C3 Metals Announces Increase to Private Placement
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2
+1 647 953-5924 | c3metals.com
FOR IMMEDIATE RELEASE
TORONTO, ONTARIO
August 13, 2020
C3 Metals Announces Increase to Private Placement
C3 Metals Inc. (CCCM:TSXV) (the “Company”) is please to announce that, due to significant investor demand
it is increasing the amount of its private placement financing stated in its press release of August 5, 2020, of its
previously announced non-brokered private placement to a maximum of 43,636,363 common shares (the “Common
Shares”) in the capital of the Company at a price of $0.0 55 per share for gross proceeds of up to $2,400,000 (the
“Offering”)
The proceeds of the Offering will be used for exploration at the Jasperoide project in Peru and general working
capital purposes. The actual allocation of net proceeds may vary depending on future operations or unforeseen
events or opportunities. The closing of the Offering is expected to occur on or before August 17, 2020 or such other
date as the Company may determine (the “Closing Date”).
It is anticipated that a number of insiders including directors will be subscribing for a portion of the Offering. Certain
eligible persons (the “Finders”) may receive a cash commission of up to 7% of the gross proceeds of the Offering,
and finder’s warrants (each, a “ Finder’s Warrant”) equal to 7% of the Common Shares issued pursuant to the
Offering. Each Finder’s Warrant entitles the holder to purchase Common Shares at a price of $0.055 per Common
Share. All securities issued under the Offering will be subject to a four-month and one day statutory hold period
ABOUT C3 METALS
C3 Metals 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 highly underexplored 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 similar geology to the nearby major
mining operations at Las Bambas (Minmetals), Constancia (Hudbay) and Antapaccay (Glencore).
Carube also holds a 100% interest in 5 licenses covering 207 km 2 of highly prospective copper -gold terrain in
Jamaica, a 100% interest in two porphyry copper -gold properties covering 337 km2 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. Carube is seeking partners to further develop these highly prospective Canadian and
Caribbean assets.
Tony Manini, Executive Chairman +1 (647) 953-5924 [email protected]
Jeff Ackert, Vice President, Business Development • +1 (647) 957-2249 • [email protected]
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 address 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 set forth on its website at
http://www.c3metals.com/uploads/1/6/5/2/16521880/disclaimers-and-forward-statements.pdf