Badlands Announces $2,000,000 Private Placement
Badlands Announces $2,000,000 Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC, February 7, 2024 – Badlands Resources Inc. (TSXV: BLDS, OTCQB: BDLNF,
FSE: B7Q) (“ Badlands” or the “ Company ”) announces that it has arranged a private placeme nt of up to
4,000,000 units (the “ Units”) at an issue price of $0.50 per Unit for total gross proceeds of up to $2,000,000
(the “ Placement”). Each Unit will consist of one common share of the Company (a “ Share”) and one non-
transferable share purchase warrant (a “ Warrant”), with each Warrant exercisable to acquire one additional
Share at a price of $0.75 for a period of two years from the date of issue, provided that, after the expiry of
all regulatory hold periods on the Warrants, if the Company’s Shares trade on the TSX Venture Exchange
(the “ TSXV ”) at a price of $1.25 or more for five consecutive trading days at any time (the “ Acceleration
Event”), then the Warrants will expire, subject to the C ompany’s discretion, on the earlier of the expiry
date and 4:30 p.m. (Vancouver time) on the date tha t is 30 calendar days after the date that the Compa ny
provides notice to the holders of the Warrants that the Acceleration Event has occurred.
All securities issued under the Placement will be subject to a hold period expiring four months and one day
from the date of issue.
Finders’ fees may be payable on all or a portion of the Placement in accordance with the policies of t he
TSXV.
The Company intends to use the net proceeds of the Placement to extinguish debt, for exploration work on
the Company’s exploration properties and for general working capital.
Completion of the Placement is subject to, among ot her things, the approval of the TSXV. The Company
anticipates closing of the Placement (in one or mor e tranches) as soon as practicable subject to recei pt of
all necessary regulatory approvals.
This news release does not constitute an offer to sell or solicitation of an offer to sell any securities in
the United States. The securities have not been an d 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 Badlands
Badlands, through its wholly owned subsidiary, is a gold focused exploration company in the Black Hills,
South Dakota. The Company has strategically consoli dated 7,858 acres, 20 km along trend from the
Homestake Mine that produced 42 million ounces of g old. The Bella Project has over 90% of exposed
Banded Iron Formation not covered by sampling and is determined to explore the near surface potential.
On Behalf of the Board of Directors
MINERAL MOUNTAIN RESOURCES LTD.
R. Dale Ginn, President and CEO
For further information, please contact:
R. Dale Ginn
604-678-5308 | [email protected]
Or visit our website: www.badlandsresources.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note regarding Forward-Looking Statements
Statements contained in this press release that are not historical facts are “forward-looking information” or “forward-
looking statements” (collectively, “Forward-Looking Information”) within the meaning of applicable Can adian
securities legislation and the United States Privat e Securities Litigation Reform Act of 1995. Forward -Looking
Information includes, but is not limited to, the anticipated timing for completion of the Placement and use of proceeds
therefrom. The words “anticipate,” “significant,” “ expect,” “may,” “will” and similar expressions are intended to be
among the statements that identify Forward-Looking Information. Forward-Looking Information is subject to known
and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied
by the forward-looking information. In preparing the Forward-Looking Information in this news release, the Company
has applied several material assumptions, including , but not limited to, assumptions that general busi ness and
economic conditions will not change in a materially adverse manner; that all requisite approvals will be received and
all requisite information will be available in a timely manner. Factors that may cause actual results to vary materially
include, but are not limited to, inaccurate assumpt ions concerning the exploration for and development of mineral
deposits, currency fluctuations, unanticipated oper ational or technical difficulties, risks related to unforeseen delays;
general economic, market or business conditions, re gulatory changes; timeliness of regulatory approval s, the risks of
obtaining necessary licenses and permits, changes i n general economic conditions or conditions in the financial
markets and the inability to raise additional finan cing. Readers are cautioned not to place undue reli ance on this
Forward-Looking Information. The Company does not assume the obligation to revise or update this Forward-Looking
Information after the date of this release or to revise such information to reflect the occurrence of future unanticipated
events, except as may be required under applicable securities laws.