C3 Metals Announces Warrant and Stock Option Exercises
C3 Metals Announces Warrant and Stock
Option Exercises
Toronto, Ontario--(Newsfile Corp. - March 29, 2021) -
C3 Metals Inc.
(TSXV: CCCM) (the "Company")
is pleased to announce that, during the period from mid-January to date, a total of 23,440,751 warrants
and 8,060,000 stock options were exercised resulting in cash proceeds to the Company of
approximately $2.8 million.
These proceeds, in addition to the $7.4 million of gross proceeds raised in
the Company's private placement financing closed on February 18, 2021, have resulted in the Company
currently holding approximately $10.3 million in cash.
Kevin Tomlinson, CEO, commented, "The Company greatly appreciates the vote of confidence from
existing shareholders who have increased their shareholdings through warrant and option exercises.
We
are now fully funded for both our ongoing Phase 1 and planned Phase 2 drilling campaigns at our
Jasperoide, Peru project."
For additional information, contact:
Kevin Tomlinson
President & CEO
+1 647 953-5924
Alec Rowlands
Vice President, Investor Relations
+1 416 572 2510
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
flagship project is the 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 Las
Bambas (MMG), Constancia (Hudbay) and Antapaccay (Glencore).
C3 Metals also holds a 100%
interest in five licenses covering 207 km
2
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
km
2
Stewart Brook gold project in the Meguma gold belt of Nova Scotia.
Related Link:
www.c3metals.com
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.
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, the Company 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
https://www.c3metals.com/disclaimers-and-forward-looking-statements/
.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/78806