Colossus Resources Announces Closing of First Tranche of Non-Brokered Private Placement Financing _____________________________________________________________
Colossus Resources Announces Closing of First Tranche
of Non-Brokered Private Placement Financing
_____________________________________________________________
(TSX-V: CLUS) For Immediate Release
April 17, 2024
VANCOUVER, BRITISH COLUMBIA – Colossus Resources Corporation (“Colossus” or the "Company") (TSX
Venture Exchange: CLUS) today announced it has completed the first tranche of its previously announced
non-brokered private placement by the issuance of 1,575,000 units (the “Units”) at a price of $0.16 per Unit
for aggregate gross proceeds of $252,000.00 (the “Offering”). Each Unit is comprised of one (1) common
share and one-half of one (1/2) common share purchase warrant, with each whole warrant entitling the
holder to purchase one additional common share at a price of $0.30 for 24 months from closing of the
Offering.
The Units, common shares, share purchase warrants, and shares issued upon exercise of the share purchase
warrants are subject to a four month hold period, expiring August 18, 2024.
The proceeds of the first tranche will be used to pay annual property fees in Chile and for working capital.
About Colossus Resources Corp.
Colossus Resources is a relatively young junior mineral exploration company focused on maximizing
shareholder value through the acquisition, discovery and advancement of high-quality copper – gold projects
in the Americas.
ON BEHALF OF THE BOARD OF DIRECTORS
“Harry Katevatis”
CEO & Director
Colossus Resources Corp.
For more information contact Ioannis (Yannis) Tsitos, Technical Director of Colossus Resources Corp.
Neither 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.
Forward Looking Statements
Certain of the statements made and information contained herein may contain forward- looking information
within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not
limited to, information concerning the Company's intentions with respect to the development of its mineral
properties. Forward-looking information is based on the views, opinions, intentions and estimates of
management at the date the information is made, and is based on a number of assumptions and subject to
a variety of risks and uncertainties and other factors that could cause actual events or results to differ
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TSX-V
materially from those anticipated or projected in the forward-looking information (including the actions of
other parties who have agreed to do certain things and the approval of certain regulatory bodies). Many of
these assumptions are based on factors and events that are not within the control of the Company and there
is no assurance they will prove to be correct. There can be no assurance that forward-looking information
will prove to be accurate, as actual results and future events could differ materially from those anticipated in
such information. The Company undertakes no obligation to update forward-looking information if
circumstances or management's estimates or opinions should change except as required by applicable
securities laws, or to comment on analyses, expectations or statements made by third parties in respect of
the Company, its financial or operating results or its securities. The reader is cautioned not to place undue
reliance on forward-looking information.