general economic and financial markets; accuracy of assay results; reliability of the Company's mineral resource estimate; availability of mining equipment; availability of skilled labour; timing and amount of capital expenditures; performance of available laboratory and other related services; the impact of the COVID-19 pandemic on operations; availability of funds and future operating costs. The actual results could differ materially from those anticipated in these forward-looking statements as a result of the risk factors including: the timing and content of work programs; the ultimate impact of the COVID-19 pandemic on operations and results, results of exploration activities and development of mineral properties; the interpretation of drilling results and other geological data; the uncertainties of resource estimations; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project costs overruns or unanticipated costs and expenses; delays in release of an updated mineral resource; availability of funds and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.
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