Spearmint Resources Closes Private Placement
SPEARMINT RESOURCES INC.
1470 - 701 West Georgia St.
Vancouver BC V7Y 1C6
Spearmint Resources Closes Private Placement
Vancouver, British Columbia — (January 20, 2020) - Spearmint Resources Inc. (CSE: SPMT)
(OTC Pink: SPMTF) (FSE: A2AHL5) (the “ Company”) has closed its non -brokered private
placement consisting of 7,000,000 flow-through units (the “FT Units”) for gross proceeds of $84,000,
as well as 7,500,000 non flow-through units (the “NFT Units”) for gross proceeds of $90,000. Each FT
Unit consists of one flow-through common share (a “FT Share”) and one non flow-through transferrable
share purchase warrant (a “FT Warrant”). Each FT Warrant will entitle the holder to purchase one non
flow-through common share at a price of $0.05 until January 17, 2025. Each NFT Unit consists of one
common share (a “NFT Share”) and one transferrable share purchase warrant (a “NFT Warrant”). Each
NFT Warrant is exercisable to purchase an additional common share (a “NFT Warrant Share”) at a price
of $0.05 until January 17, 2025
All the securities issued in connection with this private placement have a hold period that expires on
May 18, 2020 . Pr oceeds will be used toward the Company’s general working capital and existing
projects.
The Company also announces that it has granted an aggregate of eleven million stock options to certain
directors, officers and consultants of the Company in accordance with the Company's stock option plan.
The options have an exercise price of five cents and are exercisable for a period of one year from the
date of grant.
If you would like to be added to Spearmint's news distribution list, please send your email address to
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Contact Information
Tel: 1-604-646-6903
www.spearmintresources.ca
"James Nelson"
President, CEO & Director
Spearmint Resources Inc.
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of the
content of this release.