Canada One Announces $750,000 Private Placement
Canada One Announces $750,000 Private
Placement
Vancouver, British Columbia--(Newsfile Corp. - July 9, 2024) -
Canada One Mining Corp
.
(TSXV:
CONE) (OTC Pink: COMCF)
("
Canada One
" or the "
Company
") is pleased to announce a non-
brokered private placement (the "
Private Placement
") consisting of up to 37,500,000 units of the
Company, (each, a "
Unit
"), at a price of $0.02 per Unit.
Each Unit will consist of one (1) common share in the capital of the Company (each, a "
Common
Share
") and one (1) whole Common Share purchase warrant (each, a "
Warrant
"). Each Warrant will be
exercisable into one (1) Common Share (each, a "
Warrant Share
") at a price of $0.05 per Warrant
Share for a period of three (3) years after the closing date of the Private Placement (the "
Closing
Date
").
The Company intends to use the net proceeds of the Private Placement to fund its exploration and
development of the Company's properties, extinguish liabilities and payables and for general
administrative and working capital expenses. It is estimated that up to 10% of the net proceeds may be
used to pay investor relations or market making services. It is also estimated that up to 10% of the net
proceeds may be used to pay non-arms length parties. The Company may pay finder's fees as permitted
by the policies of the TSXV and applicable securities laws.
The Private Placement is expected to close on or about August 23
rd
, 2024, subject to customary closing
conditions, including, but not limited to, the receipt of all necessary approvals including the approval of
the TSXV.
The Company's previously announced private placement on April 15, 2024 has been cancelled.
The Company also wishes to correct the terms of its CM1 copper property (the "Property") option first
announced October 26, 2023. The work expenditure requirements on the Property are as follows:
i
.
incur $30,000 in expenditures on the Property before October 15, 2024;
ii
.
incur a further $75,000 in expenditures on the Property before October 15, 2025; and
iii
.
incur a further $100,000 in expenditures on the Property before October 15, 2026.
For further information, interested parties are encouraged to visit the Company's website at
www.canadaonemining.com
, or contact the Company by email at
, or by phone at
1.877.844.4661.
On behalf of the Board of Directors of
CANADA ONE MINING CORP.
Peter Berdusco
President and Chief Executive Officer
1 877 844 4661
Forward-Looking Statements
This press release includes certain "forward-looking information" and "forward-looking statements"
(collectively "forward-looking statements") within the meaning of applicable Canadian securities
legislation. All statements, other than statements of historical fact, included herein, without limitation,
statements relating to the future operating or financial performance of the Company, are forward
looking statements. Forward-looking statements are frequently, but not always, identified by words
such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar
expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur
or be achieved. Forward-looking statements in this press release relate to, among other things:
statements relating to the successful closing of the Offering and anticipated timing thereof and the
intended use of proceeds. Actual future results may differ materially. There can be no assurance that
such statements will prove to be accurate, and actual results and future events could differ materially
from those anticipated in such statements. Forward looking statements reflect the beliefs, opinions
and projections on the date the statements are made and are based upon a number of assumptions
and estimates that, while considered reasonable by the respective parties, are inherently subject to
significant business, technical, economic, and competitive uncertainties and contingencies. Many
factors, both known and unknown, could cause actual results, performance or achievements to be
materially different from the results, performance or achievements that are or may be expressed or
implied by such forward-looking statements and the parties have made assumptions and estimates
based on or related to many of these factors. Such factors include, without limitation: the timing,
completion and delivery of the referenced assessments and analysis. Readers should not place
undue reliance on the forward-looking statements and information contained in this news release
concerning these times. Except as required by law, the Company does not assume any obligation to
update the forward-looking statements of beliefs, opinions, projections, or other factors, should they
change, except as required by law.
TSX Venture Exchange Disclaimer
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/216029