Bathurst Metals Announces $160,000.00 Non-Brokered Private Placement
BATHURST METALS CORP.
665 DOUGALL ROAD, GIBSONS, BC, V0N 1V8
WWW.BATHURSTMETALS.COM
December 30, 2020 PRESS RELEASE TSX-V: BMV.H
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES
Bathurst Metals Announces $160,000.00 Non-Brokered Private Placement
Vancouver, B.C. December 30, 2020 – Bathurst Metals Corp. (“Bathurst” or the “Company”) (TSX-V:
BMV.H) is pleased to announce the terms of a non-brokered private placement (the “Offering”) whereby
the Company plans to raise approximately C$160,000.00 through the issuance of flow-through common
shares at a price of C$0.18 per share. The Offering is expected to close on or before December 31, 2020,
and is subject to regulatory approval.
The Company intends to use the gross proceeds from the flow-through portion of the Offering to incur
Canadian Exploration Expenses that are Flow-Through Mining Expenditures (as such terms are defined in
the Income Tax Act (Canada)). The Company will renounce such Canadian Exploration Expenses with an
effective date of no later than December 31, 2020.
The proceeds from the common shares issued under the Offering will be used in part to fund the
Company’s 2021 exploration and evaluation program on the Turner Lake Project.
All securities issued in the non-brokered Placement and Offering will be subject to a four month hold
period.
On behalf of the Board of Directors
“Harold Forzley”
President / CEO
Bathurst Metals Corp.
For more information contact
Harold Forzley, President
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.
BATHURST METALS CORP.
665 DOUGALL ROAD, GIBSONS, BC, V0N 1V8
WWW.BATHURSTMETALS.COM
FORWARD LOOKING INFORMATION
This news release includes certain information that may constitute “forward-looking information” under
applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, the
Company’s strategic plans, future operations, future work programs and objectives. Forward-looking
information is necessarily based upon a number of estimates and assumptions that, while considered
reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause
the actual results and future events to differ materially from those expressed or implied by such forward-
looking information. There can be no assurance that such information will prove to be accurate, as actual
results and future events could differ materially from those anticipated in such information. Accordingly,
readers should not place undue reliance on forward-looking information. All forward-looking information
contained in this press release is given as of the date hereof and is based upon the opinions and estimates
of management and information available to management as at the date hereof. The Company 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 required by law.