The proceeds of the private placement will be used for general workin g capital and to
TYMBAL RESOURCES LTD.
Suite 600-850 West Hastings Street Vancouver, British Columbia V6C 1E1
Tel: (604) 662-8130 Email: [email protected]
NEWS RELEASE
February 22, 2022
VANCOUVER, BRITISH COLUMBIA, February 22, 2022 – Tymbal Resources Ltd. (TSXV – TYMB) (“Tymbal” or the Company). In connection with the Company’s news release dated December 22, 2021, the Company is pleased to announce the completion of the non-brokered private placement of 3 million units of the Company at a price of one cent per unit, for gross proceeds of $30,000.00. Each unit consists of one common share and one transferable share purchase warrant. Each warrant entitles the holder to acquire one additional share at a price of 5 cents per share for a period of five years expiring on February 21, 2027. The hold period for the units expires on June 23, 2022. No finder’s fee will be payable in accordance with the rules set out by the TSX Ventures Exchange. The proceeds of the private placement will be used for general working capital and to advance the Company’s interest in the Iron Mask Mineral Claims which abut the KGHM Ajax project.
The forgoing transaction has been approved by the TSX Venture Exchange.
Tymbal Resources Ltd.
Per: “Sammy Cheng”
Sammy Cheng Director (604) 662-8130
Not for distribution to the United States newswire services or for dissemination in the United States.
This press 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 “U.S. Securities Act”) or any states securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
“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."