BTU Increases HARD Dollar Financing
Suite 1240, 789 West Pender St. Vancouver, British Columbia
Phone: 604-683-3995/ Toll Free: 888-945-4770/Fax: 604-683-3988
BTU INCREASES HARD DOLLAR FINANCING
November 17, 2021, Vancouver, BC, Canada – BTU METALS CORP. ("BTU" or the "Company") (BTU-TSX:V BTUMF-OTC) announces
it has increased its previously announced non-brokered private placement, (see PR dated November 11, 2021), to 3,050,000 units (“Units”)
at a price of $0.09 per Unit for aggregate gross proceeds of $274,500 (the "Offering").
Each Unit shall be comprised of one common share (“Share”) and one-half of one transferrable Share purchase warrant (“Warrant”). Each
whole Warrant shall entitle the holder thereof to acquire one Warrant Share of BTU at a price of $0.15 for a period of 18 months following
the closing of the Offering. Finders fees will be payable.
Proceeds raised from the Offering will be used for ongoing work programs at the Dixie Halo Project located in Red Lake, Ontario,
contiguous to Great Bear Resources as well as for general and administrative purposes.
Closing of the offering is expected to be in the next 7 days subject to approval of the TSX Venture Exchange.
The securities issued under the Offering, and any Shares that may be issuable on exercise of any such securities, will be subject to a statutory
hold period expiring four months and one day from the date of issuance of such securities.
BTU Metals Corp. is a junior mining exploration company focused on its Dixie Halo project located in Red Lake, Ontario.
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 policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.