Announce DTC Eligibility & Financing
T - 604.689.7422 F - 604.689.7442 204 – 998 Harbourside Drive North Vancouver, BC V7P 3T2
SENTINEL RESOURCES ANNOUNCES DTC ELIGIBILITY AND
PRIVATE PLACEMENT FINANCING OF $1,000,000
Vancouver, British Columbia, October 8th, 2020 – Sentinel Resources Corp. (CSE: SNL)(US
OTC PINK: SNLRF) (“Sentinel” or the “Company ”) is pleased to announce that its common
shares are now eligible for electronic clearing and settlement through the Depository Trust
Company (“DTC”) in the United States .DTC is a subsidiary of the Depository Trust & Clearing
Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded
companies. Securities that are eligible to be electronically cleared and settled through DTC are
considered to be “DTC eligible”. DTC eligibility is expected to simplify the process of trading and
enhance liquidity of the Company’s common shares in the United States.
“The ability to have the Company’s shares electronically transferred between brokerages in the
United States is significantly more convenient and reduces the costs incurred in trad ing shares,”
said Rob Gamley, President & CEO of Sentinel . “With the Company ’s shares now traded
electronically, existing investors benefit from greater liquidity and execution speeds, while we’ve
also opened the door to new investors that may have been previously restricted from our stock.”
The Company’s common shares are listed for trading on the OTC, a U.S. based securities trading
system, under the symbol “SNLRF”. The Company’s shares will continue to be traded on the
Canadian Securities Exchange (“CSE”) under its existing symbol “SNL”.
Private Placement Financing
Sentinel is also pleased to announce a non-brokered private placement financing of 2,000,000 units
at a price of $0.50 per Unit for total proceeds of $1,000,000 (the “Offering”).
Each Unit under the Offering will consist of one common share and one share purchase warrant
(each a “Warrant”), with each Warrant entitling the holder to purchase one additional share at a
price of $1.00 per share for a period of one year from the d ate of issue. Sentinel has the right to
accelerate the expiry date of the Warrants if, at any time, the average closing price of the
Company’s common shares is equal to or greater than $ 1.25 for 10 consecutive trading days. In
the event of acceleration, the expiry date will be accelerated to a date that is 10 business days after
the Company issues a news release announcing that it has elected to exercise this acceleration
right.
T - 604.689.7422 F - 604.689.7442 204 – 998 Harbourside Drive North Vancouver, BC V7P 3T2
The Company may pay a finders fee under the Offering. The securities issued under the Offering
will be subject to restrictions on resale for a period of four months from the date of issue.
The proceeds of the Offering will be used to carry out Sentinel’s exploration program on its mineral
properties.
About Sentinel Resources
Sentinel Resources is a Canadian -based exploration company focused on the acquisition and
exploration of precious metals projects with world -class potential. Its current portfolio includes
gold and silver projects located in New South Wales, Australia, Peru and British Columbia. The
Company’s guiding principles are based on acquiring strategic exploration properties in mining -
friendly jurisdictions with historical mining industries, low -cost of entry or acquisition, and easy
access to infrastructure to minimize capital and opera tional costs in explorational periods. For
more information, please go to the Company’s website at www.sentinelexp.com.
Sentinel Resources Corp.
“Rob Gamley”
President and Chief Executive Officer
Corporate Inquiries:
Rob Gamley, President & CEO
Company Website: www.sentinelexp.com
Phone: 604-689-7422
Email: [email protected]
Forward-Looking Statements
Information set forth in this news release contains forward -looking statements that are based on
assumptions as of the date of this news release. These statements reflect management's current
estimates, beliefs, intentions and expectations. They are not gu arantees of future performance.
Sentinel cautions that all forward -looking statements are inherently uncertain, and that actual
performance may be affected by a number of material factors, many of which are beyond Sentinel's
control. Such factors include, among other things: risks and uncertainties relating to Sentinel's
limited operating history, ability to obtain sufficient financing to carry out its exploration and
development objectives on its mineral properties, obtaining the necessary permits to carry out its
activities and the need to comply with environmental and governmental regulations. Accordingly,
actual and future events, conditions and results may differ materially from the estimates, beliefs,
T - 604.689.7422 F - 604.689.7442 204 – 998 Harbourside Drive North Vancouver, BC V7P 3T2
intentions and expectations expressed or implied in the forward-looking information. Except as
required under applicable securities legislation, Sentinel undertakes no obligation to publicly
update or revise forward-looking information.
Neither the Canadian Securities Exchange (“CSE”) nor its Regulation Services Provider (as that
term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of
this news release.