Canada One Provides Update ON Private Placement
CANADA ONE MINING CORP.
Suite 250, 750 West Pender Street
Vancouver, British Columbia, V6C 2T7
CANADA ONE PROVIDES UPDATE ON PRIVATE PLACEMENT
Vancouver, B.C., August 17, 2023 - Canada One Mining Corp. (“Canada One” or the “Company”)
(TSXV: CONE) announces that it is continuing to progress with its non-brokered private
placement (the “ Offering”) of up 18,000,000 units (each, a “ Unit”), at a price of $0.10 per
Unit, for gross proceeds of up to $1,800,000. Each Unit will consist of one common share
of the Company and one-half-of-one common share purchase warrant (each whole warrant,
a “Warrant”). Each Warrant will entitle the holder to purchase one common share of the
Company at a price of $0.15 for a period of thirty-six months from the closing date of the
Offering, subject to accelerated expiry in the event the closing price of the common shares
on the TSX Venture Exchange is $0.25 or greater for a period of five consecutive trading
days.
The net proceeds raised from the Offering will continue to be used to advance exploration
and development of the Copper Dome Project located south of Princeton, British Columbia,
as well as to retire existing liabilities and payables and for general working capital purposes.
Subject to compliance with applicable regulatory requirements and in accordance with
National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), a portion of the Offering
is being made to purchasers resident in Canada, except Quebec, pursuant to the listed
issuer financing exemption under Part 5A of NI 45-106 (the “ Listed Issuer Financing
Exemption”). The balance of the Offering will be made to purchasers pursuant to the
accredited investor exemption under Part 2 of NI 45-106 (the “ Accredited Investor
Exemption”).
The securities offered under the Listed Issuer Financing Exemption will not be subject to a
hold period in accordance with applicable Canadian securities laws. The securities offered
under the Accredited Investor exemption will be subject to a hold period of four-months-and-
one-day following issuance in accordance with applicable Canadian securities laws. A
revised offering document related to the Offering and Listed Issuer Financing Exemption will
be filed by the Company, and will be accessible under the Company’s profile at
www.sedar.com and on the Company’s website at: www.canadaonemining.com.
Prospective investors should read this offering document before making an investment
decision.
The Company may pay finders’ fees to eligible parties who have assisted in introducing
subscribers to the Offering. Closing of the Offering remains subject to the approval of the
TSX Venture Exchange.
For further information, interested parties are encouraged to visit the Company’s website at
(www.canadaonemining.com) or contact the Company at [email protected].
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 planned exploration and development of the
Copper Dome Project and the intended use of the proceeds from the Offering. 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.