NOT FOR DISTRIBUTION TO US NEWS WIRE SERVICES OR FOR DISSEMINATON INTO THE USA
VANCOUVER, British Columbia., Dec. 02, 2021 (GLOBE NEWSWIRE) —( ) (the “Company”) wishes to announce a proposed equity financing (the “Financing”) of up to a maximum of 15,000,000 shares comprised of up to 15,000,000 flow-through common shares (the “FT Shares”) or up to 15,000,000 units (each a “Unit”). Both the FT Shares and Units will be offered at a price of $0.10 for a maximum aggregate proceeds of $1,500,000, and a combined total of a maximum 15,000,000 shares issued. Each Unit will consist of one common share of the Company (a “Share”) and one-half of one common share purchase warrant. Each whole warrant (a “Warrant”) will entitle the holder to purchase one additional Share at an exercise price of $0.15 per common share for a period of 24 months. Subject to compliance with applicable securities laws and the approval of the Exchange, finders’ fees may be payable to eligible arm’s length persons with respect to certain subscriptions accepted by the Company.
The net proceeds from the Offering will be used by the Company to fund a winter exploration program at the Company’s 3Ts Property located in central British Columbia, expected to commence in February 2022, and may also be used for general and administrative purposes.
Closing of the Offering is subject to receipt of applicable regulatory approvals including the approval of the TSX Venture Exchange. The securities issued will be subject to a four month hold period.
ON BEHALF OF THE BOARD OF
Randy Turner, President and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
All statements in this press release, other than statements of historical fact, are “forward-looking information” with respect to Independence within the meaning of applicable securities laws, including statements with respect to the Company’s planned drilling and exploration activities. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to those identified and reported in Independence’s public filings under www.sedar.com. Although Independence 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. 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. Independence 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.’s SEDAR profile at
UNITED STATES ADVISORY. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), have been offered and sold outside the United States to eligible investors pursuant to Regulation S promulgated under the U.S. Securities Act, and may not be offered, sold, or resold in the United States or to, or for the account of or benefit of, a U.S. Person (as such term is defined in Regulation S under the United States Securities Act) unless the securities are registered under the U.S. Securities Act, or an exemption from the registration requirements of the U.S. Securities Act is available. Hedging transactions involving the securities must not be conducted unless in accordance with the U.S. Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in the state in the United States in which such offer, solicitation or sale would be unlawful.
E-Mail: [email protected]
ARCTIC STAR: ZEROING-IN ON CANADA’S NEXT DIAMOND MINE?
Fortuna Silver Mines Inc. (FSM) Reached A New High 1 time During The Past Five Days
As of Wednesday close, Fortuna Silver Mines Inc.’s (NYSE:FSM) stock was down -$0.02, moving down -0.68 percent to $2.90. The average number of shares…
AGNICO EAGLE REPORTS FIRST QUARTER 2022 RESULTS – STRONG OPERATIONAL PERFORMANCE; INTEGRATION AHEAD OF SCHEDULE AND CORPORATE MERGER SYNERGIES BETTER THAN EXPECTED; GOOD PROGRESS AT KEY EXPLORATION AND DEVELOPMENT PROJECTS
Class 1 Nickel and Technologies Ltd. Announces Director Resignation
ARCTIC STAR: ZEROING-IN ON CANADA’S NEXT DIAMOND MINE?
Highland Copper Reports Third Quarter 2022 Results
PureGold Closes First Tranche of Previously Announced Non-Brokered Private Placement
Four holes drilled at the newly discovered Grata prospect in Ivory Coast returned thick intersections of nickel-copper-palladium mineralization including holes GR-08 and GR-11 with 298 meters and 212 meters respectively
Cerro de Pasco Resources Prepares Landmark SONIC DRILLING CAMPAIGN on Quiulacocha Tailings
Energy Fuels Announces Election of Directors
Laramide Resources Commences 2022 Drilling Program at Westmoreland Uranium Project, Queensland, Australia
Kraken Energy Enters into Definitive Agreement to Acquire Major Land Package Surrounding the Apex Uranium Project; Appoints Former NexGen Energy Ltd. Key Personnel, Garrett Ainsworth as Chairman of the Board of Directors and Galen McNamara to the Technical Advisory Committee
Clean Air Metals Reports Drill Results and Corporate Update including Project Payment and Prefeasibility Kickoff around Metallurgical Optimization
Financing News12 hours ago
Chesapeake Gold Announces AGM Results
Financing News16 hours ago
Northern Dynasty: Pebble Partnership Reacts to U.S. Environmental Protection Agency’s Announcement to Pursue Political Preemptive Veto Again
Financing News10 hours ago
CSE Bulletin: Fundamental Change – Evolving Gold Corp./Future Fuel Corporation
Energy & Critical Metals21 hours ago
Increased Nuclear Energy Generation Capacity Globally is Benefiting the Value of Uranium
Financing News3 hours ago
B2Gold Corp. to Acquire Oklo Resources Limited and its Extensive Land Package near the Fekola Mine
Financing News22 hours ago
Arizona Silver Extends High Grade Zone at Philadelphia Project – Drills 2.26 Metres at 11.81 GPT Gold and 39.31 GPT Silver Within 31.01m at 2.38 GPT Gold, 10.58 GPT Silver
Drilling News22 hours ago
U.S. Gold Corp. Appoints Co-Founder and Mining Industry Veteran Luke Norman as Chairman of the Board
Energy & Critical Metals16 hours ago
Why is Lithium Americas Corp. (LAC) up 82.98% from the Start of 2022?