Altair Announces Financing
Altair Resources Inc.
#1305 – 1090 W. Georgia Street, Vancouver, BC V6E 3V7 Canada
Altair Announces Financing
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE,
PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART, IN OR INTO THE UNITED STATES
VANCOUVER, BRITISH COLUMBIA – May 26th, 2021: ALTAIR RESOURCES INC.
(“ALTAIR” or the Company”) (TSX-V: AVX; Germany FRA: 90A; ISIN: CA02137W2004; WKN:
WKN A2ALMP) Mr. George S. Young, on behalf of the Board, is pleased to announce the Company will
conduct a non-brokered private placement financing of up to 10 million units (each a “Unit”) at $0.05 per
Unit to raise gross of $500,000. Each Unit will comprise one common share (a “Share”) and one common
share purchase warrant (a “Warrant ”). Each Warrant entitles the holder to purchase an additional S hare
for a period of two years at a price of $0.10. Each Warrant will be subject to a forced conversion once the
Shares trade above a weighted average trading price of $0.25 per Share for any 20 consecutive trading days
commencing at any time after closing. The expiry date of the Warrants will then be 30 days from the date
of issue of a news release announcing the forced conversion.
Proceeds from the financing will be used for working capital purposes. A finder’s fee may be payable on a
portion of this financing. The financing is subject to acceptance of filings with the TSX Venture Exchange.
This press release does not constitute an offer to sell or a solicitation of an offer to buy nor shall t here be
any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be
unlawful. The securities have not been, and will not be, registered under the United States Securities Act
of 1933, as amended (the " U.S. Securities Act"), or the securities laws of any state of the United States,
and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as
defined in Regulation S under the U.S. Securities Act) absent registration under the U.S. Securities Act and
applicable state securities laws or pursuant to an exemption from such registration requirements.
ON BEHALF OF THE BOARD,
"George S. Young "
George S. Young, Board Chair and & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements:
This press release contains forward -looking statements with respect to the Company. By their nature,
forward-looking statements are subject to a variety of factors that could cause actual results to differ
materially from the results suggested by the forward-looking statements. In addition, the forward-looking
statements require management to make assumptions and are subject to inherent risks and uncertainties.
There is significant risk that the forward -looking statements will not prove to be accurate, that the
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Altair Resources Inc.
#1305 – 1090 W. Georgia Street, Vancouver, BC V6E 3V7 Canada
management’s assumptions may not be correct and that actual results may differ materially from such
forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking
statements.
Generally forward-looking statements can be identified by the use of terminology such as “anticipate”,
“will”, “expect”, “may”, “continue”, “could”, “estimate”, “forecast”, “plan”, “potential” and similar
expressions. Forward-looking statements contained in this press release may include, but are not limited
to, the completion of the private placement and the Company receiving regulatory approval to the partial
revocation order. These forward -looking statements are based on a number of assumptions which may
prove to be incorrect including, but not limited to, the Company receiving regulatory approval to the private
placement and the partial revocation order application.
The forward-looking statements contained in this press release are made as of the date hereof or the dates
specifically referenced in this press rel ease, where applicable. Except as required by law, the Company
does not undertake any obligation to update publicly or to revise any forward-looking statements that are
contained or incorporated in this press release. All forward- looking statements contained in this press
release are expressly qualified by this cautionary statement