Inflection Resources Announces Private Placement of Up to $1.5 Million with Lead Order from Crescat
Suite 1210 – 1130 West Pender Street
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Inflection Resources Announces Private Placement of Up to
$1.5 Million with Lead Order from Crescat
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE
A VIOLATION OF U.S. SECURITIES LAWS.
Vancouver, British Columbia, July 21, 2022: Inflection Resources Ltd. (CSE: AUCU / OTCQB:
AUCUF / FSE: 5VJ) (the "Company" or "Inflection") is pleased to announce a non-brokered
private placement to raise gross proceeds of up to $1,500,000 (the "Offering") through the sale of
up to 15,000,000 units (the "Units") priced at $0.10 per Unit. Each Unit consists of one common
share and one share purchase warrant, with each warrant exercisable into one further common
share at a price of $0.15 for a term of two years.
Crescat Portfolio Management LLC ("Crescat") has agreed to increase the size of its existing
investment in Inflection with a subscription in the Offering of $560,000. Upon completion of the
proposed Offering, Crescat’s ownership position in the Company will increase from its current
2.38% interest to approximately 8.46% interest (approximately 14.76% interest partially diluted).
Additionally, Crescat will retain the right to participate in future financings to maintain its
proportionate interest in the Company.
The proceeds from the Offering will be used for further drilling at the Company’s Northern New
South Wales exploration project in Australia, and for general working capital. Funds will
specifically be used to further drill test the Duck Creek target where the Company recently
intersected strong porphyry-style alteration (see news release dated June 13, 2022).
Finders’ fees may be payable in connection with the Offering in accordance with the policies and
subject to the approval of the Canadian Securities Exchange ( "CSE"). The securities issued
pursuant to the Offering will be subject to a four month and one day statutory hold period. The
Offering is subject to the approval of the CSE.
Directors and officers of the Company will acquire securities under the Offering, which will be
considered a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61-
101"). Such participation is expected to be exempt from the formal valuation and minority
shareholder approval requirements of MI 61-101.
The offered securities have not been, nor will they be, registered under the United States
Securities Act of 1933, as amended (the "Securities Act") or any state securities laws, and may
not be offered or sold to, or for the account or benefit of, any pers on in the United States or any
"U.S person", as such term is defined in Regulation S under the Securities Act, absent registration
or an applicable exemption from registration requirements. Offers and sales in the United States
will be limited to institut ional accredited investors and qualified institutional buyers. This press
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 Inflection Resources
Inflection Resources Ltd. (CSE: AUCU, OTCQB: AUCUF, FSE: 5VJ) is a technically -driven,
discovery-focused copper-gold mineral exploration company with projects in Eastern Australia
where it is systematically drill testing a large portfolio of projects in New South Wales.
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The Company is exploring for large gold and copper -gold deposits in the northern interpreted
extension of the Macquarie Arc, part of the Lachlan Fold Belt in New South Wales. The Macquarie
Arc is Australia's premier porphyry gold -copper province being host to Newcrest Mining's Cadia
deposits, the CMOC Northparkes deposits and Evolution Mining's Cowal deposits plus numerous
exploration prospects including Boda, the recent discovery made by Alkane Resources.
For more information, please visit the Company's website at www.inflectionresources.com.
About Crescat Portfolio Management LLC
Crescat is a global macro asset management firm headquartered in Denver, Colorado. Crescat's
mission is to grow and protect wealth over the long term by deploying tactical investment themes
based on proprietary value -driven equity and macro models. Crescat's goal is industry leading
absolute and risk-adjusted returns over complete business cycles with low correlation to common
benchmarks. Crescat's investment process involves a mix of asset classes and strategies to
assist with each client's unique needs and objectives and includes Global Macro, Long/Short and
Precious Metals funds.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and
approved by Mr. Carl Swensson (FAusIMM), a “Qualified Person” (“QP”) as defined in National
Instrument 43- 101 – Standards of Disclosure for Mineral Projects.
On Behalf of the Board of Directors
"Alistair Waddell"
President and CEO
For further information, please contact:
Brennan Zerb
Investor Relations Manager
+1 (778) 867-5016
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for
the adequacy or accuracy of this release.
Forward-Looking Statements:
This news release includes certain forward -looking statements and forward -looking information (together,
“forward-looking statements”). All statements other than statements of historical fact included in this
release, including, without limitation, stateme nts regarding the Offering, the use of proceeds from the
Offering, other future plans and objectives of the Company are forward -looking statements. There can be
no assurance that such statements will prove to be accurate and actual results and future events may vary
from those anticipated in such statements. Important risk factors that could cause actual results to differ
materially from the Company's plans or expectations include failure to obtain CSE acceptance of the
Offering, inability to use of proceed s from the Offering as expected, failure to raise sufficient funds on the
proposed terms or at all, and risks associated with mineral exploration, including the risk that actual results
and timing of exploration and development will be different from those expected by management . The
forward-looking statements in this news release were developed based on the assumptions and
expectations of management, including that CSE acceptance for the Offering will be obtained, the Company
will be able to use the proceeds from the Offering as anticipated, required fundraising will be completed, as
well as the other assumptions disclosed in this news release and that the risks described above will not
materialize. The Company expressly disclaims any intention or obligatio n to update or revise any forward-
looking statements whether as a result of new information, future events or otherwise, except as otherwise
required by applicable securities legislation.
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Readers are cautioned not to place undue reliance on forward -looking statements. The Company
undertakes no obligation to update any of the forward-looking statements, except as otherwise required by
law.