Damara Announces Flow-Thru Financing for $150,000
335 – 1632 Dickson Avenue • Kelowna, BC V1Y 7T2
Phone: (250) 717-1840 • www.damaragoldcorp.com
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
NEWS RELEASE
Damara Announces Flow-Thru Financing for $150,000
December 6, 2021 TSX-V: DMR
DAMARA GOLD CORP. (TSX-V:DMR) (“Damara” or the “Company”), announces it will complete
a non-brokered private placement (the “Offering”) for gross proceeds of $150,000.
The Offering will consist of 1,666,667 common shares of the Company issued on a flow-through
basis (the “FT Shares”) at a price of $0.09 per FT Share for gross proceeds of $150,000 (the “FT
Proceeds”)
The Offering remains subject to the approval of the TSX Venture Exchange. The FT Proceeds
will be used by the Company to incur eligible Canadian exploration expenses that will qualify as
flow-through mining expenditures to advance the Company’s Placer Mountain Gold Project in
British Columbia. All qualifying expenditures will be renounced in favour of the subscribers of the
FT Shares effective December 31, 2021.
All securities issued pursuant to the Offering are subject to a statutory four month and one day
hold period from date of issuance.
None of the securities sold in connection with the Offering will be registered under the United States Securities Act of
1933, as amended , and no such securities may be offered or sold in the United States absent registration or an
applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation
or sale would be unlawful.
About Damara
Damara Gold Corp. is a TSX Venture listed mineral exploration company actively focused on the
exploration of the Placer Mountain Gold Property, located in Princeton, BC, held by 75%/25% JV
with Universal Copper Ltd. Damara’s Board of Directors is seasoned in the mineral exploration
industry with extensive and successful international experience.
ON BEHALF OF THE BOARD OF DIRECTORS OF DAMARA
“Larry Nagy”
Larry Nagy, Chief Executive Officer
For additional information visit Damara’s website at www.damaragoldcorp.com or contact:
Damara Gold Corp.
Larry Nagy
Chief Executive Officer
Ph: (250-241-5692)
335 – 1632 Dickson Avenue • Kelowna, BC V1Y 7T2
Phone: (250) 717-1840 • www.damaragoldcorp.com
Disclaimer for Forward-Looking Information
This news release contains statements that constitute "forward-looking Information", as such term
is used in applicable Canadian securities laws. Such forward-looking information involves known
and unknown risks, uncertainties and other factors that may cause the Company’s actual results,
performance or achievements, or developments in t he industry to differ materially from the
anticipated results, performance or achievements expressed or implied by such forward -looking
information. Forward-looking information includes statements that are not historical facts and are
generally, but not al ways, identified by the words "expects," "plans," "anticipates," "believes,"
"intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions
"will," "would," "may," "could" or "should" occur.
Although the Company believes the forward-looking information contained in this news release is
reasonable based on information available on the date hereof, by its nature forward -looking
information involves assumptions and known and unknown risks, uncertainties and other factors
which may cause our actual results, level of activity, performance or achievements, or other future
events, to be materially different from any future results, performance or achievements expressed
or implied by such forward-looking information.
Examples of such assumptions, risks and uncertainties include, without limitation, assumptions,
risks and uncertainties associated with general economic conditions; the Covid -19 pandemic;
adverse industry events; the receipt of required regulatory approvals and the timing of such
approvals; that the Company maintains good relationships with the communities in which it
operates or proposes to operate, future legislative and regulatory developments in the mining
sector; the Company ’s ability to access sufficient ca pital from internal and external sources,
and/or inability to access sufficient capital on favorable terms; mining industry and markets in
Canada and generally; the ability of the Company to implement its business strategies;
competition; the risk that any of the assumptions prove not to be valid or reliable, which could
result in delays, or cessation in planned work, risks associated with the interpretation of data, the
geology, grade and continuity of mineral deposits, the possibility that results will not be consistent
with the Company’s expectations, as well as other assumptions risks and uncertainties applicable
to mineral exploration and development activities and to the Company, including as set forth in
the Company’s public disclosure documents filed on the SEDAR website at www.sedar.com.
THE FORWARD -LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE
REPRESENTS THE EXPECTATIONS OF DAMARA AS OF THE DATE OF THIS PRESS
RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS
SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD -LOOKING INFORMATION
AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE
DAMARA MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION
AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE
LAWS.
Neither the 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 press release
335 – 1632 Dickson Avenue • Kelowna, BC V1Y 7T2
Phone: (250) 717-1840 • www.damaragoldcorp.com