Bessor Announces $250,000 Private Placement Financing
CAN: 41223948.2
NEX: BST.H
www.bessorminerals.com
Bessor Announces $250,000 Private Placement Financing
September 6, 2022 – Vancouver, BC: Bessor Minerals Inc. (NEX:BST.H) ("Bessor" or the
“Corporation”) is pleased to announce that it intends to complete a non -brokered private
placement offering of up to 5,000,000 common shares in the capital of Bessor (the “ Offered
Shares”) at a price of $0.05 per Offering Share, for gross proceeds of up to $250,0000 (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 investor s interested in participating 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 September 30, 2022. A
finder's fee of up to 6% of th e gross proceeds of the Private 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 wi ll 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 and NEX
acceptance. Depending on market conditions, the gross 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.
BESSOR MINERALS INC.
Jason Riley
President, CEO & Director
For further information, contact:
Investor Relations
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 news release c ontains 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 e xploration
and development of Bessor’s properties and potential fu ture acquisitions, the potential exemptions used
for the Private Placement and any potential finder’s fee paid on the Private Placement. There can be no
CAN: 41223948.2
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 based 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 NEX acceptance 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 and
reasonableness of conducting exploration on and develop ing 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 Be ssor’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 o ther 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, economic, competitive, political
and social uncertainties; capit al 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 projec t 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 informa tion can be found in Bessor's disclosure
documents on the SEDAR website at www.sedar.com. Although Bessor has attempted to identify
important factors that could cause actual results to differ materially 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 i n accordance with applicable
securities laws.