Arbor Metals Provides Update ON Private Placements
NEWS RELEASE
ARBOR METALS PROVIDES UPDATE ON PRIVATE PLACEMENTS
Vancouver, Canada – October 26, 2023 – Arbor Metals Corp. (“Arbor” or the “Company”) (TSXV: ABR,
FWB: 432) announces that it has closed its previous announced (October 4, 2023) ongoing non-brokered
private under the Listed Issuer Financing Exemption (as defined below), pursuant to which the Company
offered units (each, a “Unit”) at a price of $1.25 per Unit. Each Unit consisted of one common share of
the Company (a “Share”) and one-half of one Share purchase warrant (each whole warrant, a “Warrant”).
Each Warrant entitled the holder to purchase one additional Share at a price of $2.00 at any time on or
before the date which is twelve months following issuance (the “$1.50 Unit Offering ”). Further to the
Company’s news releases on October 13 and 20, 2023, the Company issued a total of 1,870,000 Units for
gross proceeds of $2,805,000 under the $1.50 Unit Offering.
Following closing of the $1.50 Unit Offering, the Company has elected to proceed with additional
concurrent non-brokered private placements (as announced on October 24, 2023):
A further Unit offering (the “$1.25 Unit Offering”) under the Listed Issuer Financing Exemption,
pursuant to which the Company will offer up to 1,756,000 Units at a price of $1.25 per Unit for
gross proceeds of up to $2,195,000. Each Unit will continue to consist of one Share and one-half
of one Warrant. Each Warrant will entitle the holder to purchase one additional Share at a price
of $2.00 at any time on or before the date which is twelve months following issuance.
A flow-through Share offering (the “FT Offering”), pursuant to which the Company will offer up
to 789,474 flow-through Shares (each, an “FT Share”) at a price of $1.90 per FT Share for gross
proceeds of up to $1,500,000. Proceeds from the sale of FT Shares will be used to incur “Canadian
exploration expenses” as defined in subsection 66.1(6) of the Income Tax Act which will qualify as
“flow-through critical mineral mining expenditures” as defined in the Income Tax Act.
The Units under the $1.25 Unit Offering will be issued and sold pursuant to the Listed Issuer Financing
Exemption (as defined below) under Part 5A of National Instrument 45-106 – Prospectus Exemptions (the
“Listed Issuer Financing Exemption ”). An amended and restated offering document under the Listed
Issuer Financing Exemption dated October 24, 2023 (the “Offering Document”) is available electronically
on SEDAR+ ( www.sedarplus.ca) under the Company’s issuer profile and the Company’s website at
(www.arbormetalscorp.com). Prospective investors should read the Offering Document before making
an investment decision.
The Units issued pursuant to the Listed Issuer Financing Exemption will not be subject to resale restrictions
in Canada in accordance with applicable Canadian securities laws and the policies of the TSX Venture
Exchange (the “Exchange”). The FT Shares issued pursuant to the FT Offering will be subject to resale
restrictions for a period of four-months-and-one-day from the date of issuance. The Company may pay
finders’ fees to eligible parties who have assisted in introducing subscribers to the offerings. Completion
of further tranches of the $1.25 Unit Offering and FT Offering remains subject to the approval of the
Exchange.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and
may not be offered or sold in the United States absent registration or an applicable exemption from the
registration requirements. This news release shall not constitute an offer to sell or the solicitation of an
offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale
would be unlawful.
About Arbor Metals Corp.
Arbor Metals Corp. is a mining exploration company focused on developing high-value, geographically
significant mineral projects worldwide. Arbor is paving the way for advanced mineral exploration as it
oversees world-class mining projects. The Company is confident that combining quality projects with
proven strategies and a dedicated team will yield exceptional outcomes. Arbor currently oversees three
outstanding mineral projects.
The Jarnet lithium project, located in the James Bay region of Quebec, comprises 47 map-designated claims,
covering an area of approximately 3,759 hectares. The Jarnet project is contiguous to the Corvette-FCI
property, where diamond drilling has confirmed significant lithium mineralization, representing one of the
highest-profile lithium exploration projects in the sector.
For further information, contact Mark Ferguson, Chief Executive Officer, at [email protected],
1-888-204-5681, or visit the Company’s website at www.arbormetalscorp.com.
On behalf of the Board,
Arbor Metals Corp.
Mark Ferguson, Chief Executive Officer
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.
This news release may contain certain “Forward-Looking Statements” within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or
if used in this news release, the words “anticipate,” “believe,” “estimate,” “expect,” “target, “plan,”
“forecast,” “may,” “schedule,” and similar words or expressions identify forward-looking statements or
information. These forward-looking statements or information may relate to planned project
development, exploration programs, the anticipated use of proceeds from the $1.25 Unit Offering and the
FT Offering and other factors or information. Such statements represent the Company’s current views with
respect to future events and are necessarily based upon a number of assumptions and estimates that,
while considered reasonable by the Company, are inherently subject to significant business, economic,
competitive, political and social risks, contingencies and uncertainties. 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 obligation, to update these forward-
looking statements or information to reflect changes in assumptions or changes in circumstances or any
other events affecting such statements and information other than as required by applicable laws, rules
and regulations.