C3 Metals Announces $4 Million Brokered Private Placement
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NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES.
NEWS RELEASE
C3 METALS ANNOUNCES $4 MILLION BROKERED PRIVATE PLACEMENT
January 19, 2021 – Toronto, Ontario – C3 Metals Corp. (“C3” or the “Company”) (TSXV: CCCM) is
pleased to announce that it has entered into a letter engagement with Eight Capital, under which Eight
Capital, acting as lead agent for the Company, on behalf of a syndicate of agents (collectively with Eight
Capital, the “Agents”) has agreed to offer for sale up to 28,572,000 common shares of the Company (the
“Shares”) on a “best ef forts” private placement basis at an issue price of $0.14 per Share ( the “ Issue
Price”), for aggregate gross proceeds of up to $4,000,080, subject to all regulatory approvals (the
“Offering”).
The Company has granted the Agents an over-allotment option to distribute up to an additional 4,285,800
Shares at the Issue Price, exercisable in whole or in part at any time within 48 hours prior to the closing of
the Offering. If this option is exercised in full, an additional approximately $600,000 will be raised and the
aggregate proceeds of the Offering will be approximately $4,600,000.
The Company intends to use the net proceeds of the Offering to fund exploration at the Company’s
Jasperoide project as well as for working capital and general corporate purposes.
The closing date of the Offering is scheduled to be on or about February 5, 2021, and is subject to certain
conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the
TSX Venture Exchange and the applicable securities regulatory authorities.
As consideration for its services, the Agents will receive a cash commission of 7% of the gross proceeds of
the Offering, and compensation warrants in an amount equal to 7% of the number of Shares sold pursuant
to the Offering. Each compensation warrant will be exercisable to purchase one Share at the Issue Price
for a period of 12 months.
This press 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 State in whi ch such offer, solicitation or sale would be unlawful. The
securities being offered have not been, nor will they be, registered under the United States Securities Act of
1933, as amended, and may not be offered or sold in the United States absent registration or an applicable
exemption from the registration requirements of the United States Securities Act of 1933, as amended, and
applicable state securities laws.
On behalf of the Board of Directors
“Kevin Tomlinson”
President & Chief Executive Officer
About C3 Metals Inc.
C3 Metals Inc. is focused on creating substantive long-term value for its shareholders through the discovery
and development of large copper and gold deposits. The Company's flagship project is the poorly explored
5,700-hectare Jasperoide high -grade copper -gold skarn and porphyry system located in the prolific
Andahuaylas-Yauri Porphyry -Skarn belt of southern Peru. Mineralization at Jasperoide is hosted in a
similar geological setting to the nearby major mining operations at La s Bambas (MMG), Constancia
(Hudbay) and Antapaccay (Glencore).
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C3 Metals also holds a 100% interest in five licenses covering 207 km2 of highly prospective copper-gold
terrain in Jamaica, a 100% interest in two porphyry copper-gold properties, with one under option to Tocvan
Ventures, covering 304 km 2 within the Cascade Magmatic Arc in southwestern British Columbia and a
100% interest in the 46 km2 Stewart Brook gold project in the Meguma gold belt of Nova Scotia.
FOR ADDITIONAL INFORMATION CONTACT:
Kevin Tomlinson
President & CEO
C3 Metals Inc.
161 Bay street, 27th floor
Toronto, ON M5J 2S1
Alec Rowlands
Vice President Investor Relations
+1 416-572-2510
www.c3metals.com
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this release.
DISCLAIMER & FORWARD-LOOKING STATEMENTS
This news release includes certain "forward-looking statements" which are not comprised of historical facts.
Forward-looking statements are based on assumptions and addr ess future events and conditions, and by
their very nature involve inherent risks and uncertainties. Although these statements are based on currently
available information, C3 Metals Inc. provides no assurance that actual results will meet management's
expectations. Factors which cause results to differ materially are set out in the Company's documents filed
on SEDAR. Undue reliance should not be placed on "forward looking statements".
IMPORTANT NOTICE: C3 Metals hereby incorporates the entire disclaimer s et forth on its website at
http://www.c3metals.com/disclaimers-and-forward-looking-statements/