DeepRock Minerals Announces Closing of Non-Brokered Offering
Page 1 of 1 | DeepRock Minerals Inc. | #1518 – 800 West Pender St., Vancouver, BC V6C 2V6 | 778-322-2257
DeepRock Minerals Announces Closing of Non-Brokered Offering
January 19th, 2023 - Vancouver, British Columbia - DeepRock Minerals Inc. (“DeepRock” or the “Company”) (CSE
Symbol: “DEEP”), is pleased to report that further to its news release dated April 6, 2022, it has closed the non-
brokered Offering financing issuing an aggregate total of 13,210,000 Units (each, a “ Unit”) at a price of $0. 05 per
Unit for total gross proceeds of $660,500.00 (the “Offering”).
Each Unit consisted of one (1) common share in the capital of the Company (the “ Common Shares”) and one
transferrable common share purchase warrant (each, a “Warrant”).
Each Warrant entitles the holder thereof to purchase one share (each, a “ Warrant Share”) at a price of $0. 06 per
Warrant Share until 5.00 p.m. (Vancouver time) on or before January 19, 2025.
Proceeds from the Offering will be used by the Company primarily for working capital and to fund the exploration
and development of the Company’s projects in New Brunswick and Romania.
As a subscriber to the Offering, Andrew Lee, a director and officer of the Company, acquired directly, 1,000,000 Units.
As a subscriber to the Offering, Keith Margetson , a n officer of the Company , acquired directly, 600,000 Units.
Participation of insiders of the Company in the Offering will constitute a r elated party transaction as defined under
Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The
Company intends to rely on the exemption from the formal valuation requirements of Section 5.4 of MI 61 -101
pursuant to Subsection 5.5(a) of MI 61 -101 and the exemption from the minority approval requirements of Section
5.6 of MI 61-101 pursuant to Subsection 5.7(1)(a) of MI 61-101.
The securities issued pursuant to the Offering are subject to a statutory hold period of four (4) months plus one (1)
day that expire on May 20, 2023 respectively.
In consideration of the introduction to the Company of investors in the Offering, a total of $ 24,000 finder's fee was
paid in cash in accordance with applicable securities laws and CSE policies.
ON BEHALF OF THE BOARD OF DIRECTORS
Andrew Lee
Chief Executive Officer, Director
778-302-2257
Cautionary Note Regarding Forward-Looking Statements:
Neither the Canadian Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or
accuracy of this release. This news release contains "forward-looking information" including statements with respect
to the future exploration performance of the Company. This forward -looking information involves known and
unknown risks, uncertainties and other factors which may ca use the actual results, performance or achievements of
the Company to be materially different from any future results, performance or achievements of the Company,
expressed or implied by such forward -looking statements. These risks, as well as others, are disclosed within the
Company's filing on SEDAR, which investors are encouraged to review prior to any transaction involving the
securities of the Company. Forward -looking information contained herein is provided as of the date of this news
release and the Company disclaims any obligation, other than as required by law, to update any forward -looking
information for any reason. There can be no assurance that forward -looking information will prove to be accurate
and the reader is cautioned not to place undue reliance on such forward-looking information.