Madison Metals Proposes Strategic Private Placement of Units
Madison Metals Proposes Strategic Private Placement of Units
TORONTO, ON – December 4, 2023 – Madison Metals Inc. (“Madison” or the “Company”)
(CSE: GREN) (OTCQB: MMTLF ) is pleased to announce a private placement of units (the
“Units”) at a price of CDN$0.40 per unit for aggregate gross proceeds of up to CDN$500,000.
Each Unit will consist of one common share in the capital of the Company and one-half of one
common share purchase warrant (each whole common share purchase warrant, a “Warrant”)
with each Warrant entitling the holder thereof to purchase one common share of the
Company at a price of CDN$0.60 for up to 12 months.
It is anticipated that the proceeds from the private placement will be used for exploration on
the Company’s properties and for general working capital.
All securities issued pursuant to the private placement described above will be subject to a
four-month and one-day hold period.
About Madison Metals Inc.
Madison Metals Inc. (CSE: GREN) (OTCQB: MMTLF) is an upstream mining and exploration
company focused on sustainable uranium production in Namibia and Canada. With over 50
years of mining experience, including 22 years in Namibia, its management team has
geological and financial expertise and a track record of creating shareholder value.
Additional information about Madison Metals Inc. can be found at madisonmetals.ca and on
the Company’s SEDAR+ profile at www.sedarplus.ca.
For further information, please contact:
Duane Parnham
Executive Chairman & CEO
Madison Metals Inc.
+1 (416) 489-0092
Media inquiries:
Adam Bello
Manager, Media & Analyst Relations
Primoris Group Inc.
+1 (416) 489-0092
Neither the Canadian Securities Exchange nor the Investment Industry Regulatory
Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Forward-looking Statements
This news release contains “forward -looking information” within the meaning of applicable securities laws. All
statements contained herein that are not clearly historical in nature may constitute forward-looking information.
In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”,
“likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the
negative of these terms, or other similar words, expressions, and gr ammatical variations thereof, or statements
that certain events or conditions “may” or “will” happen, or by discussions of strategy. Forward -looking
information contained in this press release includes, but is not limited to, statements relating to the ter ms and
timing of the private placement described in this press release.
Where the Company expresses or implies an expectation or belief as to future events or results, such expectation
or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions
include, without limitation, that: the Company will receive all necessary approval required in order to complete
the issuance of the securities pursuant to the private placement described in in this press release; and that there
will be sufficient interest from potential investors in ord er to complete the private placement on the terms as
described herein or at all.
However, forward-looking statements are subject to risks, uncertainties, and other factors, which could cause
actual results to differ materially from future results expressed, projected, or implied by such forward -looking
statements. Such risks include, but are not limited to, the risk that the Company will not be able to proceed with
the issuance of units on the terms described in this press release or at all.
Accordingly, undue reliance should not be placed on forward -looking statements and the forward -looking
statements contained in this press release are expressly qualified in their entirety by this cautionary statement.
The forward-looking statements contained herein are made as at the date hereof and are based on the beliefs,
estimates, expectations, and opinions of management on such date. The Company does not undertake any
obligation to update publicly or revise any such forward -looking statements or any f orward-looking statements
contained in any other documents whether as a result of new information, future events or otherwise or to explain
any material difference between subsequent actual events and such forward -looking information, except as
required under applicable securities law. Readers are cautioned to consider these and other factors, uncertainties,
and potential events carefully and not to put undue reliance on forward-looking information.