First Legacy Mining Corp. Closes Private Placement
FIRST LEGACY MINING CORP. CLOSES PRIVATE PLACEMENT
Vancouver, British Columbia – September 27, 2018: First Legacy Mining Corp. (the “Company”) (TSX-V: FLM)
is pleased to announce that further to its news releases on August 31, 2018, September 18, 2018 and September 19,
2018, it has closed a non-brokered private placement of 3,823,333 units (each a “Unit”) for total gross proceeds of
$573,500 (the “Private Placement”). As previously disclosed, each Unit was priced at $0.15 and is comprised of
one common share and one common share purchase warrant (“Warrant”). Each Warrant is exercisable to purchase
one common share of the Company at a price of $0.30 per share for a period of 24 months from the closing date.
The securities issued pursuant to the Private Placement are subject to a four month hold period from the closing date
in accordance with applicable Canadian securities laws . Pursuant to the closing of the Private Placement , the
Company paid a cash finder’s fee commission to qualified non-related parties of $16,362.50.
As previously disclosed, the proceeds from this financing will be used for exploration on the Company’s properties
and for general working capital purposes.
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.
Contact Information - For more information, please contact:
Max Sali, Chief Executive Officer
Tel: (604) 367-8117
Email: [email protected]
Cautionary Statement Regarding “Forward-Looking” Information.
This news release includes certain statements that constitute “forward -looking information” within the meaning of applicable
securities law, including without limitation, statements that address the Lac Burge property and the Geiger North Property,
comments regarding the timing and content of upcoming work programs, and other statements relating to the business prospects
of the Company.
Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and
assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of
amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect
to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, bu t not
always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”,
“plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be
taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and may
be forward-looking statements. Forward-looking statement are necessarily based upon a number of factors that, if untrue, could
cause the actual results, performances or achievements of the Company to be materially different from future results,
performances or achievements express or implied by such statements. Such statements and information are based on numerous
assumptions regarding present and future business strategies and the environment in which the Company will operate in the
future, including the price of metals, anticipated costs and the ability to achieve goals, that general business and economic
conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable
terms, and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the
Company’s planned exploration activities will be available on reasonable terms and in a timely manner . While such estimates
and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant
business, economic, competitive and regulatory uncertainties and risks.
Forward-looking statements are subject to a variety of risks and uncertainties, which could cause actual events, level of activity,
performance or results to differ materially from those reflected in the forward-looking statements, including, without limitation:
(i) risks related to gold, copper and other commodity price fluctuations; (ii) risks and uncertainties relating to the interpretation
of exploration results; (iii) risks related to the inherent uncertainty of explorati on and cost estimates and the potential for
unexpected costs and expenses; (iv) that resource exploration and development is a speculative business; (v) that the Company
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may lose or abandon its property interests or may fail to receive necessary licences a nd permits; (vi) that environmental laws
and regulations may become more onerous; (vii) that the Company may not be able to raise additional funds when necessary;
(viii) the possibility that future exploration, development or mining results will not be c onsistent with the Company’s
expectations; (ix) exploration and development risks, including risks related to accidents, equipment breakdowns, labour disputes
or other unanticipated difficulties with or interruptions in exploration and development; (x) com petition; (xi) the potential for
delays in exploration or development activities or the completion of geologic reports or studies; (xii) the uncertainty of
profitability based upon the Company’s history of losses; (xiii) risks related to environmental regulation and liability; (xiv) risks
associated with failure to maintain community acceptance, agreements and permissions (generally referred to as “social
licence”), including local First Nations; (xv) risks relating to obtaining and maintaining all necessar y government permits,
approvals and authorizations relating to the continued exploration and development of the Company’s projects; (xvi) risks related
to the outcome of legal actions; (xvii) political and regulatory risks associated with mining and explor ation; (xix) risks related
to current global financial conditions; and (xx) other risks and uncertainties related to the Company’s prospects, properties and
business strategy. These risks, as well as others, could cause actual results and events to vary si gnificantly.
There can be no assurance that economic resources will be discovered or developed at the Lac Burge property or the Geiger
North Project. Accordingly, actual results may differ materially from those currently anticipated in such statements.
Factors that could cause actual results to differ materially from those in forward looking statements include, but are not li mited
to, continued availability of capital and financing and general economic, market or business conditions, the loss of key directors,
employees, advisors or consultants, adverse weather conditions, equipment failures, failure of counterparties to perform their
contractual obligations and fees charged by service providers. Investors are cautioned that forward -looking statements ar e not
guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward -looking
statements due to the inherent uncertainty of such statements. The forward -looking statements included in this news release are
made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward -looking
statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable
securities legislation.
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.