Arbor Metals Announces Private Placement
NEWS RELEASE
ARBOR METALS ANNOUNCES PRIVATE PLACEMENT
Vancouver, Canada – October 28th, 2024 – Arbor Metals Corp. (“Arbor” or the “Company”) (TSXV:
ABR, FWB: 432) is pleased to announce that it intends to complete a non-brokered private
placement to raise gross proceeds of up to $4,000,000 (the “Offering”).
The Offering will consist of any combinaƟon of units of the Company (each, a n “NFT Unit”) at a
price of $0.35 per NFT Unit, and flow-through units of the Company (each, an “ FT Unit ”, and
collecƟvely with the NFT Units, the “Offered SecuriƟes”) at a price of $0.46 per FT Unit. Each NFT
Unit will consist of one common share of the Company (each a “ Unit Share”) and one common
share purchase warrant (each, a “ Warrant”). Each FT Unit will consist of one common share of
the Company to be issued as a “flow-through share” within the meaning of the Income Tax Act
(Canada) and one-half of one Warrant. Each whole Warrant shall enƟtle the holder to purchase
one common share of the Company (each, a “Warrant Share”) at a price of $0.60 at any Ɵme on
or before that date which is twelve months aŌer the closing date of the Offering.
The net proceeds raised from the Offering will be used for the further advancement of the Jarnet
Lithium Project and for working capital purposes. Proceeds from the sale of the FT Units will be
used to incur “Canadian exploraƟon expenses” as defined in subsecƟon 66.1(6) of the Income Tax
Act and “flow through mining expenditures” as defined in subsec Ɵon 127(9) of the Income Tax
Act. Such proceeds will be renounced to the purchasers of FT Units with an effec Ɵve date not
later than December 31, 2024, in the aggregate amount of not less than the total amount of gross
proceeds raised from the issue of the FT Units.
The Company will pay finders’ fees to eligible parƟes who have assisted in introducing subscribers
to the Offering. All securi Ɵes issued in connec Ɵon with the Offering will have a hold period of
four months and one day from the closing date. Comple Ɵon of the Offering remain s subject to
the approval of the TSX Venture Exchange.
This news release shall not cons Ɵtute an offer to sell or the solicita Ɵon of an offer to buy the
Offered SecuriƟes, nor shall there be any sale of the Offered SecuriƟes in any jurisdicƟon in which
such offer, solicitaƟon or sale would be unlawful prior to the registra Ɵon or qualifica Ɵon under
the securiƟes laws of any such jurisdic Ɵon. The Offered Securi Ɵes being offered will not be, and
have not been, registered under the United States Securi Ɵes Act of 1933, as amended, and may
not be offered or sold within the United States or to, or for the account or benefit of, a U.S. person.
About Arbor Metals Corp.
Arbor Metals Corp. is a mining explora Ɵon company focused on developing high -value,
geographically significant mineral projects worldwide. Arbor is paving the way for advanced
mineral exploraƟon as it oversees world -class mining projects. The Company is confident that
combining quality projects with proven strategies and a dedicated team will yield excep Ɵonal
outcomes.
For further informa Ɵon, contact Mark Ferguson, Chief Execu Ɵve Officer, at
[email protected], or 403.852.4869, or visit the Company’s website at
www.arbormetalscorp.com.
On behalf of the Board,
Arbor Metals Corp.
Mark Ferguson, Chief ExecuƟve Officer
Neither the TSX Venture Exchange nor its RegulaƟon Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
This news release may contain certain “Forward-Looking Statements” within the meaning of the
United States Private SecuriƟes LiƟgaƟon Reform Act of 1995 and applicable Canadian securiƟes
laws. When or if used in this news release, the words “anƟcipate”, “believe”, “esƟmate”, “expect”,
“target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions idenƟfy forward-
looking statements or informaƟon. These forward-looking statements or informaƟon may relate
to further exploraƟon of the Jarnet Lithium Project, the intended use of proceeds from the Offering
and other factors or informa Ɵon. Such statements represent the Company’s current views with
respect to future events and are necessarily based upon a number of assump Ɵons and esƟmates
that, while considered reasonable by the Company, are inherently subject to significant business,
economic, compeƟƟve, poliƟcal and social risks, con Ɵngencies and uncertain Ɵes. Many factors,
both known and unknown, could cause results, performance, or achievements to be materially
different from the results, performance or achievements that are or may be expressed or implied
by such forward-looking statements. The Company does not intend, and does not assume any
obligaƟon, to update these forwar d-looking statements or informa Ɵon to reflect changes in
assumpƟons or changes in circumstances or any other events affec Ɵng such statements and
informaƟon other than as required by applicable laws, rules and regulaƟons.