1844 Announces Second and Final Closing of Non-Brokered Private Placement
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For Immediate Release
1844 ANNOUNCES SECOND AND FINAL CLOSING OF NON-BROKERED PRIVATE PLACEMENT
SASKATOON, Saskatchewan, July 09, 2021 (GLOBE NEWSWIRE) -- 1844 RESOURCES
Inc. (TSX-V:EFF) (the “Company” or “1844”) announces further to its news releases of June
24 and June 30, 2021, that it has closed the second tranche of the non-brokered private
placement of common shares in the capital of the Company (the “Shares”) at $0.05 per Share
(the “Offering”) by the issuance of 2,500,000 Shares for gross proceeds of $125,000.
Management and insider have participated for 8% of the second closing of the Offering.
In connection with the second closing of the Offering, the Company didn’t pay any finders' fees
in cash or issued non-transferable share purchase warrants. The securities issued under
closing are subject to a four months and a day hold period ending November 10, 2021.
The Company has raised a total proceed of $500,000, for a total of 10,000,000 shares issued
under the Offering. Management and insiders have participated for 8% of the total Offering.
The net proceeds received from the Offering will be used by the Company for exploration
expenditure in the Province of Quebec and for general working capital.
About 1844 Resources Inc.: 1844 is an exploration company with a focus in strategic and
energetic metals and underexplored regions “Gaspé, Chibougamau Québec”. With a
dedicated management team, the Company’s goal is to create shareholder value through the
discovery of new deposits.
1844 RESOURCES INC.
(signed) “Sylvain Laberge”
Sylvain Laberge
President and CEO
514.702.9841
Slaberge@1844 resources.com
FORWARD LOOKING INFORMATION
Press-release 20-10
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Some of the statements contained in this press release are forward-looking statements and
information within the meaning of applicable securities laws. Forward-looking statements and
information can be identified by the use of words such as “expects”, “intends”, “is expected”,
“potential”, “suggests” or variations of such words or phrases, or statements that certain
actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or
be achieved. Forward-looking statements and information are not historical facts and are
subject to a number of risks and uncertainties beyond the Company’s control. Actual results
and developments are likely to differ, and may differ materially, from those expressed or
implied by the forward-looking statements contained in this news release. Accordingly, readers
should not place undue reliance on forward-looking statements. The Company undertakes no
obligation to update publicly or otherwise revise any forward-looking statements, except as
may be required by law.