Capitalight Announces Private Placement – Director Takes Lead Order of $1 Million
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CAPITALIGHT ANNOUNCES PRIVATE PLACEMENT –
DIRECTOR TAKES LEAD ORDER OF $1 MILLION
Toronto, Ontario – August 7, 2024
IC Capitalight Corp. ("Capitalight" or the “Company”) (Canadian Securities Exchange: IC) is
pleased to announce its intention to raise up to an aggregate of $2,000,000 via the issuance of Common
shares in the capital of the Company (“Common Shares”) and flow-through shares (the “Offerings”).
Exploration geoscientist and Capitalight director, Douglas MacQuarrie, is the lead buyer for the Offerings.
Capitalight intends to use the net proceeds of the LIFE Offering (as defined below) for onsite work at its
100% owned Blue Lake exploration project (the “ Blue Lake Copper Project ”) and for general working
capital purposes as set out in the Offering Document (as defined below) related to the LIFE Offering.
Assuming both the minimum and maximum amounts raised under the FT Offering (as defined below), the
proceeds will be used to incur exploration expenses on the Blue Lake Copper Project.
Further information can be found about the Blue Lake Copper Project on the Company’s website at
www.capitalight.co., on our recent online management presentation LINKED HERE , in our 7% copper
assay press release LINKED HERE, and our press release about 702 recently staked claims on a copper
anomaly LINKED HERE.
LIFE Offering
A portion of the Offering will be conducted pursuant to the issuance of a minimum of 5,000,000 Common
Shares and a maximum of up to 12,500,000 Common Shares (the "LIFE Offering") at a price of $0.08 per
Common Share. The LIFE Offering is subject to a minimum subscription amount of $1,000.
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument
45-106 - Prospectus Exemptions ("NI 45-106"), the LIFE Offering is being made to purchasers resident in
each of the Provinces of Canada, pursuant to the listed issuer financing exemption under Part 5A of NI 45-
106 (the "Exemption"). The securities offered under the Exemption will not be subject to a hold period in
accordance with applicable Canadian securities laws. There is an offering document (the " Offering
Document") related to the LIFE Offering that can be accessed under the Company's profile at
www.sedarplus.ca and on the Company's website at www.capitalight.co. Prospective investors should read
the Offering Document before making an investment decision.
Douglas MacQuarrie has committed to purchase 5,000,000 Common Shares under the LIFE Offering.
Interested purchasers can click HERE to learn more about the LIFE Offering.
FT Offering
A portion of the Offering will be conducted pursuant to the issuance of a minimum of 5,000,000 and up to
a maximum of 10,000,000 Common shares in the capital of the Company which qualify as “flow -through
shares” within meaning of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Quebec)
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(“FT Shares”) at a price of $0.10 per FT Share (the “FT Offering”) to certain insiders and other purchasers
pursuant to non-LIFE exemptions under NI 45-106 including accredited investors, plus family, friends and
business associates, and to existing shareholders of the Company and to investors who have received
investment advice in reliance on BC Instrument 45-534 Exemption from prospectus requirement for certain
trades to existing security holders and the corresponding blanket orders and rules in the other Canadian
jurisdictions (collectively, the " Existing Security Holder Exemption"). The Existing Security Holder
Exemption is available in each of the provinces and territories of Canada to a person who became a
shareholder of the Company on or before August 6, 2024 and continues to be a shareholder of the Company,
subject to a maximum investment of $15,000 using the Existing Security Holder Exemption in a 12-month
period unless the shareholder has obtained advice regarding the suitability of the investment from a person
registered as an investment dealer in the shareholder’s jurisdiction. As requ ired by the Existing Security
Holder Exemption, the Company confirms there is no material fact or material change relating to the
Company that has not been generally disclosed. The FT Offering is subject to a minimum subscription
amount of $5,000 and the FT Shares will be subject to a four month and one day hold period following the
Closing Date.
If the FT Offering is oversubscribed, unless the Company determines to increase the maximum gross
proceeds of the FT Offering, the Company will allocate the FT Shares issued under the FT Offering to those
subscribers whose subscriptions were first received by the Company. A subscription will be deemed to be
received when a completed subscription agreement, together with payment of the subscription amount has
been received and accepted by the Company.
Douglas MacQuarrie has committed to purchase 6,000,000 FT Shares. Interested purchasers can click
HERE to learn more about the FT Offering.
Capitalight CEO Brian Bosse is pleased to report: “Today’s news is a confirmation of the confidence which
Capitalight’s board has in the future development of our large -scale Blue Lake Copper Project. On
completion of the Offerings, Capitalight’s board members will in the aggregate continue to own nearly 50%
of the then issued capital”.
The Offerings are expected to close on or about September 20 , 2024, or such other date or dates as the
Company may determine. Completion of the LIFE Offering is not conditional upon the completion of the
FT Offering, or vice versa.
The Offerings are available to purchasers resident in Canada, the United States or countries other than the
United States and Canada. The securities of the Company have not been, and will not be, registered under
the U.S. 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 absent registration or an available exemption from the
registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press
release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there by any sale
of the securities referenced in this press release, in any jurisdiction in which such offer, solicitation or sale
would be unlawful.
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES.
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About Capitalight
IC Capitalight Corp. provides shareholders with long-term capital growth exposure by investing in mineral
exploration properties and other related assets. The Company is listed on the CSE under the symbol “IC".
To learn more about the Company please visit http://www.capitalight.co
Brian Bosse
Director and Chief Executive Officer
IC Capitalight Corp.
4168445712
Forward-Looking Information
Forward-Looking Statement (Safe Harbor Statement): This press release contains forward -looking
statements within the meaning of applicable securities laws. The use of any of the words "anticipate",
"plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict",
"potential" and similar expressions are intended to identify forward -looking statements. In particular, this
press release contains forward -looking statements concerning the Offerings, including the size of the
Offerings and the proceeds thereof, the proposed use of proceeds and the closing date of the Offerings.
Although the Company believes that the expectations and assumptions on which the forward-looking
statements are based are reasonable, undue reliance should not be placed on the forward-looking statements
because the Company cannot give any assurance that they will prove correct. Since forward -looking
statements address future events and conditions, they involve inherent assumptions, risks and uncertainties.
Actual results could differ materially from those currently anticipated due to a number of assumptions,
factors and risks, many of which are beyond the Company's ability to control or predict. Factors that could
cause actual results or events to differ materially from current expectations include, but are not limited to,
conditions in the equity financing markets, stock market volatility, unquantifiable risks related to
government actions and interventions, the termination of any agreement governing the O fferings, changes
in laws or permitting requirements, failure to obtain necessary regulatory approvals as well as those risks
identified in the Company's annual Management Discussion & Analysis.
Management has provided the above summary of risks and assumptions related to forward-looking
statements in this press release in order to provide readers with a more comprehensive perspective on the
Company's future operations. The Company's actual result s, performance or achievement could differ
materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no
assurance can be given that any of the events anticipated by the forward-looking statements will transpire
or occur, or if any of them do so, what benefits the Company will derive from them. These forward-looking
statements are made as of the date of this press release, and, other than as required by applicable securities
laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements,
whether as a result of new information, future events or results or otherwise.