C3 Metals Announces Upsize of Bought Deal Private Placement to C$18 Million
161 Bay Street, 27th Floor, Toronto, Ontario, Canada M5J 2S1 | +1 416 572 2510 | c3metals.com
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
C3 Metals Announces Upsize of Bought Deal Private Placement to C$18 Million
TORONTO, ONTARIO – October 21, 2021 - C3 Metals Inc. (TSXV: CCCM) (“C3 Metals” or the “Company”)
is pleased to announce that it has entered into an amended agreement with a syndicate of underwriters
led by Canaccord Genuity Corp., pursuant to which the underwriters have agreed to increase the size of
the previously announced bought deal private placement.
The underwriters have agreed to purchase 94,736,900 common shares (the “Shares”) on a bought deal
private placement basis (the “ Offering”). The Shares will be sold at a price of C$0. 19 per Share (the
“Offering Price”) for aggregate gross proceeds of C$18,000,011.
The Company has also granted the underwriters an option to cover over -allotments (the “Underwriters’
Option”), which will allow the underwriters to purchase up to an additiona l 15,789,500 Shares at the
Offering Price for additional gross proceeds of up to C $3,000,005. The Underwriters’ Option may be
exercised in whole or in part at any time prior to the closing date of the Offering.
The Offering is expected to close on or about November 9, 2021, or such other date as agreed between
the Company and the underwriters, and is subject to certain conditions including, but not limited to, the
receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange
(“TSXV”).
The Company has agreed to pay a cash commission of 6.0% of the gross proceeds of the Offering and will
issue to the u nderwriters compensation warrants (the “ Compensation Warrants”) equal to 6.0% of the
number of Shares sold under the Offering, other than in respect of a maximum of C$750,000 in aggregate
proceeds of Shares issued to certain purchasers under a president’s list, in which case only a cash fee of
3.0% will be payable. The Compensation Warrants will be exercisable into common shares of the Company
at a price per Compensation Warrant equal to the Offering Price for a period of 24 months from the closing
of the Offering. Gross proceeds of the Offering will be used to expand the drill program at the Company’s
100% owned Jasperoide high-grade copper-gold skarn property in Peru and to undertake a maiden drill
program at the Company’s Bellas Gate property in Jamaica and for general working capital and corporate
purposes.
This news release does not constitute an offer to sell or a solicitation of an offer to sell 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.
- 2 -
For additional information, contact:
Kevin Tomlinson
President & CEO
Alec Rowlands
Vice President, Investor Relations
+1 416 572 2512
ABOUT C3 METALS INC.
C3 Metals Inc. is a Canadian -based exploration company focused on the discovery and development of
large copper-gold deposits with properties in Peru, Jamaica and Canada.
The Company’s flagship project is the Jasperoide high-grade copper -gold skarn and porphyry system
located in the prolific Andahuaylas -Yauri Mineral Belt of southern Peru. Mineralization at Jasperoide is
hosted in a similar geological setting to nearby major mining operations at Las Bambas (MMG), Constancia
(Hudbay) and Antapaccay (Glencore). Drilling commenced in February 2021, returning high-grade copper-
gold mineralization over significant thicknesses. The ongoing program has been expanded to test multiple
geophysical targets.
In Jamaica, the Company’s 100% interest licenses cover 207 km2 of highly prospective copper-gold terrain
where multiple porphyries have been delineated. The Company is advancing fieldwork on new areas of
interest. In Canada, C3 Metals holds a 100% interest in the 91 km 2 Mackenzie porphyry copper -gold
project within the Cascade Magmatic Arc in southwestern British Columbia.
Related Link: 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. No stock exchange, securities
commission or other regulatory authority has approved or disapproved the information contained herein.
Caution Regarding Forward Looking Statements
Certain statements contained in this press release constitute forward -looking information. These
statements relate to future events or future performance. The use of any of the words "could", "intend",
"expect", "believe", "wi ll", "projected", "estimated" and similar expressions and statements relating to
matters that are not historical facts are intended to identify forward -looking information and are based
on C3 Metal’s current belief or assumptions as to the outcome and timing of such future events. Actual
future results may differ materially. In particular, this release contains forward -looking information
relating to, among other things, the use of proceeds from the Of fering, the listing of the Shares of C3
Metals on the TSXV and exercise of the Underwriters Option. Various assumptions or factors are typically
applied in drawing conclusions or making the forecasts or projections set out in forward -looking
information. Those assumptions and factors are based on information currently available to C3 Metals.
Although such statements are based on reasonable assumptions of C3 Metals’ management, there can be
no assurance that any conclusions or forecasts will prove to be accurate.
The forward-looking information contained in this release is made as of the date hereof, and C3 Metals is
not obligated to update or revise any forward -looking information, whether as a result of new
information, future events or otherwise, except as required by applicable securities laws. Because of the
risks, uncertainties and assumptions contained herein, investors should not place undue reliance on
- 3 -
forward-looking information. The foregoing statements expressly qualify any forward-looking information
contained herein.