The second and final tranche raised an additional
Each Non-flow through unit consists of one common share and one-half of one non-transferable share purchase warrant with each full warrant exercisable at
Each Flow-through unit consists of one flow-through common share and one-half of one non-flow-through non-transferable share purchase warrant with each full warrant exercisable at
The flow-through shares will qualify as "flow-through shares" for the purpose of the Income Tax Act (
The proceeds from the non-flow-through units will be used for both exploration and general corporate purposes.
The Financing is subject to regulatory approval and all shares and warrants issued on closing are subject to a trading hold period expiring four months plus one day from the date of issuance. No finders' fees or finders' warrants were paid or issued in connection with the Financing.
Insiders participated for
Metallis trades under the symbols MTS on the
On behalf of the Board of Directors:
/s/ "Fiore Aliperti"
Chief Executive Officer, President and Director
This Press Release may contain statements which constitute 'forward-looking' statements, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities and operating performance of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements because of various factors. Such risks, uncertainties and factors are described in the periodic filings with the Canadian securities' regulatory authorities, including quarterly and annual Management's Discussion and Analysis, which may be viewed on SEDAR at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, or expected.
Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as intended, planned, anticipated, believed, estimated, or expected. The Company does not intend, and does not assume any obligation, to update these forward-looking statements.
Neither
SOURCE
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