Bessor Announces $125,000 Private Placement Financing and Provides Corporate Update
TSXV: BST
www.bessorminerals.com
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DISSEMINATION IN THE UNITED STATES
Bessor Announces $125,000 Private Placement Financing and
Provides Corporate Update
May 16, 2025 – Vancouver, BC: Bessor Minerals Inc. (TSXV:BST) (" Bessor" or the
“Corporation”) is pleased to announce that it intends to complete a non -brokered private
placement offering of up to 6,250,000 common shares in the capital of Bessor (the “ Offered
Shares”) at a price of $0.0 2 per Offer ed Share, for gross proceeds of up to $ 125,000 (the
“Private Placement”).
Bessor intends to complete the Private Placement using available prospectus exemptions under
securities laws, including the accredited investor exemption and the close friends, family and
business associates exemption. Any investors interested in participa ting in the Private
Placement should contact Bessor pursuant to the contact information set forth below. The closing
of the Private Placement is anticipated to occur on or around June 13, 2025. A finder's fee of up
to 5% of the gross proceeds of the Privat e Placement may be paid in cash or Bessor common
shares on all or any portion of the Private Placement. The net proceeds from the Private
Placement will be used for: potential exploration of Bessor’s properties; potential future
acquisitions; and general working capital.
It is not anticipated that any new insiders will be created, nor that any change of control will
occur, as a result of the Private Placement. Any participation by insiders of Bessor in the Private
Placement will be on the same terms as arm's-length investors. There is no minimum aggregate
subscription amount for the Private Placement, but the completion of the Private Placement is
subject to all regulatory approvals, including TSX Venture Exchange (“TSXV”) acceptance.
Depending on market conditions, the gro ss proceeds of the Private Placement could be
increased or decreased. All securities issued in connection with the Private Placement will be
subject to a hold period of four months and one day from the date of closing.
CORPORATE UPDATE
The Corporation also announces Mr. Ronald H. McMillan has resigned as a director of the
Corporation effective May 9, 2025. Mr. McMillan resigned in order to pursue personal interests
unrelated to business endeavors.
Jason Riley, the President, CEO and a director of Bessor commented: “On behalf of the Board,
we thank Ron McMillan for his longstanding service and commitment to the Corporation as a
director of the Board. We greatly appreciate the guidance, knowledge and expertise that Ron
provided over his tenure as a Director, and we wish him all the very best in his future
endeavours.”
ABOUT BESSOR MINERALS INC.
Bessor’s focus is on exploration and development of the Redhill volcanogenic massive sulphide
deposit in British Columbia. In addition, Bessor has a 1% NSR on certain claims in the Blackwater
Mine operated by Artemis Gold Inc.
BESSOR MINERALS INC.
Jason Riley
President, CEO & Director
For further information, contact:
Investor Relations
Phone: 778-809-1303
Email: [email protected]
Website: www.bessorminerals.com
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 news release.
This news release contains certain forward -looking information. All statements included herein, other than
statements of historical fact, are forward -looking information and such information involves various risks
and uncertainties. In particular, this new s release contains forward -looking information in relation to: the
Private Placement, including, the magnitude of the Private Placement, the potential closing date of the
Private Placement, the potential use of proceeds of the Private Placement, including potential exploration
and development of Bessor’s properties and potential future acquisitions, the potential exemptions used for
the Private Placement and any potential finder’s fee paid on the Private Placement . There can be no
assurance that such information will prove to be accurate, and actual results and future events could differ
materially from those anticipated in such information. This forward -looking information reflects Bessor's
current beliefs and is ba sed on information currently available to Bessor and on assumptions Bessor
believes are reasonable. These assumptions include, but are not limited to: the current share price of
Bessor's common shares; TSXV and market acceptance of the Private Placement; Bessor’s current and
initial understanding and analysis of its projects; Bessor's general and administrative costs remaining
constant; market acceptance of Bessor's business model, goals and approach; the availability of potential
acquisitions and prices acceptable to Bessor; and the feasibility a nd reasonableness of conducting
exploration on and developing any of Bessor’s projects . Forward-looking information is subject to known
and unknown risks, uncertainties and other factors which may cause the actual results, level of activity,
performance or achievements of Bessor to be materially different from those expressed or implied by such
forward-looking information. Such risks and other factors may include, but are not limited to: there is no
certainty that the ongoing work programs will result in significant or successful exploration and development
of Bessor’s properties; uncertainty as to the actual results of exploration and development or operational
activities; uncertainty as to the availability and terms of future financing on acceptable terms; uncertainty
as to timely availability of permits and other governmental approvals; Bessor may not be able to comply
with its ongoing obligations regarding its properties; the early stage development of Bessor and its projects;
general business, econom ic, competitive, political and social uncertainties; capital market conditions and
market prices for securities, junior market securities and mining exploration company securities; commodity
prices; the actual results of current exploration and development or operational activities; competition;
changes in project parameters as plans continue to be refined; accidents and other risks inherent in the
mining industry; lack of insurance; delay or failure to receive board or regulatory approvals; changes in
legislation, including environmental legislation or income tax legislation, affecting Bessor; conclusions of
economic evaluations; and lack of qualified, skilled labour or loss of key individuals. A description of
additional risk factors which may cause actual results to differ materially from forward -looking information
can be found in Bessor's disclosure documents on the SEDAR+ website at www.sedarplus.com. Although
Bessor has attempted to identify important factors that could cause actual results to differ m aterially from
those contained in forward-looking information, there may be other factors that cause results not to be as
anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking
information. Bessor does not undertake to update any forward -looking information except in accordance
with applicable securities laws.