Angel Wing Metals Announces Non-Brokered Unit Offering
Angel Wing Metals Announces Non-Brokered
Unit Offering
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN
THE
UNITED STATES
/
TSXV: AWM
WWW.ANGELWINGMETALS.COM
TORONTO
,
Nov. 19, 2024
/CNW/ -
Angel Wing Metals Inc.
(TSXV: AWM) ("
Angel Wing Metals
"
or the "
Company
") announces that it has initiated a non-brokered private placement of up to
20,000,000 units at a price of
$0.05
per unit for gross proceeds up to
$1,000,000
("
Unit
Offering
").
Each Unit will consist of one common share (a "
Common Share
") of the Company and one-half
Common Share Purchase warrant (a "
Half Warrant
"). Two Half Warrants comprise one Common
Share purchase warrant (a "
Full Warrant
") of the Company. Each Full Warrant will be exercisable
for a period of 24 months from the date of issue (the "
Full Warrant Share
") at a price of
$0.10
per
Full Warrant Share.
The proceeds from the Unit Offering will be used for diamond drilling at its
La Reyna
project in
Mexico and for general and corporate purposes. The securities issued in the Unit Offering contain a
statutory four month plus one day hold period. The Unit Offering is subject to TSX Venture Exchange
and regulatory approvals.
Closing is expected on or about
December 23, 2024
, or such other date as the Company may
determine. While the Unit Offering is being affected by the Company on a non-brokered basis, the
Company may pay finder's fees to arm's-length third parties consisting of a cash commission of up
to 7% of the gross proceeds of the Private Placement and 7% broker warrants on the same terms
as warrants issued per the Private Placement.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the
securities in
the United States
. 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 any state securities
laws and may not be offered or sold within
the United States
or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an exemption from such
registration is available.
ABOUT ANGEL WING METALS
Angel Wing Metals (TSXV:AWM) is focused on the exploration and development of its portfolio of
precious metals properties in
Mexico
and
Canada
. The Company's flagship La Reyna Project covers
106.89 km2 in the southern extension of the prolific Sierra Madre Occidental gold-silver belt in the
state of
Nayarit, Mexico
.
Angel Wing Metals is committed to sustainable and responsible exploration and business activities in
line with industry best practices, supportive of all stakeholders, including the local communities in
which the Company operates.
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.
For more information about Angel Wing Metals Inc., please visit the Company's website at
www.angelwingmetals.com
or call/email:
Katherine Pryde
Investor Relations
Tel: 646-354-9375
Email:
For more information regarding this financing, please contact:
Marc Prefontaine
President & CEO
Email:
Tel: (604) 307-6365
Cautionary and Forward-Looking Statements
This news release includes certain forward-looking statements and forward-looking information
(collectively, "forward looking statements") within the meaning of applicable Canadian securities
legislation. All statements, other than statements of historical fact, included herein including,
without limitation, statements regarding the Unit Offering and proposed uses of the proceeds of the
Unit Offering, are forward-looking statements. Although the Company believes that such
statements are reasonable, it can give no assurance that such expectations will prove to be
correct. Often, but not always, forward looking information can be identified by words such as "pro
forma", "plans", "expects", "will", "may", "should", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates", "believes", "potential" or variations of such words including negative
variations thereof, and phrases that refer to certain actions, events or results that may, could,
would, might or will occur or be taken or achieved. Forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the actual results, performance or
achievements of the Company to differ materially from any future results, performance or
achievements expressed or implied by the forward-looking statements. This forward-looking
information reflects the Company's current beliefs and is based on information currently available
to the Company and on assumptions the Company believes are reasonable. These assumptions
include, but are not limited to: TSX Venture Exchange acceptance of the Unit Offering; market
acceptance and approvals; and the anticipated closing date for the Offering. Forward-looking
information is subject to known and unknown risks, uncertainties and other factors that may cause
the actual results, level of activity, performance or achievements of the Company to be materially
different from those expressed or implied by such forward-looking information. Such risks and
other factors may include, but are not limited to: general business, economic, competitive, political
and social uncertainties; general capital market conditions and market prices for securities; delay
or failure to receive board or regulatory approvals; the actual results of future operations;
competition; changes in legislation, including environmental legislation, affecting the Company; the
timing and availability of external financing on acceptable terms; and lack of qualified, skilled
labour or loss of key individuals. A description of additional assumptions used to develop such
forward-looking information and a description of additional risk factors that may cause actual
results to differ materially from forward-looking information can be found in the Company's
disclosure documents on SEDAR+ website at
www.sedarplus.ca
. Although the Company has
attempted to identify important factors that could cause actual results to differ materially from those
contained in forward-looking information, there may be other factors that cause results not to be as
anticipated, estimated or intended. Readers are cautioned that the foregoing list of factors is not
exhaustive. Readers are further cautioned not to place undue reliance on forward-looking
information as there can be no assurance that the plans, intentions or expectations upon which
they are placed will occur. Forward looking information contained in this news release is expressly
qualified by this cautionary statement. The forward-looking information contained in this news
release represents the expectations of the Company as of the date of this news release and,
accordingly, is subject to change after such date. However, the Company expressly disclaims any
intention or obligation to update or revise any forward-looking information, whether as a result of
new information, future events or otherwise, except as expressly required by applicable securities
law.
SOURCE
Angel Wing Metals Inc.
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%SEDAR: 00004503E
For further information:
Katherine Pryde, Investor Relations, Tel: 646-354-9375, Email:
[email protected]; Marc Prefontaine, President & CEO, Email:
[email protected], Tel: (604) 307-6365
CO: Angel Wing Metals Inc.
CNW 17:00e 19-NOV-24