C3 Metals Announces Private Placement
C3 Metals Announces Private Placement
Toronto, Ontario--(Newsfile Corp. - April 4, 2023) -
C3 Metals Inc. (TSXV: CCCM)
(the "
Company
" or
"
C3 Metals
") is pleased to announce a non-brokered private placement of up to 100,000,000 common
shares (each, a "
Common Share
") in the capital of the Company at a price of $0.05 per Common
Share for process proceeds of up to $5,000,000 (the "
Offering
").
Gross proceeds raised from the Offering will be used for working capital and general corporate
purposes. Closing of the Offering is subject to receipt of all necessary corporate and regulatory
approvals, including the approval of the TSX Venture Exchange.
All securities issued in connection with
the Offering will be subject to a hold period of four months plus a day from the date of issuance and the
resale rules of applicable securities legislation.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in the United States. The securities have not been and will not be registered under the United
States Securities Act of 1933, as amended (the "
U.S. Securities Act
") or any state securities laws and
may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption from such registration is available.
ABOUT C3 METALS INC.
C3 Metals Inc. is a junior minerals exploration company focused on creating substantive value for its
shareholders through the discovery and development of large copper and gold deposits.
The Company's
holds the Jasperoide project is located in the prolific high-grade Andahuaylas-Yauri Porphyry-Skarn belt
of Southern Peru and covers 26,800 hectares.
Mineralization at Jasperoide is hosted in a similar
geological setting to the nearby major mining operations at Las Bambas (MMG), Constancia (Hudbay)
and Antapaccay (Glencore).
C3 Metals also holds a 100% interest in five licenses covering 20,700
hectares of highly prospective copper-gold terrain within the Crawle River-Rio Minho Fault Porphyry and
Epithermal District in Jamaica, where mining history dates to the 1500s and 1800s when Spanish and
British mining companies targeted high grade copper in veins.
The Company also holds a 2% royalty in
Tocvan's Rogers Creek project.
For further information please contact:
Dan Symons
President and CEO
+1 416 716 6466
Website:
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 contains forward-looking information which is not comprised of historical facts.
Forward-looking information is characterized by words such as "plan", "expect", "project", "intend",
"believe", "anticipate", "estimate" and other similar words, or statements that certain events or
conditions "may" or "will" occur. Forward-looking information involves risks, uncertainties and other
factors that could cause actual events, results, and opportunities to differ materially from those
expressed or implied by such forward-looking information. Factors that could cause actual results to
differ materially from such forward-looking information include, but are not limited to, changes in the
state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required
regulatory or governmental approvals, and other risks involved in the mineral exploration and
development industry, including those risks set out in the Company's management's discussion and
analysis as filed under the Company's profile at
www.sedar.com
. Forward-looking information in this
news release is based on the opinions and assumptions of management considered reasonable as of
the date hereof, including that all necessary governmental and regulatory approvals will be received
as and when expected. Although the Company believes that the assumptions and factors used in
preparing the forward-looking information in this news release are reasonable, undue reliance should
not be placed on such information. The Company disclaims any intention or obligation to update or
revise any forward-looking information, other than as required by applicable securities laws.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/161217