Bathurst Metals Announces Completion of Financing and Dtc Elegibility
December 7, 2021 PRESS RELEASE TSX-V: BMV OTC:
BMVVF
BATHURST METALS ANNOUNCES COMPLETION OF FINANCING AND DTC ELEGIBILITY
Vancouver, British Columbia (December 7, 2021) – Bathurst Metals Corp. (TSXV: BMV)
(OTC:BMVVF) (“Bathurst” or the “Company”) announces it has closed the second tranche of its
previously announced private placement by the issuance of 2,500,000 units (the “Units”) at a
price of $0.10 per Unit for aggregate gross proceeds of $250,000.00 (the “Offering”). Each Unit
is comprised of one (1) common share and one (1) common share purchase warrant, with each
whole warrant entitling the holder to purchase one additional common share at a price of $0.15
for one year from closing of the Offering.
The first tranche of the private placement, for gross proceeds of $250,000.00, was completed on
October 25, 2021. The net proceeds of the private placement will be used for working capital.
Finders fees in the amount of $24,100.00 were paid on a portion of the Offering.
The Units, common shares, share purchase warrants and shares issued upon exercise of the share
purchase warrants are subject to a four month hold period, expiring April 8, 2022.
DTC Eligability
Further the Company is pleased to announce that its common shares are now eligible for
electronic clearing and settlement through the Depository Trust Company (" DTC") in the United
States. DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that
manages the electronic clearing and settlement of publicly traded companies. Securities that are
eligible to be electronically cleared and settled through DTC are considered to be "DTC eligible".
DTC eligibility is expected to simplify the process of trading and enhance liquidity of the
Company's common shares in the United States. With DTC eligibility, existing investors benefit
from potentially greater liquidity and execution speeds. This also opens the door to new investors
that may have been previously restricted from our common shares and simplifies the process of
trading our common shares in the United States
On behalf of the Board of Directors
“Harold Forzley”
CEO
Bathurst Metals Corp.
For more information contact Harold Forzley, 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
Certain of the statements made and information contained herein may contain forward- looking
information within the meaning of applicable Canadian securities laws. Forward-looking
information includes, but is not limited to, information concerning the Company’s intentions with
respect to the development of its mineral properties. Forward-looking information is based on
the views, opinions, intentions and estimates of management at the date the information is
made, and is based on a number of assumptions and subject to a variety of risks and uncertainties
and other factors that could cause actual events or results to differ materially from those
anticipated or projected in the forward-looking information (including the actions of other
parties who have agreed to do certain things and the approval of certain regulatory bodies).
Many of these assumptions are based on factors and events that are not within the control of
the Company and there is no assurance they will prove to be correct. There can be no assurance
that forward-looking information will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such information. The Company undertakes no
obligation to update forward-looking information if circumstances or management’s estimates
or opinions should change except as required by applicable securities laws, or to comment on
analyses, expectations or statements made by third parties in respect of the Company, its
financial or operating results or its securities. The reader is cautioned not to place undue reliance
on forward-looking information.
BATHURST METALS CORP.
665 DOUGALL ROAD, GIBSONS BC
WWW.BATHURSTMETALS.COM