BTU Closes Financing
Suite 1240, 789 West Pender St. Vancouver, British Columbia
Phone: 604-683-3995/ Toll Free: 888-945-4770/Fax: 604-683-3988
BTU CLOSES FINANCING
June 10th, 2020, Vancouver, BC, Canada – BTU METALS CORP. ("BTU" or the "Company") (BTU -TSX:V) is
pleased to announce that further to its press releases dated June 8th, 2020 the Company has closed the non-brokered
private placement. The Company issued 2.6 million common share units (the "Units") at a price of $0.20 per Unit
for aggregate gross proceeds of $520,000. Each Unit consists of one common share and one-half warrant. Each full
warrant entitles the subscriber to purchase one common share of the Company at a price of $0.30 for a period of 3
years from the date of closing.
Proceeds raised will be used for advancing the Company’s Dixie Halo Property in Red Lake, Ontario where drilling
is currently underway at the TNT VMS target and for general working capital.
Finders’ fees of $4,800 were paid to an arm’s length party.
The shares and warrants comprising the units and the finder’s warrants are subject to a 4 month hold period expiring
October 10th, 2020.
The Private Placement is subject to TSX Venture Exchange final approval.
BTU Metals Corp. is a publicly traded junior, mining exploration company focused in the Red Lake district of
Ontario, Canada. BTU currently holds or has under option approximately 200 sqkm of exploration properties
continuous to Great Bear Resources in the Red Lake, Ontario area. BTU is actively exploring two key targets; the
Dixie Creek prospect, a high -grade gold target immediately south of GBR and the TNT prospect, a very large
potential-VMS systems towards the south on the properties . For more information please visit
www.BTUMetals.com.
ON BEHALF OF THE BOARD
“Paul Wood”
Paul Wood, CEO, Director
FOR FURTHER INFORMATION, PLEASE CONTACT:
Andreas Curkovic, Investor Relations
+1 416-577-9927
BTU Metals Corp.
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the p olicies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future
performance and reflect management’s current expectations and assumptions. Such forward -looking statements reflect management’s
current beliefs and are based on assumptions made by and using information currently available to the Company. Investors are cautioned
that these forward-looking statements are neither promises nor guarantees, and they are subject to risks and uncertainties that may cause
future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as
required under applicable securities legislation, the Company does not assume any obligation to update or revise them to refl ect new
events or circumstances. All forward-looking statements made in this press release are qualified by these cautionary statem ents and by
those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).