Canada One Announces Extension of Private Placement
#250 – 750 West Pender St. Vancouver, British Columbia, V6C 2T7
CANADA ONE ANNOUNCES EXTENSION OF PRIVATE PLACEMENT
Vancouver, B.C., October 23, 2024 - Canada One Mining Corp. (“Canada One” or the
“Company”) (TSXV: CONE) (OTC: COMCF) (FSE: AU31) announces that it has
extended the closing of its private placement (the “Financing”), previously announced on
July 9th and September 17th, 2024. The closing of the Financing has now been extended
to December 10th, 2024.
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 policie s of
the TSXV and applicable securities laws.
The Financing is subject to customary closing conditions, including, but not limited to, the
receipt of all necessary approvals including the approval of the TSXV.
About Canada One
Canda One is a premier resource exploration company operating in Canada. From
exploration to discovery to resource development, the Company is focused on creating
growth and generating value for its investors and communities as it meets the growing
global demand for critical metals. Copper Dome is the Company’s flagship project with its
northern border situated 1.5kms from Hudbay Mineral’s Copper Mountain Mine deposits.
For further information, interested parties are encouraged to visit the Company’s website
at www.canadaonemining.com, or contact the Company by email at [email protected],
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
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 b y 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 anticipated timing thereof and the intended use of proceeds. Actual future results may differ mate rially.
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 da te 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 Ven ture
Exchange) accepts responsibility for the adequacy or accuracy of this release.