Prime Meridian Resources Corp.seeks TSXV Closes Non-Brokered Private Placement Financing
Suite 920 – 1112 WEST PENDER STREET
VANCOUVER, BC, V6E 2S1
http://primemeridianresources.com/
December 7, 2021 News Release TSX-V: PMR
PRIME MERIDIAN RESOURCES CORP.SEEKS TSXV CLOSES
NON-BROKERED PRIVATE PLACEMENT FINANCING
Vancouver, B.C.: Prime Meridian Resources Corp. (“PMR'' or the “Company”) (TSX-V: PMR) is pleased to
announce that it has closed its previously announced non-brokered private placement financing (see news
releases dated September 28, 2021 and November 26, 2021) for total gross proceeds of $599,083, (the
“Financing”).
The Company has issued 3,327,220 units (the “Units”), and 500,000 flow-through units (“FT Units”), each
Unit consisting of one common share and one common share purchase warrant, with each warrant
entitling the holder to acquire one additional common share at a price of $0.25 per share for 12 months,
and each FT Unit consisting of 1 flow-through common shares and ½ of a common share purchase warrant,
each full warrant entitling the holder to acquire one additional common share at a price of $0.30 for 12
months.
All warrants are subject to the right of the company to accelerate the exercise of the warrants if the shares
of the company trade at or above 50 cents for a period of 10 consecutive trading days.
Finders' fees consisting of $31,200 cash and 208,000 B-warrants exercisable at $0.15 for a period of 12
months have been paid in relation to the Financing.
Proceeds from the Financing will be used for general exploration purposes on the Company’s properties
in Ontario and for general working capital.
All securities issued pursuant to this financing are subject to a four-month plus 1 day hold.
On behalf of the Board of Directors of
Prime Meridian Resources Corp.
"Brian Leeners"
Brian Leeners, CEO & Director
The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has
neither approved or disapproved the contents of this press release.