First Legacy Mining Completes IPO and Announces Listing ON the TSX Venture Exchange
FIRST LEGACY MINING COMPLETES IPO AND
ANNOUNCES LISTING ON THE TSX VENTURE EXCHANGE
Vancouver, British Columbia – January 19, 2018: First Legacy Mining Corp. (the “Company”)
is pleased to announce that it has completed its initial public offering (“IPO”) of 4,000,000 common
shares, at a price of $0. 15 per share (the “Issue Price”), for aggregate gross proceeds of $ 600,000.
The TSX Venture Exchange (the “ TSXV”) has accepted the Co mpany’s listing application as of
January 18, 201 8 (the “ Listing Date ”) and the Company’s common shares (the “ Shares”) are
expected to commence trading on the TSXV on or about January 23, 2018 under the trading symbol
“FLM”.
PI Financial Corp. (the “Agent”) acted as exclusive agent in respect of the IPO on a commercially
reasonable efforts basis. The IPO consisted of the distribution of 4,000,000 Shares at the Issue Price.
Pursuant to the IPO, the Agent received a cash commission and an aggregate of 400,000 non-
transferable compensation options entitling the Agent and members of its selling group to purchase
400,000 Shares at $0.25 per Share at any time until January 19, 2020. The Agent also received a
corporate finance fee.
The net proceeds of the IPO will primarily be used to fund the acquisition of and exploration
expenditures on the the 29 mineral claims comprising a total of approximately 1,626.08 hectares,
located in the Township of Duplessis, approximately 215km north -east of Val -d’Or, Québec (the
“Lac Burge Property”) which the Company has under option from La Croix Mineral Exploration
Ltd., as well as general and administrative costs for the next twelve months, and for general working
capital requirements.
As a result of the closing of the I PO, the Company now has 12,950,000 Shares issued and
outstanding, of which 4,500,000 Shares are subject to escrow, to be released 10% on the Listing Date
with an additional 15% released every six months over a 36 -month period. An additional 2,800,000
Shares are subject to resale restrictions under the TSXV seed share resale matrix, to be released 20%
on the Listing Date with an additional 20% released every month thereafter over a four-month period.
Additional information on the Company, the IPO and the Lac Burge Property, can be found in the
Company’s amended and restated final long form prospectus dated October 31, 2017 as filed on
SEDAR at www.sedar.com.
About First Legacy Mining Corp .: First Legacy Mining Corp. is a mineral exploration company
focused on the acquisition, exploration and development of mineral resource properties. The
Company has an option to acquire a 100% interest and title to the Lac Burge Property located in the
Township of Duplessis, approximately 215km north-east of Val-d’Or, Québec.
Contact Information - For more information, please contact:
Max Sali, Chief Executive Officer
Tel: (604) 367-8117
Email: [email protected]
The securities offered pursuant to the IPO 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 absent registration or an available exemption
from the registration requirement 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 s hall
there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would
be unlawful.
Forward-Looking Statements
This press release contains “forward‐looking information” within the meaning of Canadian securities la ws,
which may include, but are not limited to statements relating to the date of first trading in the Company’s
Shares and its future business plans. All statements in this release, other than statements of historical facts,
that address events or developm ents 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”, “inten ds”, “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 materially from those in the forward -looking statements. Factors that could
cause the actual results to differ materially from those in forward -looking statements include regulatory
actions, fluctuations in metal and commodity prices, market prices, failure to obtain permits, and continued
availability of capital and financing, and general economic, market or business conditions. In particular, there
is no guarantee that exploration work, as proposed, or otherwise, will be completed on the Lac Burge
Property. 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 amended and
restated final long form prospectus dated October 31, 2017 and filed under the Company’s profile on SEDAR
at www.sedar.com. The Company does not undertake to update forward ‐looking statement s or forward ‐
looking information, except as required by law. Investors are cautioned that any such statements are not
guarantees of future performance and actual results or developments may differ materially from those
projected in the forward-looking statements. There can be no assurance that any forward-looking statements
or information will prove to be accurate as actual results and future events could differ materially from those
anticipated in such statements or information. Accordingly, readers should not place undue reliance on
forward-looking statements or information. Except as required by applicable securities laws, the Company
undertakes no obligation to update these forward-looking statements in the event that management’s beliefs,
estimates or opinions, or other factors, should change.
Neither 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.