Cosa Resources Completes Initial Public Offering and Lists on the Canadian Securities Exchange
Cosa Resources Corp.
(CSE: COSA)
Cosa Resources Completes Initial Public Offering and Lists
on the Canadian Securities Exchange
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
Vancouver, British Columbia, March 18, 2022 (The Newswire) – Cosa Resources Corp.
(CSE: COSA) (“Cosa” or the “Company”) is pleased to announce that it has completed its initial
public offering (the “IPO”) of common shares (the “Shares”) in the capital stock of the Company.
Cosa issued 3,900,000 Shares that were qualified for distribution under its final prospectus dated
February 25, 2022 at a price of $0.15 per Share for gross proceeds of $585,000 to purchasers in
British Columbia, Alberta and Ontario. The net proceeds of the IPO will primarily be used to fund
exploration on the Company’s Heron Property consisting of three non-contiguous mineral claims
covering nearly 11,122 hectares approximately 180 km north of La Ronge, Saskatchewan.
Pursuant to the agency agreement dated February 25, 2022, Haywood Securities Inc.
(“Haywood”) acted as the agent for the IPO on a comm ercially reasonable efforts basis and
received a cash commission, a corporate finance fee and reimbursement of its expenses in
connection with the IPO. Haywood also received 66,666 Shares as part of its corporate finance
fee. In addition, Haywood and members of its selling group received an aggregate of 273,000
compensation warrants to purchase the same number of Shares of the Company at a price of
$0.15 per Share over a 24-month period.
The Company has received approval to list its common shares on the Canadian Securities
Exchange (the “Exchange”) and its Shares will be listed for trading on the Exchange on March
21, 2022 under the stock symbol “COSA”.
Additional information about the Company, the IPO, and the Heron Property, can be found in the
Company’s final long form prospectus dated February 25, 2022 as filed on SEDAR at
www.sedar.com.
The directors and officers of Cosa are Steve Blower, the Chairman and a director; Keith
Bodnarchuk, the Chief Executive Officer and President of the Company and a director; Wes Short,
the Chief Financial Officer and Corporate Secretary of the Company and a director; and Janine
Richardson, a director.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall
there be any sale of, the securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful. the securities described herein have not been and will not be registered under the
United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any U.S. state
securities laws and may not be offered or sold in the United States or to U.S. persons except in
compliance with the registration requirements of the U.S. Securities Act and applicable U.S. state
securities laws or pursuant to an exemption therefrom.
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About the Company
Cosa Resources Corp. is engaged in the acquisition, exploration, and evaluation of mineral
properties. The Company’s Heron Property consists of three non -contiguous mineral claims
covering nearly 11,122 hectares approximately 180 km north of La Ronge, Saskatchewan.
Contact
Wes Short, CFO and Director
250-218-2077
Cautionary Statements
This press release contains “ forward‐looking information or statements ” within the meaning of
Canadian securities laws, which may include, but are not limited to statements relating to the date
of first trading in the Company’s common shares and its future business plans. All statements in
this release, other than statements of historical facts, that address events or developments that
the Company expects to occur, are forward-looking statements. Forward-looking statements are
statements that are not historical facts and are generally, but not always, identified by the words
“expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and
similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur.
Although the Company believes the expectations expressed in such forward-looking statements
are based on reasonable assumptions, such statements are not guarantees of future performance
and actual results may differ from those in the forward-looking statements. Such forward-looking
information reflects the Company’ s views with respect to future events and is subject to risks,
uncertainties and assumptions, including those set out in the Company’s final long form
prospectus dated February 25, 2022 and filed under the Company’ s profile on SEDAR at
www.sedar.com. The Company does not undertake to update forward‐ looking statements or
forward‐looking information, except as required by law.
Neither the Exchange nor its regulation services provider accepts responsibility for the adequacy
or accuracy of this release.